Author: Editor-In-Chief
U.S. Federal Reserve Chairman candidate Kevin Warsh testifies during a Senate Banking Committee hearing on his nomination on April 21, 2026, at the U.S. Capitol in Washington, DC.Mandel Gunn | AFP | Getty ImagesIf new Federal Reserve Chairman Kevin Warsh is still itching for a “good family fight” over monetary policy, that’s likely to happen if he sticks with rate cuts.With inflation soaring and Treasury yields soaring, Warsh is likely to come to the Federal Open Market Committee in no mood to ease. Indeed, several officials have recently emphasized the need for the Fed to keep its options open for…
No. 7 on the S&P 500 was lucky — just barely. The S&P 500 rose 0.13% for the week, marking its seventh consecutive weekly gain. This winning streak is the longest since December 2023. All-time highs on Monday, Wednesday and Thursday were enough to offset Friday’s abysmal 1.24% decline. Stocks slumped over the weekend as the high-stakes Beijing summit between President Donald Trump and Chinese President Xi Jinping yielded few tangible wins for the United States. Rising oil prices and rising bond yields also weighed on the market. It wasn’t all bad news, as strength in tech stocks supported last…
Antoine Semenyo’s sublime flick gave Man City a 1-0 victory over Chelsea in the FA Cup final at Wembley.The winger has been in the spotlight since joining from Bournemouth for £64m in January and his 10th goal in City colors was special on the big stage. Erling Haaland sent a low cross into the box and Semenyo held off Levi Colwill and glanced the ball into the far corner with his right heel. image: Semenyo scored the opening goal in the FA Cup final with a deft backheel flick. City needed inspiration to cut through Chelsea’s stubborn defence, and Semenyo…
According to a lengthy social media post by Deedy Das, a partner at Menlo Ventures, the current mood around the AI boom is not great, even in the tech industry. Das called San Francisco “pretty hot right now” and said “the split in results is the worst I’ve ever seen.” Using “background AI calculations,” he predicted that about 10,000 people, including founders and employees of companies like OpenAI, Anthropic, and Nvidia, will have “retirement assets of well over $20 million,” while everyone else worries that “even if you could work a high-paying (but less than $500,000) job for the rest…
President Donald Trump is considered the ultimate president for the stock market, overseeing numerous expansions to all-time highs while also acting as a catalyst for major declines.Within the first two months of President Trump’s second term, S&P500 It experienced the most rapid decline into corrective territory since World War II, primarily due to uncertainty surrounding tariff policy. Less than a month later, the index nearly ended in bear market territory following the president’s “Emancipation Day” tariff announcement. A correction is defined as a decline of at least 10% but less than 20% from a recent high, and a bear market…
london — When around 150,000 people flocked to London in September to take part in a rally organized by Tommy Robinson, a provocateur of anti-Muslim bigotry with several convictions, it felt like a watershed moment in British politics. London Mayor Sadiq Khan said at the time: “Something has changed in our country.” “This felt different.” So when at least tens of thousands of people gathered again in the British capital on Saturday for the latest “Unite the Kingdom” march, it didn’t feel all that unusual. Views that were once not expressed in public are becoming commonplace. The marches, organized by…
Xabi Alonso has agreed to become Chelsea’s next permanent manager on a four-year contract.News of Alonso’s impending appointment broke shortly after Chelsea lost 1-0 to Manchester City in the FA Cup final on Saturday. Caretaker Callum MacFarlane was in charge until the end of the season and was in the dugout at Wembley. Chelsea, currently ninth in the Premier League, are looking for a new head coach after sacking Liam Rosenior in April after just three months in the role. Former Real Madrid manager Alonso is Chelsea’s number one takeover target and an announcement could be made as early as…
A truck passes in front of ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company facility, in Abu Dhabi on March 3, 2026. Ryan Lim | AFP | Getty ImagesThe United Arab Emirates’ decision to leave OPEC and OPEC+ is based on the country’s economic vision, not politics, the country’s energy minister said on Saturday.In a post onEarlier this month, Emirates announced that it would be withdrawing from OPEC, a group that has been a member since 1967, before the UAE was founded. “This decision is not based on any political considerations and does not reflect any rift…
Following US President Donald Trump’s visit to China, he issued a statement stating that the island of Taiwan is “sovereign and independent.”But Saturday’s statement added that Taiwan plans to maintain a “cross-strait status quo” without formally declaring independence from China.Recommended stories list of 3 itemsend of listThe message came in response to an interview Trump gave to Fox News the day before as he departed Beijing after meeting with Chinese President Xi Jinping.”We’re not going to make anyone independent,” Trump said in the interview, referring to Taiwan, an autonomous island that Beijing claims as its own territory.The issue of Taiwan’s…
Moments after a car plowed into a crowd of pedestrians in Modena, Italy, on Saturday, four Italian civilians intervened, tackled the car’s driver and pulled him to the ground, the mayor of Modena said. “A madman, I don’t know what to call the criminal who committed this act, got out of his car brandishing a knife,” Mayor Massimo Mezzetti told state news agency RAI. “We are grateful that four citizens captured him and turned him over to law enforcement.” Eight people were injured when a car plowed into a crowd on Via Emilia, a busy street in the center of…