Author: Editor-In-Chief
Kevin Warsh was confirmed Wednesday as the next Federal Reserve chairman, taking over the central bank as President Donald Trump pushes to cut interest rates even as new inflation data complicate the debate.In the most divisive vote yet for the Fed chair, Mr. Warsh, 56, won confirmation to replace Jerome Powell, who has held the top leadership position since 2018 and whose term expires on Friday.The Senate voted 54-45 to confirm Mr. Warsh, ending a month of turmoil that included a massive search to find Mr. Powell’s successor that began in the summer of 2025. The vote was almost entirely…
1. You are employedFederal Reserve Chairman nominee Kevin Warsh will be sworn in during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Tuesday, April 21, 2026, in the Dirksen Building. Tom Williams | Cq-roll Call Inc. | Getty ImagesThe Senate yesterday confirmed Kevin Warsh as the next Chairman of the Federal Reserve System in the closest vote in modern history. As CNBC’s Matt Peterson writes, this close margin could be a harbinger of the challenges Warsh will face at the helm of the central bank.Here’s what you need to know:The former Fed chief was confirmed with just…
El Niño is emerging earlier than expected in the Pacific Ocean, raising the possibility that it will become a historically strong El Niño, or a rare “super” El Niño, by fall or winter. That’s according to the latest information just released by NOAA’s Climate Prediction Center, which says El Niño’s peak strength will be strong or very strong two-thirds of the time. El Niño is a natural climate cycle that occurs when the tropical Pacific Ocean warms enough to cause changes in wind patterns throughout the atmosphere, which have ripple effects on weather conditions around the world. Droughts and heatwaves…
An independent hearing to decide Southampton’s final Championship play-off fate is expected to be held by Tuesday 19 May.Southampton could be excluded from the Championship play-offs and denied promotion to the Premier League if an independent panel upholds charges that Southampton spied on Middlesbrough’s training sessions in the run-up to the play-off semi-finals. Southampton have been charged with breaching EFL regulations following a complaint by Middlesbrough that Southampton staff members spied on their training sessions. Sky Sports News later obtained a photo of a man with a camera outside Middlesbrough’s training ground. Use Chrome Browser for a more accessible video…
Your chances of getting VC access, global recognition, TechCrunch coverage, and $100,000 in equity-free funding are running low. Startup Battlefield 200 applications will officially close in just two weeks. If you’re launching a breakthrough startup or know the founder of one, now’s the time to take action. Apply by May 27th for a chance to join 200 of the world’s most promising early-stage startups at TechCrunch Disrupt 2026. Image credit: Kimberly White/Getty Images This window will close immediately Pre-Series A founders, consider this a countdown reminder. The strongest startups are already entering this space. If your startup has already been…
While the recent news on inflation has been generally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for the new chairman of the Federal Reserve to take office.Bessent told CNBC on Thursday that the recent spike in energy supply inflation is likely to reverse as the U.S. “continues to deliver” crude oil to cushion the supply shock from the Iran war.”I’m confident there’s nothing more temporary than a supply shock, and we can, we can, look at that, because core inflation was coming down even before the Iran conflict started,” Bessent told CNBC’s Joe…
A customer buys beer at a supermarket in New York on January 22, 2026.Charlie Tribalew | AFP | Getty ImagesUS beer sales fell more than expected as new scanner data shows weakness in the category. The economic slowdown has raised concerns on Wall Street that rising gas prices are weighing on discretionary spending, especially in convenience retail. Volume sales of beer, flavored malt beverages (FMB) and cider were down 6.3% year over year on both a two-week and four-week basis through the week ending May 2, according to Nielsen tracking data. This is worse than the trend seen from November…
Tesla and SpaceX CEO Elon Musk attends a state dinner between US President Donald Trump and Chinese President Xi Jinping held at the Great Hall of the People in Beijing on May 14, 2026.Brendan Smialowski AFP | Getty ImagesChinese President Xi Jinping told U.S. CEOs accompanying President Donald Trump that the door to doing business in China will “open even wider.” “President Xi said American companies are deeply involved in China’s reform and opening-up, and both sides are benefiting from this,” state-run Xinhua News Agency reported.Noting that China’s door will be opened wider, President Xi said that China welcomes the…
One day after US President Donald Trump’s visit to China for trade talks, he and Chinese President Xi Jinping toasted at a state dinner at the Great Hall of the People in Beijing, praising their relationship as the most “vital” in the world.On Thursday, after visiting the Temple of Heaven, a 600-year-old landmark in the Chinese capital, President Xi spoke of a “common future between the United States and China,” while warning that failing to address this bond would create a “very dangerous situation.”Recommended stories list of 3 itemsend of list”We have to make it work and never mess it…
london — Wes Streeting resigned as UK Health Secretary on Thursday, saying he had “lost faith” in Prime Minister Keir Starmer’s leadership and it would be “disgraceful and unprincipled” to remain in government. The move comes after several days of speculation about whether Mr Streeting will formally challenge Mr Starmer’s leadership of the Labor Party. Mr Streeting announced his resignation from the government in a letter to the prime minister, but did not explicitly say he would launch a leadership contest. To start the contest, Streeting needs the support of one-fifth of Labour’s MPs, currently 81 MPs. Mr Starmer has…