Author: Editor-In-Chief
Kevin Warsh is worth more than all recent Federal Reserve chairmen, according to newly released financial disclosure documents.Warsh was nominated by President Donald Trump to replace Federal Reserve Chairman Jerome Powell. Mr. Warsh has assets of approximately $131 million to $209 million, plus hundreds of millions of dollars in additional assets held by his wife, Jane Lauder, according to his financial filings. That would make Mr. Warsh significantly wealthier than Mr. Powell, who was considered the richest Fed chair in history when he took office in 2018. Powell’s most recent tax return (for 2025) shows his assets range from $19…
WASHINGTON (AP) – The Iran war is likely to stall global economic momentum this year, resulting in lower growth than in 2025, the International Monetary Fund warned Tuesday.The IMF has lowered its 2026 global growth forecast to 3.1% from 3.3% in January. The expected growth rate will slow from 3.4% expansion in 2025.The US and Israeli attacks on Iran, as well as Iran’s blockade of the Strait of Hormuz and retaliatory attacks on refineries and other energy infrastructure in neighboring countries, have caused oil and gas prices to rise sharply around the world.As a result, the IMF has raised its…
US President Donald Trump isn’t just criticizing the British Prime Minister for being weak on defense. On Tuesday, he was joined by his own adviser George Robertson, accusing Keir Starmer of putting the UK at “risk” due to his “corrupt complacency”. In an interview with the Financial Times, former NATO chief Robertson said there was a gap between Starmer’s words and actions. He said the Chancellor was reluctant to make the investment needed to keep Britain safe, choosing instead to funnel money into an “ever-expanding welfare budget”. Mr Robertson is a key government adviser who commissioned Mr Starmer to carry…
Global energy prices are rising as traffic through the Strait of Hormuz is more than 90% lower than it was before the Iranian war broke out on February 28. Domestic prices are also rising, particularly in California, although the US remains somewhat insulated.The national average for a gallon of regular gas on Monday was $4.13, compared to $5.89 in California, according to AAA. Diesel prices in the state hit a record high of $7.75 per gallon on April 9th.Gas prices in California are typically among the highest in the nation, due in part to the state’s more stringent fuel requirements.…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.good morning. If you are looking for someone to take responsibility for rising costs. Netflix If you’re considering subscribing, you might want to take a look at Wall Street. CNBC’s Sarah Witten and Lillian Rizzo explain how investors’ focus on profitability is driving streamers’ price hikes.Stock futures are rising this morning as all three major indexes are positive.Here are five important things investors need to know to start their trading day.1. bounceUS President Donald Trump speaks with members of the media on the South Lawn of…
The Championship is all about playing at the top and at the bottom, with two big matches live on Sky on Tuesday night.Relegation-threatened Portsmouth host promotion-chasing Ipswich Town, while in-form Southampton host Blackburn at St Mary’s. Important matches are also being held live in Ligue 1 and Ligue 2, with more to come as we approach the final stages of the 2025/26 season. Portsmouth vs Ipswich Use Chrome Browser for a more accessible video player Norwich City vs Ipswich Town Sky Bet Championship match highlights It’s been a while since this happened. Quite literally, in fact. Portsmouth were originally scheduled…
Rep. Eric Swalwell (D-Calif.) speaks during a House Democratic hearing commemorating the 5th anniversary of the storming of the Capitol on Tuesday, January 6, 2026, at the Capitol Visitor Center.Tom Williams | CQ-Roll Call Inc. | Getty ImagesRep. Eric Swalwell, the top Democratic candidate for California governor, resigned from Congress on Monday following allegations of sexual misconduct.Swalwell announced his resignation in a statement posted to his X account, but still denied some of the allegations made against him in recent days.”I deeply apologize to my family, staff, and constituents for the errors of judgment I made in the past,” Swalwell…
Wednesday, June 5, 2024, Rep. Tony Gonzalez (R-Texas) heads to the U.S. Capitol for a House vote. Tom Williams | CQ-Roll Call Inc. | Getty ImagesTexas Republican Congressman Tony Gonzalez announced Monday that he is retiring from Congress following bipartisan calls for his ouster.Gonzalez had already announced that he would not seek re-election after admitting to an affair with a staffer who later committed suicide. His retirement announcement came just hours after Democratic Congressman Eric Swalwell of California announced he was resigning from Congress as he also faces allegations of sexual misconduct.House Republican leaders had already called on Gonzalez not…
Canadian Prime Minister Mark Carney has secured a stronger hold on power and a greater mandate to push back against US President Donald Trump after a series of historic floor passages and two special election victories propelled his Liberal Party into a majority government. CNN affiliate CBC News reports that the Liberal Party is expected to pick up two more seats on Monday, giving it 173 seats in the House of Commons, just one seat above the threshold needed to claim a government majority. The third race, a knife-edge race in Quebec, where the Liberal candidate previously won by just…
Top articles in Tuesday’s newspapers and transfer rumors…premier leagueBayern Munich have reportedly begun talks over a move for Newcastle star Anthony Gordon – The Sun Newcastle United’s owners continue to support Eddie Howe despite the club’s struggles this season, with all involved intending to assess the management situation this summer – The Athletic’s reporter Use Chrome Browser for a more accessible video player Newcastle manager Eddie Howe reflects on Newcastle’s defeat against Crystal Palace WSLTottenham’s former executive chairman Daniel Levy was paid more than all 64 players and staff at the club’s women’s team combined for the 2024/25 season, the…