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Warsh Confirmed as Fed Chair, 54-45
Kevin Warsh was confirmed as the 17th Federal Reserve chair by a 54-45 Senate vote on Wednesday, taking over Friday from Jerome Powell amid resurgent inflation and unprecedented political pressure on
Bank of Canada Holds Rate, Flags Oil & CAD
The Bank of Canada kept its benchmark rate steady in late April while flagging the Iran war, oil‑price swings, and the CAD‑USD exchange rate as key variables for future tightening. Governor Tiff Mackl
US 10-Year Treasury Yield Hits July High After Hot PPI
A hotter‑than‑expected Producer Price Index pushed the U.S. 10‑year Treasury yield to its highest level since July, sparking a bond sell‑off and fueling expectations of another Federal Reserve rate hi
Bank of Canada Finds No Widespread AI Job Losses
The Bank of Canada finds no clear evidence that AI has yet driven large‑scale job losses, though it notes early productivity gains and warns that younger workers in entry‑level coding and customer ser
Why this unheralded AI stock can go higher despite its recent massive rally
After a hotter‑than‑expected inflation reading sent Treasury yields higher, the CNBC Investing Club highlighted a modest 2% jump in Nvidia after CEO Jensen Huang’s China visit with President Trump, a
India doubles gold, silver duty, cuts convoy sizes
India’s Union government has doubled import duties on gold and silver after Prime Minister Modi’s appeal, while BJP leaders have trimmed convoy sizes. The moves come as the West Asia crisis deepens, s
Senate to Confirm Kevin Warsh as Fed Chair
After weeks of legal battles and high‑profile foreign moves moves, Trump finally moves to cement his influence on the economy by installing Kevin Warsh as Fed chair. With the Justice Department probe
Dow Falls as Inflation Hits, Nvidia Leads AI Rally
The Dow slipped as hot inflation weighed on broader equities, while Nvidia and other AI‑focused stocks surged, driving a tech‑centric rally. At the same time, U.S. futures rose and global markets gain
Semiconductors Reach 15% of S&P 500, Heightening Risk
Semiconductor stocks have surged to dominate more than 15% of the S&P 500, marking an unprecedented concentration that fuels the AI‑driven rally but raises concerns about market vulnerability for inde
Trump: 'I Don't Think About Americans' Financial Situation'
Trump told reporters he doesn't think about Americans' financial situation while pursuing an Iran ceasefire, comments delivered the same day new data showed U.S. consumer inflation hit a three-year hi
Ledger Pauses $4B U.S. IPO Over Market Conditions
French crypto hardware wallet maker Ledger has shelved plans for a roughly $4 billion U.S. IPO, citing volatile market conditions that have cooled investor appetite for digital-asset listings.
India Hikes Gold Tariffs to 15% to Shore Up Rupee
India raised import tariffs on gold and silver from 6% to 15% in a bid to stem a hemorrhage of foreign currency as the rupee collapses under oil-shock pressure from the Strait of Hormuz crisis.
Whipsaw market actions leaves traders looking for direction. The 'fear gauge' might offer a clue
Despite a turbulent session that saw tech stocks wobble and oil surge past $100, the S&P 500 and Nasdaq held firm, closing near the day’s highs as traders leaned into VIX calls as a hedge. The Cboe VI
Anthropic, OpenAI PreStocks drop >30% after SPV warning
Anthropic and OpenAI warned that the Solana‑based PreStocks tokens backing their private shares are invalid, triggering a roughly 40% plunge in token prices and exposing thin liquidity and missing att
Live markets: Bitcoin dips below $80,000 as producer price inflation surges to 6%
Bitcoin dipped below $80,000 amid surging U.S. producer price inflation and geopolitical tensions linked to Iran, but analysts at 21Shares see the sell-off as a potential 'final flush of weak hands' a
Metaplanet Q1 profit jumps, but Bitcoin losses hit bottom line
Metaplanet’s Q1 earnings show a widened basic loss of $0.63 per share as Bitcoin’s 24% price plunge erodes its net assets to $2.6 bn, yet the firm kept its 2026 sales and operating‑profit targets unch
Vietnam eyes Q3 launch for regulated crypto asset market: Report
Vietnam, now Asia’s third‑largest crypto hub with $200 bn of on‑chain activity, still relies heavily on offshore exchanges. To shift trade onto domestic platforms, the government launched a five‑year
April CPI Spike Delays Fed Rate Cuts to 2027
April's hotter‑than‑expected CPI, driven by soaring energy prices and the Iran war, pushes the Fed’s new chair Kevin Warsh to delay any interest‑rate cuts until at least 2027 for borrowers.
Asia Markets React to Trump’s Iran Ceasefire Critique
Asia‑Pacific equities swung unevenly Wednesday as hotter‑than‑expected U.S. inflation, falling oil prices, and renewed Iran tensions—highlighted by President Trump’s sharp critique of the ceasefire an
US Inflation Hits 3.8% as Iran War Drives Energy Prices
US consumer prices surged to a 3.8% annual rate in April, driven by soaring energy costs after Iran’s war forced the closure of the Strait of Hormuz. The spike in gasoline and jet fuel prices has revi
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