During his campaign to become the central bank’s chair, a former Federal Reserve governor floated a series of ideas that have kept Wall Street buzzing. The most intriguing—and potentially consequential—was his proposal for a fresh agreement with the Treasury Department, echoing the pact that first linked the two agencies in 1951. The 1951 agreement had […]
In a high‑profile case that underscores the tightening grip of Beijing’s national security law, a 78‑year‑old former media tycoon is set to be sentenced this Monday. The man at the center of the case, a long‑time critic of the mainland government, has been convicted of conspiring with foreign forces to endanger national security and of […]
Port Hedland in northwest Australia swung back to life after Tropical Cyclone Mitchell slipped to the south. The operator, Pilbara Ports, announced that the terminal was back in operation on Sunday, following the storm’s departure. That terminal is a linchpin for the country’s iron ore trade, handling a substantial portion of the nation’s exports for […]
In a move aimed at smoothing the financial system for the Lunar New Year, China’s central bank has quietly injected fresh liquidity into the banking sector. A 14‑day repurchase agreement netting 600 billion yuan (about $86 billion) marked the end of a two‑month pause in such operations. Industry analysts now expect the bank to add up to 3.5 trillion […]
Oil prices slipped after recent diplomatic progress in the Middle East, cutting the risk of a sudden supply shock. Brent futures edged down to around $67 a barrel, while U.S. West Texas Intermediate settled near $63. In a notable development, Iran and the United States held a discussion in Oman that Tehran described as a […]
Keir Starmer’s position at the top of the UK government has slipped into a precarious state after his chief of staff stepped down amid a backlash over the appointment of former Labour stalwart Peter Mandelson as ambassador to Washington. When the decision to send Mandelson to the U.S. was revealed, questions surfaced about his past […]
SpaceX’s CEO announced that the company will shift its focus to creating a self‑growing city on the Moon, a goal that could be reached in less than a decade. The plan, revealed in a recent social media post, places lunar settlement ahead of a Martian city, which the company expects to start building in five […]
As 2026 rolls in, job seekers are finding the market still stuck in a painful slump. Recent data releases suggest that the economy has not warmed up at all, and in some ways may be heading for an even deeper freeze. January proved to be the roughest month for Americans looking for work in years. […]
After a quick rebound that almost wiped out a sharp mid‑week slide, U.S. stocks are facing fresh selling pressure this week from trend‑following algorithmic funds, according to a major financial institution’s trading desk. The S&P 500 has already slipped below a short‑term trigger that has set off selling by commodity trading advisers (CTAs). Those systematic strategies, […]
A recent poll of economists from the University of Chicago’s Clark Center for Global Markets shows that most experts are skeptical of the idea that a surge in artificial‑intelligence productivity will create a comfortable window for the Federal Reserve to slash borrowing costs. The nominee for the Fed’s top job has argued that AI will […]
