Kevin Warsh’s First Fed Meeting Triggers Worst Market Reaction Since 1994
The S&P 500 fell 1.2% following Kevin Warsh’s first Federal Reserve meeting as chairman, marking the worst market reaction to a new Fed chief’s debut meeting in 32 years.
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Track the key forces shaping the global economy with our comprehensive coverage. This section delivers timely updates on central banks and interest rates, inflation trends, labor markets, GDP growth and geopolitical shifts. We provide clear analysis and essential context so readers can understand how economic indicators and policy decisions affect markets, businesses and personal finances worldwide. Designed for professionals, investors and anyone interested in macro trends, our Economy category brings together the stories that define today’s economic landscape.
Bank of Japan Raises Interest Rates to 1%, Highest Level Since 1995
The Bank of Japan raised its benchmark interest rate to 1%, the highest level in more than three decades, as policymakers respond to persistent inflation and pressure on the yen.
U.S. Approves Nvidia H200 Chip Sales to Major Chinese Tech Firms
The United States approved sales of Nvidia H200 AI chips to several major Chinese technology companies, though broader geopolitical tensions continue limiting shipments.
Trump Travels to Beijing for High-Stakes Summit With Xi Jinping
By
Benjamin Harper
• 2 mins read
Donald Trump arrived in Beijing for a two-day summit with Xi Jinping focused on tariffs, semiconductors, AI restrictions, and broader U.S.-China economic relations.
U.S. Inflation Climbs to 3.8% as Markets Weigh Rising Rate Risks
By
Benjamin Harper
• 2 mins read
U.S. inflation accelerated to 3.8% in April, exceeding forecasts and fueling concerns that the Federal Reserve may delay or reverse expected rate cuts.
Musk Testifies in Lawsuit Against OpenAI, Seeks $134 Billion in Damages
By
Michael Foster
• 2 mins read
Elon Musk has begun testifying in his case against OpenAI, seeking to remove leadership and claim $134 billion in damages over alleged contract violations.
U.S. Government’s Intel Stake Gains $25.7 Billion in Eight Months After CHIPS Investment
By
Benjamin Harper
• 2 mins read
A U.S. government investment in Intel has generated $25.7 billion in unrealized gains in just eight months after shares surged following earnings.
China Blocks Meta’s $2 Billion Acquisition of AI Startup Manus
By
Michael Foster
• 2 mins read
China has blocked Meta’s $2 billion acquisition of AI startup Manus, citing regulatory concerns over the cross-border deal.
Condom Prices Could Rise 30% as Iran War Disrupts Supply Chains, Karex Warns
By
Nathan Cole
• 2 mins read
Condom prices could increase by up to 30% as the Iran war drives higher costs and disrupts supply chains, according to global producer Karex.
U.S. Launches $166 Billion Tariff Refund Program After Supreme Court Ruling
By
Benjamin Harper
• 3 mins read
The Trump administration has begun issuing up to $166 billion in tariff refunds to importers following a Supreme Court decision, with payments expected to take months or longer.
Fed Nominee Kevin Warsh Discloses Crypto Investments Worth Over $100 Million
By
Benjamin Harper
• 3 mins read
Federal Reserve nominee Kevin Warsh revealed over $100 million in assets, including stakes in crypto and tech ventures, raising questions about potential policy implications.
Traders Bet Fed Will Hold Rates Through 2026 After Inflation Data
By
Benjamin Harper
• 2 mins read
Traders are betting the Federal Reserve will keep interest rates unchanged through 2026 following the latest inflation data. CPI figures showed moderating but still elevated price pressures.
Global Billionaire Wealth Hits Record as Oxfam Flags Rising Political Influence
By
Daniel Wright
• 3 mins read
Global billionaire wealth climbed to a new peak in 2025 as the number of ultra-wealthy individuals surpassed 3,000 for the first time, according to Oxfam. The group warned that growing fortunes are translating into greater political and economic influence.
Japan Launches World’s First Deep-Sea Rare Earth Mining Project
By
Michael Foster
• 3 mins read
Japan has become the first country to begin extracting rare earth elements from the ocean floor, marking a major step to secure critical mineral supplies and reduce reliance on China.
U.S. Prosecutors Open Criminal Probe Into Fed Chair Powell, Raising Stakes for Central Bank
By
Benjamin Harper
• 3 mins read
U.S. prosecutors have launched a criminal investigation into Federal Reserve Chair Jerome Powell over disclosures tied to a headquarters renovation, escalating political pressure on the central bank amid rate policy tensions.