How Kevin Warsh Could Shrink the Fed’s Footprint in Financial Markets
President Trump’s nominee to become the next chair of the Federal Reserve wants to overhaul the central bank, including its more than $6 trillion balance sheet. Source link
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Sensex slides 1k points on oil surge, Rupee fall
MUMBAI: Rising oil prices weighed on investor sentiment on Dalal Street for the third consecutive session that pulled sensex down by 1,000 points (1.3%) on Friday to close at 76,664 points. Foreign funds continued to sell aggressively, leading to a 2,609-point fall in the sensex in the last three sessions. The weakness of the rupee…
Polymarket Bets on Paris Temperature Prompt Investigation After Unusual Spikes
The authorities said a Paris airport weather sensor may have been tampered with as large wagers were placed on the betting site. Source link
Intel: Intel soars 24% on signs of AI boom for CPUs
Demand for Intel’s central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company’s shares soaring on Friday.The stock surged more than 24% to $83 in early trading, surpassing its dot-com era peak in 2000…
As Trump Officials Pushed Health Savings Accounts, RFK Jr. Aide Ran Wellness Company Poised to Benefit
Calley Means remained president of a company that relied on health savings accounts last year as the Trump administration developed policies to expand them. Source link
Us Sanctions China Oil Refinery: ‘Economic Fury’: US sanctions China’s ‘teapot’ refinery & 40 shipping companies, tightens pressure on Iran oil trade
The United States has imposed fresh sanctions on a major China-based oil refinery and around 40 shipping companies and tankers linked to Iranian oil transport, escalating its campaign to choke Tehran’s key revenue stream.The move, announced on Friday, targets what Washington describes as an extensive “shadow network” used to move Iranian crude to global markets.It…
How Jet Fuel Shortages Could Affect Summer Travel to Europe and Beyond
Facing sky-high fuel costs linked to the war in Iran, airlines are cutting routes and raising prices. European vacations are looking a lot less affordable. Source link
‘There’s no oil coming out’: US rules out extension of Iranian and Russian oil waivers
United States treasury secretary Scott Bessent on Friday said that America is not planning to renew a waiver allowing the purchase of Russian oil currently at sea.While talking to news agency Associated Press, Bessent also added that another waiver for Iranian oil at sea is “totally off the table.”“Not the Iranians. We have the blockade,…
Over 200,000 Heated Socks Sold at Costco Recalled After Reports of Burns
The socks, from the brand 32 Degrees, were linked to reports of first- and second-degree burns, according to U.S. product safety regulators. Source link
28% of mobiles in India made by domestic cos
NEW DELHI: At least one in four smartphones manufactured in India is now produced by domestic contract manufacturers, signalling a quiet but significant shift in the country’s electronics ecosystem.The rise has been led by Dixon Technologies and Bhagwati Products, with Dixon emerging as the country’s largest device maker, overtaking Samsung Electronics in overall production volumes…