Global Markets Gain Modestly Ahead of Kevin Warsh’s Federal Reserve Debut
Stocks creep higher and oil prices dip near three-month lows as investors await insights from Kevin Warsh’s first appearance as Federal Reserve chair.
Latest news
Markets & Macro
AI & Tech Regulation
Sanders Proposes 50% Stock Tax on AI Giants to Fund Public Wealth Initiative
Bernie Sanders plans a one-time 50% stock tax on major AI firms to create a sovereign wealth fund aimed at distributing AI-generated wealth directly to Americans.
Crypto & Fintech
Ethereum Price Stabilizes Near $1,770 Amid Market Caution Ahead of Fed Chair Kevin Warsh’s Debut
Ethereum remains largely unchanged around $1,770 as investors await the Federal Reserve’s policy signals under new Chair Kevin Warsh, with subtle whale accumulation hinting at cautious optimism.
AI & Tech Regulation
AI Industry Cash Floods New York Primary, Shaping Debate Over AI Regulation
Rival Silicon Valley-backed groups have injected over $17 million into New York’s 12th Congressional District primary, turning it into a battleground over the future of artificial intelligence oversight.
Energy & Climate
BYD aims to revolutionize EV charging in Canada with ultra-fast 5-minute technology
BYD plans to introduce its ultrafast flash charging network in Canada, promising to deliver hundreds of miles of driving range in about five minutes amid eased tariffs on Chinese EVs.
Markets & Macro
Seoul Stocks Rally to New Record Despite Hawkish Signals from US Federal Reserve
Seoul’s benchmark KOSPI index hit a fresh high as investors weighed Fed’s rate hike hints and Middle East uncertainties against solid profit momentum.
Trade & Tariffs
U.S. to Lift Long-Standing Oil Sanctions in Preliminary Deal with Iran
The United States will waive key oil sanctions on Iran under a preliminary agreement, reopening Iranian crude exports to global markets and easing financial restrictions.
AI & Tech Regulation
FTC and States Challenge WPATH Over Gender-Affirming Care Standards
The Federal Trade Commission and four states filed a lawsuit against WPATH, alleging the group enabled misleading claims about the safety and efficacy of gender-affirming care for minors.
Defense & Security
US-Iran Draft Agreement Proposes Uranium Dilution, Temporary Sanctions Waiver, and Strait Access
A draft deal between the US and Iran aims to dilute Iran’s enriched uranium, waive sanctions temporarily, and ensure toll-free passage through the Strait of Hormuz for two months.
Markets & Macro
Federal Government Presses States on Combating Unemployment Fraud Under Threat of Sanctions
The U.S. government urges states to strengthen measures against unemployment benefit fraud, warning that failure to act swiftly could result in financial penalties.