As Jerome Powell prepares to hand over the reins, his public counsel to a successor underscores the delicate balance between central bank independence and democratic accountability. With Kevin Warsh named as his replacement, the Fed may be poised for a significant shift in philosophy and approach.
From a record-breaking public health crisis in South Carolina to a stunning archaeological find in Mexico, here are the major developments you need to know this afternoon, alongside a look at how global politics is reshaping daily life from Havana to your local coffee shop.
In an exclusive interview, Robert F. Kennedy Jr. addresses the state of his relationship with cousin Caroline Kennedy following the death of her daughter, Tatiana Schlossberg, last December. The tragedy unfolds against a backdrop of deep political rifts within America's most storied political dynasty.
Despite political instability, Libya's low production costs and proximity to key markets are drawing major investment, while Venezuela's vast reserves remain hamstrung by economic and geopolitical hurdles.
With his term winding down, Federal Reserve Chair Jerome Powell offered rare, pointed advice to his eventual successor during a recent press conference, emphasizing the imperative of maintaining the central bank's independence from political influence.
As political pressure on the Federal Reserve intensifies, the legacy of Marriner Eccles—the Utah banker who architected its modern independence—offers a crucial lesson. A BYU expert explains why shielding monetary policy from politics remains vital for economic stability.
A recent report by Congressional Democrats highlights rising costs for Arizonans, but a local economist argues the figures lack crucial context on 'normal' inflation, igniting a political firestorm over economic messaging.
A new Congressional Budget Office analysis reveals the substantial financial burden of deploying National Guard and active-duty troops to several U.S. cities last year, with monthly costs for continued operations running into the tens of millions.
A new Fox News survey reveals Democrats leading Republicans 52% to 46% in a generic congressional ballot for the 2026 midterms, the highest level of support recorded for either party in this poll series. Voter priorities and sharp partisan divides on key issues shape the early political landscape.
Former President Donald Trump has announced Kevin Warsh, a former Federal Reserve governor and economic advisor, as his pick to lead the central bank. The nomination comes as incumbent Chair Jerome Powell faces a federal investigation related to his congressional testimony.
Philippine Vice President Sara Duterte, a leading contender for the 2028 presidency, faces renewed impeachment efforts filed by civil society groups. The complaints allege corruption and abuse of public trust, deepening the political rift with President Ferdinand Marcos Jr.'s administration.
Former President Donald Trump's legal action against JPMorgan Chase over account closures forces investors to weigh political and compliance risks against the banking giant's underlying financial strength.
As regional stock markets face headwinds from easing oil prices and shifting geopolitics, income-focused investors are turning to dividend-paying companies for stability and yield. We examine three high-yield opportunities across the textile, banking, and financial sectors.
The latest release of millions of pages from the Jeffrey Epstein investigations has sent shockwaves from European capitals to New Delhi, implicating figures in business, politics, and royalty, and forcing governments into damage control.
In a striking departure from diplomatic norms, Prime Minister Keir Starmer has publicly called on the disgraced Duke of York to provide evidence to the U.S. Congressional investigation into Jeffrey Epstein. The intervention signals a collapse of the traditional political shield around the monarchy and intensifies legal and reputational pressures on Andrew.
Health and Human Services Secretary Robert F. Kennedy Jr. has publicly addressed the deep divisions within America's most storied political family, following the death of his cousin Tatiana Schlossberg and amidst ongoing policy controversies that have placed him at odds with his relatives.
Peter Mandelson, a pivotal figure in the Blair-era Labour Party, has resigned his membership following fresh allegations concerning his ties to the late financier Jeffrey Epstein, marking another blow to the party's establishment.
Former Federal Reserve Governor Kevin Warsh has been nominated by former President Donald Trump to chair the central bank, a move lauded by business leaders who cite his crisis-era experience and market savvy.
A pivotal week for prediction markets saw Coinbase partner with Kalshi to offer event contracts nationwide, while the CFTC moved to establish clearer regulatory standards. Meanwhile, traders sharply increased bets on a potential U.S. government shutdown.
A bold congressional proposal to cap credit card interest rates at 10% is drawing sharp criticism from Wall Street and raising fundamental questions about the future profitability of card issuers like American Express.
