The nomination of Kevin Warsh to lead the Federal Reserve is fast becoming one of the most contentious confirmation battles in recent years, reflecting a broader clash over central bank independence, political influence and economic policy at a time of heightened global uncertainty. As lawmakers prepare for a high-stakes hearing…
The International Monetary Fund is preparing to deepen its engagement with Venezuela, with Managing Director Kristalina Georgieva signaling that a financial support program could follow if key conditions are met.Speaking at a press conference in Washington, Georgieva said the IMF is ready to assemble a staff team to work with…
The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued resilience in the labour market even as businesses remain cautious about hiring amid rising geopolitical risks.Initial claims for state unemployment benefits dropped by 11,000 to a seasonally adjusted 207,000 for the week ended April…
Japan should gradually raise interest rates while keeping fiscal support targeted, a senior official from the International Monetary Fund said on Thursday, highlighting resilience in the country’s domestic economy.The remarks come ahead of the Bank of Japan’s upcoming policy meeting later this month, where policymakers are expected to assess economic…
A senior official at the US Federal Reserve signalled a more cautious stance on interest rate cuts, as inflation remains persistent and geopolitical tensions add uncertainty to the economic outlook.Stephen Miran, widely seen as one of the most dovish policymakers at the central bank, said on Thursday that he may…
President Donald Trump said prospects for a deal with Iran are improving, signaling potential progress in geopolitical tensions. Oil prices moved higher as supply concerns persisted despite ongoing negotiations. Bitcoin pulled back after failing to break key resistance, while the White House advanced plans to provide Anthropic’s AI model to…
Global energy markets are entering a period of prolonged uncertainty as supply disruptions linked to the Middle East conflict begin to deepen, with recovery expected to take years rather than months.The warning comes from Fatih Birol, who said the full impact of the crisis is only now starting to emerge.Birol,…
Global financial markets are showing renewed optimism as US President Donald Trump signalled confidence that the war in Iran could end soon, with talks potentially resuming over the weekend.Investor sentiment has improved on expectations of a diplomatic resolution.However, the positive mood may face challenges from upcoming economic data expected to…
We are in the middle of the largest oil supply shock in history. A war is still raging. Consumer confidence is at record lows. But somehow, the S&P 500 is at an all-time high. Seems confusing. In April alone, the S&P 500 is up more than 8%. Most investors are…
Wall Street edged higher on Thursday after US President Donald Trump announced a 10-day ceasefire between Israel and Lebanon, a development that investors interpreted as a potential step toward easing broader geopolitical tensions involving the United States and Iran.The tentative truce, set to begin at 5 p.m. ET, comes amid…