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The announcement on Friday is expected to clear the path for the confirmation of his successor, Kevin Warsh. Source: aljazeera.com
“Many of our Gulf allies have requested swap lines” and seemed receptive to their use, said Treasury Secretary Scott Bessent. Source: axios.com
Venture capitalists can’t subsidize cheap AI forever, and the hunger for more compute is affecting the labor market, the gadget market, and electricity prices. Source: 404media.co
Despite reassuring economic data, many Americans say their day-to-day costs are still rising. Source: slate.com
The decision clears the way for Trump’s nominee to chair the Fed, Kevin Warsh, to advance towards a confirmation vote in the Senate. Source: nbcnews.com
Source: cnn.com
The wind-down of the investigation of the Fed chair could end an impasse that threatened to delay a leadership transition. Source: wsj.com
Lena Dunham’s HBO series “Girls” put a version of her life on screen—and brought her an overwhelming level of public scrutiny. Source: wsj.com
Fiscal spending is now a critical tailwind for Germany’s economy, as the Iran war hammers its growth outlook. Source: cnbc.com
Thousands of Indian workers were forced to leave their jobs in the Gulf nations behind and return home due to the Iran war. Their future remains unclear, and now India itself is feeling the economic impact. Source: dw.com
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