President Donald Trump has nominated Kevin M. Warsh as the next chair of the Federal Reserve, setting the stage for a contentious confirmation battle and renewed debate over the central bank’s independence. Warsh, a former Fed governor who served from 2006 to 2011, emerged ahead of several high-profile contenders, including White House economic adviser Kevin
The financial world shifted on its axis this Friday as President Donald Trump officially nominated Kevin Warsh to succeed Jerome Powell as Chair of the Federal Reserve. This appointment is far from a mere administrative baton-pass; it represents a fundamental pivot in the world’s most powerful economic engine. Warsh, a former Fed governor and Wall
China is turning to services and experiences as a new lever to revive domestic demand, as weak household confidence, a prolonged property slump, and slowing exports weigh on the world’s second-largest economy. On Thursday, the State Council released a work plan aimed at boosting services consumption over the coming years, spanning cruise and yacht tourism,
Tesla Inc. posted its first annual revenue decline in 2025, underscoring how political shifts and growing consumer unease with Elon Musk’s activism are complicating the electric-car maker’s growth story just as competition intensifies. The company said fourth-quarter revenue fell 3% from a year earlier to $24.9 billion, broadly in line with analyst expectations, bringing full-year
Toyota Motor retained its position as the world’s top-selling automaker in 2025, reporting record vehicle sales despite ongoing disruption from US tariffs and intensifying global competition. The Japanese carmaker said on Thursday that sales of Toyota and its Lexus luxury brand rose 3.7% from a year earlier to 10.5 million vehicles. That comfortably exceeded deliveries
Oil prices extended their gains on Thursday on the back of simmering geopolitical tensions and concerns about the loss of supply. Concerns about a possible US military strike on Iran, OPEC’s fourth-largest producer with an output of 3.2 million barrels per day, caused Brent oil futures prices to surge on Thursday, reaching a four-month high
Metaplanet is preparing to raise as much as 21 billion yen, or about $137 million, through a combination of new shares and stock warrants placed with selected investors. The Tokyo-based firm will raise funds through a combination of new shares and stock warrants placed with selected investors. The move is designed to support further bitcoin
When they address analysts on Friday, executives from Exxon Mobil and Chevron will likely face a host of questions about Venezuela. This change in emphasis comes after the US apprehended and overthrew Venezuelan President Nicolas Maduro earlier this month, a significant geopolitical event that made it possible, though challenging, for large US oil companies to
The ServiceNow stock price continued its strong downward trend after publishing its financial results. NOW dropped by over 5% to $122, its lowest level since November 2023. This article explores whether it is safe to buy the dip. ServiceNow issued a weak guidance ServiceNow, a top software company in the workflow industry, reported its fourth
Due to heightened geopolitical risks and uncertainties surrounding US trade policy, Bank of Canada Governor Tiff Macklem has warned that the Canadian economy faces an exceptionally high risk of a new shock. In an interview with Reuters on Wednesday, Macklem stated that more variables than usual could affect the central bank’s economic projections. Macklem stated,