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,
Bitcoin fell sharply in early Saturday afternoon trading in New York, sliding below the $80,000 mark to levels last seen in April 2025, as geopolitical shocks and fragile market structure combined to accelerate losses. Geopolitical shock hits risk appetite The move extended a drawdown that has now wiped more than 30% off the value of
Micron (MU) stock has been in a strong bull run since April 2025, when it bottomed at $62. It has soared to $415, making it one of the top gainers in the S&P 500 Index and Nasdaq 100. Despite this surge, the stock has more upside in 2026 as the artificial intelligence tailwinds remain. It
The crypto market crash accelerated during the weekend, with Bitcoin moving below the key support level at $80,000 for the first time in months. It was trading at $78,678 on Sunday, down sharply from its all-time high of $126,300. Ethereum price crashed to $2,400, while Binance Coin (BNB) fell to $770. The market capitalization of
European gas prices, already on a downward trend, face fresh uncertainty after heightened rhetoric between the US and Iran, fueled by statements from President Donald Trump, reignited fears over the security of the vital Strait of Hormuz—a transit point for a crucial one-fifth of the world’s seaborne LNG deliveries. LNG shipments from US terminals are
The Schwab US Dividend Equity ETF (SCHD) is doing well this year and is constantly beating the broader market, including the S&P 500 and the Nasdaq 100 indices. SCHD has jumped by 8.50% this year and is now hovering at its all-time high, while the S&P 500 has risen by just 1%. This article explores
It is one record after another for gold. The yellow metal cleared the $5,200 as well as the $5,300 marks on Wednesday for the first time in history as the rally continued. Silver prices on COMEX also kept up the charge as the metal breached $116 for the first time ever. Additionally, oil prices also
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
Gold prices breached $5,600 per ounce for the first time on Thursday on rising safe-haven demand for the metal. Silver topped $120 per ounce on COMEX as prices continued to skyrocket, hitting a series of record highs. On Thursday, Brent oil futures prices soared, reaching a four-month peak. The March contract of Brent hit $70