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Banking Committee’s Sen. Rounds liked Warsh’s ‘tone’ in first testimony as Fed chairman
Federal Reserve Chair Kevin Warsh was on Capitol Hill for two days of testimony this week.
Iran warns U.S. of Hormuz ‘red line,’ says it will retaliate to Trump’s strike threats
Trump warned that the U.S. will target Iranian infrastructure next week if negotiations do not resume.
Ukraine’s Zelenskyy ousts defense minister in surprise shake-up as protest calls emerge
The move sparked some to call for a peaceful protest and comes shortly after Ukraine’s parliament accepted the resignation of Prime Minister Yulia Svyrydenko.
U.S. slaps 25% tariff on most Brazilian goods over ‘unfair trade practices’
A separate U.S. probe into forced-labor enforcement has also proposed an additional 12.5% duty on Brazilian goods that would stack on top of the 25%, with a decision due within days.
$100M New Jersey deli fraud defendant Patten wants no prison time despite past conviction
James Patten is the person to be sentenced for a scheme that sent the market capitalization of a company that owned just a small New Jersey deli soaring.
United earnings top estimates but airline expects $6 billion in added fuel costs
United reported higher revenue for premium, corporate and no-frills basic economy tickets and higher revenue for both domestic and international trips.
Analysis: Fed Chairman Warsh faces an inflation credibility test after Congress hearings
The new Fed chairman avoided major stumbles in two days of testimony before the House and Senate, but faces a rapid test of his commitment to price stability.
Anthropic moves closer to mega-IPO as bankers line up investor meetings
Anthropic is lining up investor meetings ahead of a potential IPO as soon as October as the AI startup behind looks to beat rival OpenAI to the public markets.
Fed Chairman Warsh says he meets ‘often’ with Trump administration, defends independence
Kevin Warsh said Wednesday that he speaks with Treasury Secretary Scott Bessent frequently outside their regular weekly meetings.
‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding
JPMorgan Chase CEO Jamie Dimon unveiled a $24 million package to bolster American shipbuilding, funding a new submarine facility at the Philadelphia Navy Yard.