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Regional Fed banks face new uncertainty as White House sees openings for influence
A quiet but consequential process inside the U.S. Federal Reserve is drawing unusual scrutiny as political pressure intensifies in Washington. The reappointment cycle for the Federal Reserve’s 12 regional bank presidents—traditionally a routine administrative exercise—is now emerging as a potential…
Anthropic’s $50 Billion U.S. Bet: Building the Nerve Centers of the AI Economy
The race to own the future of artificial intelligence is no longer about algorithms — it’s about infrastructure.On Wednesday, Anthropic, one of the world’s leading AI developers, announced a $50 billion investment to build a network of data centers across the United States…
OPEC Signals Balance Ahead as Oil Prices Slide: A Market Recalibrates
The oil market felt the tremor before the words fully landed. On Wednesday, prices sank more than $2 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) forecast that global oil supply will match demand by 2026, signaling a new equilibrium…
Brazil and the U.S. Edge Closer to a Tariff Breakthrough
The air in Niagara Falls carried more than mist this week. On the sidelines of the Group of Seven foreign ministers’ meeting in Canada, Brazilian Foreign Minister Mauro Vieira and U.S. Secretary of State Marco Rubio quietly convened to take stock of trade negotiations…
Italy Pushes for Early EU Levy on Cheap E-Commerce Imports
Europe’s trade policy debate has found new urgency in Rome. On Wednesday, Italian Economy Minister Giancarlo Giorgetti called on the European Union to bring forward a planned levy on low-value e-commerce imports, urging that the measure be implemented by 2026, two years earlier…
Markets Brace for December Rate Cut as Fed Confronts Fragile Labor Market
The U.S. Federal Reserve is expected to deliver another interest rate cut in December, extending its effort to stabilize a slowing economy under the strain of a weakened labor market and a historic government shutdown that has clouded official data.…
America’s Legal Crossfire: The Global Backlash to Trump’s Anti-Drug Strikes
In a striking departure from traditional U.S. counter-narcotics policy, President Donald Trump’s administration has launched nearly twenty lethal strikes against suspected drug vessels across the Caribbean and Pacific, killing at least 76 people. The White House insists the targets were…
Israel’s President Condemns ‘Shocking’ Settler Violence as Tensions Surge in the West Bank
Israel’s President Isaac Herzog has denounced a wave of settler attacks on Palestinians in the occupied West Bank, describing the violence as “shocking and serious” and urging state authorities to act swiftly to end it. The statement marked one of the strongest…
Amazon Faces Class Action Over ‘Punitive’ Absence Policy for Disabled Workers
Amazon.com, the second-largest private employer in the United States, is facing fresh scrutiny after being accused of punishing warehouse employees who request accommodations for disabilities. A proposed class-action lawsuit filed in New York on Wednesday alleges that the company’s attendance…
Dow Breaks Records as Investors Shift Focus Beyond Tech
Wall Street’s momentum turned mixed on Wednesday, with the Dow Jones Industrial Average closing at a record high even as the Nasdaq slipped, revealing a rotation out of technology and into sectors more grounded in the real economy. Investors appeared to take confidence…