Kevin Warsh Set to Lead Fed Amid Push for Sweeping Reforms
Kevin Warsh is expected to take over as the next chair of the U.S. Federal Reserve this month, returning to the central bank 15 years after resigning in protest against its large-scale bond-buying program....
U.S. Jobless Claims Rise Slightly as Labor Market Remains Stable
The number of Americans filing new applications for unemployment benefits increased moderately last week, signaling continued stability in the U.S. labor market despite global economic concerns linked to the ongoing U.S.-Israel-Iran conflict. According to...
Musk Settles SEC Lawsuit Over Delayed Twitter Stake Disclosure
Elon Musk has agreed to settle a civil lawsuit brought by the U.S. Securities and Exchange Commission over his delayed disclosure of Twitter share purchases in 2022. Under the agreement, a trust in Musk’s...
Systematic Hedge Funds Pump $86 Billion Into Global Stocks in Record Buying Spree
Systematic hedge funds have poured a record $86 billion into global equities over the past five trading sessions, according to a Goldman Sachs note cited by Reuters. These funds, often known as Commodity Trading...
Kevin Warsh’s $100M+ Wealth Revealed in Ethics Filing Ahead of Fed Nomination
Kevin Warsh, the former Federal Reserve governor nominated by Donald Trump to lead the central bank, has disclosed financial assets exceeding $100 million, according to newly filed ethics documents. The 69-page filing submitted to...
Bank of America Reaches Settlement in Epstein Abuse Lawsuit
Bank of America has reached a settlement in principle to resolve a civil lawsuit filed by women who accused the bank of facilitating sexual abuse by disgraced financier Jeffrey Epstein. The agreement, disclosed in...