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,
Exxon Mobil Corp achieved fourth-quarter 2025 earnings that narrowly surpassed Wall Street expectations, largely fueled by robust results in its refining segment and all-time high output from significant growth assets. Despite this strong quarter, the energy behemoth’s overall profit for the full year decreased compared to 2024, primarily due to the adverse effects of depressed
TotalEnergies CEO Patrick Pouyanne predicted a potential backtrack by the European Union on its sustainable aviation fuel (SAF) mandate on Wednesday, suggesting the bloc might dilute the requirement in a move mirroring its recent decision to abandon the proposed 2035 ban on new combustion-engine cars. The European Union has taken a significant step toward decarbonising
The precious metals market is witnessing records tumbling every trading week. Gold on COMEX rose to a record high of $4,969.69 per ounce earlier on Friday, nearing the coveted $5,000-per-ounce mark. Meanwhile, silver continued to outperform gold in dramatic fashion and came within a whisker of hitting $100 an ounce. Meanwhile, oil prices rebounded sharply
Gold prices breached $5,000 per ounce for the first time on Monday, and subsequently moved above $5,100 as well. Meanwhile, there is no stopping silver’s rally as prices surged past $100 per ounce and hit a record high of $112.330 per ounce. On the other hand, oil prices dipped on Monday after strong gains in
Geopolitical risk has sent gold soaring past $5,000 an ounce on investor uncertainty, even as energy markets remain firmly tied to tangible supply-demand constraints, according to a new Rystad Energy update. “The message for commodity markets heading into the week is clear. Geopolitical rhetoric remains loud, but pricing continues to respond primarily to tangible constraints
Oil prices jumped on Tuesday as a massive storm hit crude production and operations at refineries in the US Gulf Coast. Meanwhile, gold prices fell, but remained near their recent record highs above the $5,100 per ounce level. Silver prices on COMEX also fell sharply after hitting a record high of $113.438 per ounce earlier
Maersk, a major container shipping company, announced that severe weather, specifically heavy storms and snowfall, is causing significant disruption to its cargo operations across a large area of Europe. The impact is being felt across south-west and western Europe, affecting the seamless flow of goods, according to a Reuters report. Furthermore, the adverse weather conditions