Kevin Warsh was sworn-in Friday as the new chair of the Federal Reserve, the world’s most influential central bank. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Warsh’s formal assumption of the role comes after the Senate confirmed him to lead the Fed May 13 in a 54-45 … Read more
Federal Reserve officials’ concerns about inflation being stoked by the Iran war intensified last month, with a growing number of them saying the central bank should lay the groundwork for a possible rate hike, a sign that incoming Chair Kevin Warsh will inherit an increasingly hawkish crew of central bankers. Subscribe to read this story … Read more
Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading. Source link
Nine connected Polymarket accounts have raked in more than $2.4 million betting almost exclusively on U.S. military actions in what digital detectives from the data analytics firm Bubblemaps have identified as a potentially egregious case of insider trading. The anonymous accounts made winning bets on the specific dates of pivotal moments in the war with … Read more
A lower mortgage rate would make your home loan more affordable, but does it really make sense to negotiate now? Getty Images/iStockphoto While the mortgage rate landscape has eased substantially compared to the peaks seen in 2024 and early 2025, the reality is that today’s borrowing costs are still elevated, which is continuing to cause … Read more
BEIJING — The streets around Beijing’s iconic Forbidden City are often filled with brides and grooms, posing for wedding photos against auspicious red backdrops in a place that strongly reflects Chinese culture and tradition. But the tradition of marriage itself is in sharp decline and is spurring a demographic crisis in what was once the … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing April inflation rate surges to 3.8% amid uncertainty in the Middle East 05:08 UP NEXT President Trump looks to suspend the federal gas tax 01:40 U.S. economy adds 115,000 jobs in April, unemployment rate at 4.3% 04:26 Crude … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing U.S. economy adds 115,000 jobs in April, unemployment rate at 4.3% 04:26 UP NEXT Crude oil prices fall over Iran deal optimism as gas prices continue to rise 01:26 Gas prices soar to highest level of the year … Read more
A mortgage interest rate lock could have multiple advantages for borrowers now. Olga Yastremska/Getty Images When it comes to finding a low mortgage interest rate, timing plays a critical role. Unfortunately, as many borrowers have seen in recent months, the timing lately hasn’t been very beneficial. Thanks to a combination of overseas conflicts, pronounced market … Read more
Making a larger down payment could be a smart strategy to employ, but it also has some downsides to consider. Kmatta/Getty Images While it’s relatively common for mortgage rates to change, at least marginally, on a regular basis, overall, mortgage rates have been hovering in the mid- to low-6% range for several months now. And, while borrowers … Read more