The head of Bangladesh’s central bank has stepped down in a surprise departure that comes just over a week after the inauguration of the country’s new democratically elected government. Bangladesh Bank Governor Ahsan H. Mansur confirmed his departure in an interview with Bloomberg News on Wednesday, saying he made the decision after local TV news reported the new government was planning to replace...
The head of Bangladesh’s central bank has stepped down in a surprise departure that comes just over a week after the inauguration of the country’s new democratically elected government. Bangladesh Bank Governor Ahsan H. Mansur confirmed his departure in an interview with Bloomberg News on Wednesday, saying he made the decision after local TV news reported the new government was planning to replace him. “After seeing the TV news that I’m being replaced, I left the job,” Mansur said in a phone interview with Bloomberg News Wednesday. “There are formalities remaining. I will do that later.” The exact circumstances behind Mansur’s departure weren’t immediately clear. Earlier in the day, a small group of employees held a protest at the central bank headquarters, accusing him of “authoritarianism” and demanding his resignation. At the rally, protesters said that he did not meet their “just demands” without elaborating. TV footage showed Mansur leaving the central bank building in Motijheel, a business district in the capital Dhaka. Mansur joined as the 13th governor of the Bangladesh Bank in August 2024 amid a period of intense political instability following the popular uprising that led to the ouster of former Prime Minister Sheikh Hasina . Mansur’s departure comes after last week’s inauguration of Prime Minister Tarique Rahman, whose Bangladesh Nationalist Party swept the country’s first general election since the 2024 uprising.
Volkan ISIK/iStock via Getty Images On Tuesday, a federal judge in California dismissed a lawsuit from Elon Musk's AI company xAI ( X.AI ) that accused competitor OpenAI ( OPENAI ) of stealing its trade secrets, Reuters reported. U.S. District Judge Rita Lin in San Francisco said that xAI could refile the case, but for now it has failed to allege that the Sam Altman-led startup committed any misco...
Volkan ISIK/iStock via Getty Images On Tuesday, a federal judge in California dismissed a lawsuit from Elon Musk's AI company xAI ( X.AI ) that accused competitor OpenAI ( OPENAI ) of stealing its trade secrets, Reuters reported. U.S. District Judge Rita Lin in San Francisco said that xAI could refile the case, but for now it has failed to allege that the Sam Altman-led startup committed any misconduct, the report added . OpenAI and xAI did not immediately respond to a request for comment from Seeking Alpha. The lawsuit, which was filed in September 2025, claimed that former xAI staff took source code related to the company's AI chatbot Grok and other confidential information with them when they left for new jobs at OpenAI. "Notably absent are allegations about the conduct of OpenAI itself," said Lin. "xAI does not allege any facts indicating that OpenAI induced xAI's former employees to steal xAI’s trade secrets or that these former xAI employees used any stolen trade secrets once employed by OpenAI," the report noted. Last month, Lin signaled that she may dismiss the lawsuit. The judge has given xAI until March 17 to file an amended complaint, according to the report. xAI has separately sued a former engineer, Xuechen Li, for allegedly taking trade secrets to Microsoft ( MSFT )-backed OpenAI. "We welcome the court's decision," said OpenAI, the report noted. "This baseless lawsuit was never anything more than yet another front in Mr. Musk's ongoing campaign of harassment." The lawsuit is part of a larger tussle between Musk and OpenAI, which he co-founded and is also suing over its conversion to a for-profit company. Musk is seeking up to $134.5B in damages from OpenAI and Microsoft in that case. Jury selection is slated for April 27, the report noted. OpenAI said in a court filing that the trade-secrets case was part of a "campaign to harass a competitor with unfounded legal claims" because Grok could not keep up with OpenAI's ChatGPT, the report added. More o...
uschools/E+ via Getty Images Stock index futures rose on Wednesday as investors geared up for Nvidia’s ( NVDA ) fourth-quarter results after the market close. Nasdaq 100 futures ( US100:IND ) climbed +0.27%. S&P 500 futures ( SPX ) advanced +0.21%, and Dow futures ( INDU ) edged higher by +0.18%. The economic calendar for the day includes the new home sales report and the survey of business uncert...
uschools/E+ via Getty Images Stock index futures rose on Wednesday as investors geared up for Nvidia’s ( NVDA ) fourth-quarter results after the market close. Nasdaq 100 futures ( US100:IND ) climbed +0.27%. S&P 500 futures ( SPX ) advanced +0.21%, and Dow futures ( INDU ) edged higher by +0.18%. The economic calendar for the day includes the new home sales report and the survey of business uncertainty data. Fedspeak is also on tap, with St. Louis Fed President Alberto Musalem, Kansas City Fed President Jeffrey Schmid, and Richmond Fed President Thomas Barkin all scheduled to speak. U.S. Treasury yields moved slightly higher across the curve. The 2-year Treasury yield ( US2Y ) rose to 3.48%, while the 10-year Treasury yield ( US10Y ) reached 4.05%. The 30-year Treasury yield ( US30Y ) stood at 4.70%. Top S&P 500 gainers in premarket trading included Axon Enterprise ( AXON ) +16.04%, Albemarle ( ALB ) +4.26%, and Humana ( HUM ) +3.02%. Decliners included First Solar ( FSLR ) -15.10%, Workday ( WDAY ) -9.30%, and CoStar ( CSGP ) -7.28%. More on markets U.S. Treasury Debt-To-GDP Ratio Rises To 122% In Q4, Highest Since Covid Spike S&P 500: Supreme Court Ruling On Tariffs Increases Market Volatility SPY: Tariff Troubles (And Other Developments) Dampen Some Optimism After the Supreme Court's tariff ruling, here's what could be next for stocks SCOTUS ruling could put over $175B in U.S. tariff revenue at risk, Penn-Wharton estimates
denisik11 U.S. President Donald Trump has said that major technology companies developing artificial intelligence data centers will have to cover their electricity needs under what he called a newly negotiated “rate protection pledge.” Speaking during his State of the Union address to Congress, Trump said tech firms would be told to generate dedicated power for their expanding AI infrastructure ra...
denisik11 U.S. President Donald Trump has said that major technology companies developing artificial intelligence data centers will have to cover their electricity needs under what he called a newly negotiated “rate protection pledge.” Speaking during his State of the Union address to Congress, Trump said tech firms would be told to generate dedicated power for their expanding AI infrastructure rather than drawing additional load from local grids. "Tonight, I'm pleased to announce that I have negotiated the new rate payer protection pledge. You know what that is? We're telling the major tech companies that they have the obligation to provide for their own power needs," he said. "We have an old grid. It could never handle the kind of numbers, the amount of electricity that's needed. So I'm telling them, they can build their own plant. They're going to produce their own electricity. It will ensure the company's ability to get electricity while, at the same time, lowering prices of electricity for you," he said. He did not name the companies involved or provide details on how the plan would be implemented or enforced. Reuters reported that the White House is expected to host companies in early March to formalize the effort. Last month, Microsoft ( MSFT ) unveiled a plan to ensure their data centers don’t increase consumers' electricity prices and minimize water use and replenish more of the water than they use, as Trump weighed potential action on electricity costs. Wedbush has said it expects other big tech organizations to follow soon after, given the increased scrutiny from federal, state, and local governments to address major concerns with large-scale data center buildouts. The Trump administration in January unveiled a plan that would require big tech companies to pay for the construction of new power generation in the region managed by PJM Interconnection, the largest U.S. grid operator, serving 67M customers in 13 states and Washington, D.C. PJM also announced ...
We’d like to hear from British dual nationals who have been prevented from boarding a flight, ferry or train because they did not have a British passport or certificate of entitlement Have you been prevented boarding a flight, ferry or train because you did not have a British passport or certificate of entitlement proving your right to enter the UK? From 25 February the Home Office says “internati...
We’d like to hear from British dual nationals who have been prevented from boarding a flight, ferry or train because they did not have a British passport or certificate of entitlement Have you been prevented boarding a flight, ferry or train because you did not have a British passport or certificate of entitlement proving your right to enter the UK? From 25 February the Home Office says “international carriers will check all passengers for valid permission or status to travel to the UK – just as they currently do for visa nationals. Continue reading...
Gold 's status as a store of value dates back thousands of years, which is why it's still considered legal tender in many U.S. states today. However, you would be hard-pressed to find someone using gold to buy everyday essentials right now, given how fast the price per ounce is rising. Gold soared in value by 64% in 2025, and it's already up by a further 18% in 2026. The S&P 500 (SNPINDEX: ^GSPC) ...
Gold 's status as a store of value dates back thousands of years, which is why it's still considered legal tender in many U.S. states today. However, you would be hard-pressed to find someone using gold to buy everyday essentials right now, given how fast the price per ounce is rising. Gold soared in value by 64% in 2025, and it's already up by a further 18% in 2026. The S&P 500 (SNPINDEX: ^GSPC) stock market index, on the other hand, is up just 1% this year. Investors are piling into the precious metal to hedge against the consequences of soaring government spending, a ballooning national debt, and rising economic uncertainty. Returns of this magnitude certainly aren't typical, but conditions remain ideal for further potential upside from here. Buying physical gold is the surest way to profit as the shiny yellow metal rises in value, but purchasing an exchange-traded fund (ETF) like the SPDR Gold Shares ETF (NYSEMKT: GLD) might be a much simpler option for most investors. It tracks the price of gold without the storage and insurance headaches that come with owning physical bullion. Here's why it's not too late to add some gold to your portfolio (but maintaining realistic expectations is key). Continue reading
As the United States assembles its greatest military firepower in decades in the Middle East, Iranians are warily awaiting the next round of talks with the US in Geneva this week – negotiations that many see as a last chance for their ruling theocracy to strike a deal with US President Donald Trump. Some say the situation feels hopeless. Battered by decades of sanctions, heightened by Trump’s 2018...
As the United States assembles its greatest military firepower in decades in the Middle East, Iranians are warily awaiting the next round of talks with the US in Geneva this week – negotiations that many see as a last chance for their ruling theocracy to strike a deal with US President Donald Trump. Some say the situation feels hopeless. Battered by decades of sanctions, heightened by Trump’s 2018 decision to withdraw from Tehran’s nuclear deal with world powers, Iranians also just suffered...