Following the closest Senate vote since the confirmation requirement began in 1977, Kevin Warsh has officially been cleared to become the next chair of the Federal Reserve. Under his coming leadership, Warsh has vowed that monetary policy will remain "strictly independent" and has advocated for a strict return to the Fed’s dual mandate of price stability and maximum employment. He's also seeking a...
Following the closest Senate vote since the confirmation requirement began in 1977, Kevin Warsh has officially been cleared to become the next chair of the Federal Reserve. Under his coming leadership, Warsh has vowed that monetary policy will remain "strictly independent" and has advocated for a strict return to the Fed’s dual mandate of price stability and maximum employment. He's also seeking a new framework with new communication , as well as aiming to shrink the Fed’s $6.7T balance sheet "slowly and deliberately." Warsh will take the reins of the central bank tomorrow when current Chair Jerome Powell's term comes to an end. Background: A former Morgan Stanley executive and economic advisor to President George W. Bush, Warsh originally gained national prominence in 2006 as the youngest person ever appointed to the Fed's Board of Governors. He ended up serving as a lieutenant to then-Chairman Ben Bernanke, playing a critical role in the aftermath of the 2008 financial crisis. During that period, he became the Fed's central liaison to financial markets to rescue Wall Street, but ultimately resigned from his position due to policy disagreements regarding the expansion of monetary stimulus and quantitative easing. "Though Warsh often had a hawkish bias during his time as a Fed governor from 2006 to 2011, especially after the global financial crisis, his remarks more recently have leaned in the opposite direction," SA Analyst Principal Financial Group writes in Warsh The Reformer: A New Era For The Fed . "He has argued that the U.S. economy faces an enduring AI-driven productivity boom that will lead to significant disinflationary pressures. Indeed, given what's at stake, this is an area in which Chair Warsh is likely to push Fed staffers to produce more research to inform policy direction. He's also doubtful of current measures of inflation, preferring instead trimmed mean or median measures—both of which are running below headline or core PCE inflation." Current dy...
Fighting between Israel and Hezbollah continues and is deepening divisions across Lebanon. Supporters of Hezbollah call the group “the resistance” and see the conflict as existential. Despite agreeing to a ceasefire, Israel still occupies parts of southern Lebanon and insists Hezbollah must disarm for there to be peace—a view shared by many Lebanese. With communities split over Hezbollah’s future,...
Fighting between Israel and Hezbollah continues and is deepening divisions across Lebanon. Supporters of Hezbollah call the group “the resistance” and see the conflict as existential. Despite agreeing to a ceasefire, Israel still occupies parts of southern Lebanon and insists Hezbollah must disarm for there to be peace—a view shared by many Lebanese. With communities split over Hezbollah’s future, The Guardian travels across Lebanon to find out how the conflict is widening divisions and affecting life across the country. Continue reading...
The US Has Restarted Jungle Warfare In Panama After 25 Years For the first time in roughly 25 years, the US has restarted jungle warfare training in Panama, signaling a broader return of American military activity in Latin America, according to a new Bloomberg feature . At a rainforest training center near Colón, US troops practice survival techniques, patrol operations, casualty evacuations, and ...
The US Has Restarted Jungle Warfare In Panama After 25 Years For the first time in roughly 25 years, the US has restarted jungle warfare training in Panama, signaling a broader return of American military activity in Latin America, according to a new Bloomberg feature . At a rainforest training center near Colón, US troops practice survival techniques, patrol operations, casualty evacuations, and combat drills with Panamanian forces. The environment is intentionally unforgiving—thick jungle, venomous snakes, relentless insects—and soldiers often depend on machetes to move through dense terrain. One Panamanian instructor mocked the Americans’ inexperience, joking, “They’re always cutting themselves.” The renewed training effort reflects a wider shift under President Donald Trump, whose administration has taken a far more aggressive posture toward the region. Officials have discussed military action against drug cartels in Mexico, increased pressure on governments in Cuba and Venezuela, and repeatedly raised the possibility of reclaiming the Panama Canal. According to historian Alan McPherson, this approach represents a “coercive, multifaceted new imperialism,” combining military threats with trade pressure and diplomatic leverage. Photo: Bloomberg Bloomberg writes that beyond Panama, Washington has deepened military partnerships across the hemisphere. The US has reached new agreements with El Salvador and Paraguay, carried out drone strikes in the Caribbean, and expanded security coordination involving Ecuador. Trump has encouraged regional governments to take a harder line on organized crime, telling leaders they should respond by “unleashing the power of our militaries.” Inside the Panamanian jungle camp, cooperation between both militaries is highly visible. Troops sleep in the same barracks, eat together, and train side by side. During one exercise, an American soldier explained how a trap designed for animals could also be repurposed in combat: “To trap an enemy...
U. S. equity futures moved higher on Thursday as investors balanced renewed enthusiasm for artificial intelligence against geopolitical uncertainty surrounding the summit between Donald Trump and Xi Jinping.
U. S. equity futures moved higher on Thursday as investors balanced renewed enthusiasm for artificial intelligence against geopolitical uncertainty surrounding the summit between Donald Trump and Xi Jinping.
J Studios/DigitalVision via Getty Images Executive Summary Information Services companies have been performing poorly recently compared to the S&P 500, with multiples falling over 20% since mid-2025, reflecting growing concerns around generative and agentic AI that could structurally disrupt data vendors and workflow-based business models. The market seems to be overly pessimistic on AI disruption...
J Studios/DigitalVision via Getty Images Executive Summary Information Services companies have been performing poorly recently compared to the S&P 500, with multiples falling over 20% since mid-2025, reflecting growing concerns around generative and agentic AI that could structurally disrupt data vendors and workflow-based business models. The market seems to be overly pessimistic on AI disruption by weighing less on the moats some players have in the field, which has created a disconnect between valuation and fundamentals that motivates a more thorough assessment of what workflows AI is likely to substitute. A high-level conclusion would be that companies like Thomson Reuters ( TRI ), which can benefit from exclusive data, regulatory integration, and high cost of error, are less likely to be replaced by AI. On the other hand, companies like Gartner ( IT ), which rely more heavily on interface-driven analytics and advisory content, are at higher risk of being replaced by AI. Price return of the NA professional & commercial services index (blue) and S&P 500 (white) (LSEG) Calculated P/E ratio of the NA professional & commercial services index (blue) and S&P 500 (white) (LSEG) Concerns Around AI Displacement Continued development of AI solutions is seeking to replicate what Information Services companies offer with their proprietary data and workflow tools. Professionals can now use vibe coding to generate functional and production-ready code that replicates core features of established companies in the industry using natural language without the help of technical teams. Models from AI leaders such as Anthropic and Google ( GOOGL )( GOOG ) now feature advanced reasoning, code generation, and agentic capabilities, which accelerated the trend and raised questions around the structural moat of said players. The saying "garbage in, garbage out" can be applied to a lot of situations, and it certainly does when it comes to AI. Without high-integrity data, outputs from AI mo...
Singapore Airlines Ltd. posted a drop in annual net profit as widening losses at Air India weighed on results amid the broader impact of the Iran war on the aviation industry. Net income came in at S$1.18 billion ($927 million) in the year ended March 31, the airline said Thursday. That beat analyst estimates of S$1.08 billion, even as losses at associate companies, which includes the Singaporean ...
Singapore Airlines Ltd. posted a drop in annual net profit as widening losses at Air India weighed on results amid the broader impact of the Iran war on the aviation industry. Net income came in at S$1.18 billion ($927 million) in the year ended March 31, the airline said Thursday. That beat analyst estimates of S$1.08 billion, even as losses at associate companies, which includes the Singaporean carrier’s 25.1% stake in Air India, weighed on overall performance. Read: Singapore Airlines Deepens Role at Air India Amid Record Losses The airline’s own operations remained resilient. Operating profit grew to S$2.37 billion, beating consensus and underscoring strong demand at a time global carriers face a jet-fuel price shock linked to the war. Revenue jumped to S$20.5 billion, also a beat.
Microsoft is on a mission to fix Windows 11 , and part of that involves improving the often-frustrating Windows Update experience. While you'll soon be able to pause updates indefinitely , Microsoft is also adding a new feature that automatically rolls back problematic drivers that have been installed through Windows Update. Microsoft has created a new "Cloud-Initiated Driver Recovery" feature tha...
Microsoft is on a mission to fix Windows 11 , and part of that involves improving the often-frustrating Windows Update experience. While you'll soon be able to pause updates indefinitely , Microsoft is also adding a new feature that automatically rolls back problematic drivers that have been installed through Windows Update. Microsoft has created a new "Cloud-Initiated Driver Recovery" feature that can replace a faulty driver installed on a PC with a previously working driver through Windows Update. Right now, Windows 11 users have to manually roll back a driver or hardware vendors have to publish a new one to work around any problems, but th … Read the full story at The Verge.
BlackRock portfolio manager Tom Becker discusses the outlook for euro-zone equities, including in France. "The underperformance of the CAC over the last one, three years, it’s pretty material," Becker tells Bloomberg Television. "It’s a pretty cyclically-exposed index. It’s got some big energy producers, so we think there’s kind of a bottom there." (Source: Bloomberg)
BlackRock portfolio manager Tom Becker discusses the outlook for euro-zone equities, including in France. "The underperformance of the CAC over the last one, three years, it’s pretty material," Becker tells Bloomberg Television. "It’s a pretty cyclically-exposed index. It’s got some big energy producers, so we think there’s kind of a bottom there." (Source: Bloomberg)