Kentucky files lawsuit against Kalshi and Polymarket, challenging federal oversight of prediction markets favored by Trump. Kentucky has sued prediction market platforms Kalshi and Polymarket, alleging illegal sports betting without state licenses. The move pits the Republ
President Trump halts the nomination of his pick for Director of National Intelligence amid Senate delays. The Senate delayed the confirmation hearing for Jay Clayton, President Trump’s nominee for Director of National Intelligence. The postponement follows a social media
Fed holds rates at 3.5%-3.75% with hawkish tilt The Federal Reserve held interest rates steady at 3.5%-3.75% while signaling potential hikes ahead. The median 2026 funds rate projection rose to 3.8% from 3.4%. The inflation upgrade, with headline PCE now seen at 3.6
Clean energy investments now nearly double fossil fuel spending, reaching $2.2 trillion of $3.4 trillion total energy outlays this year. Global clean energy investment will hit $2.2 trillion in 2026, accounting for nearly two-thirds of the $3.4 trillion total energy spendi
Regulatory approval from China advances the $110 billion merger between Paramount Skydance and Warner Bros. Discovery. Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery has secured regulatory approval from China. The decision follows earlier clearance
Fairshake and affiliates deploy $40 million to back crypto-friendly candidates in key US primary races. A political action committee supporting pro-cryptocurrency candidates has spent over $40 million across multiple US states ahead of June primaries. The spending targets
U.S. equities fell after the Federal Reserve maintained interest rates, reinforcing investor concerns over prolonged tight monetary policy. U.S. stocks closed lower Wednesday as the Federal Reserve kept interest rates unchanged, aligning with market expectations. The S&P 5
Federal Reserve Chair Kevin Warsh skips his dot projection, while the committee’s median forecast points to a quarter-point rate increase later this year. The Federal Reserve left its benchmark interest rate unchanged at 3.5%-3.75% in Kevin Warsh’s first meeting as chair,
New Zealand's Q1 GDP growth expected to rise New Zealand's economy is expected to show solid growth in the first quarter of 2026. The median market forecast points to quarterly growth of 0.9%, up from 0.2% in the previous quarter. The growth is expected to be driven
UK CPI undershot forecasts and the Fed signaled higher-for-longer rates, driving the pound to session lows near 1.3250. GBP/USD fell sharply Wednesday after softer-than-expected UK inflation data and a hawkish Federal Reserve decision. The pair dropped 140 pips to a sessio
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