A 212-212 tie vote blocks legislation to limit Trump's Iran war authority amid rising costs and GOP defections. The US House of Representatives failed to pass a bill restricting President Trump’s war powers over Iran, ending in a 212-212 tie. Three Republicans defected to
EU officials cite China’s manufacturing overcapacity and falling exports as key drivers of the bloc’s growing trade imbalance. The EU’s trade deficit with China has expanded significantly, driven by a tenfold increase in auto imports from China since 2019. EU vehicle expor
Disclosure forms reveal broad ranges of transactions in major U.S. equities and bonds during the first quarter of 2026. Former President Donald Trump disclosed financial transactions totaling between $220 million and $750 million in the first three months of 2026. The fili
Miran’s departure leaves a vacancy on the Fed board as Warsh prepares to take over with a potential shift in monetary policy direction. Federal Reserve Governor Stephen Miran resigned Thursday, effective upon Kevin Warsh’s confirmation as the new Fed chair. Miran, who join
UFC President Dana White’s letter to Trump spiked odds of reversing a 90% gambling loss deduction cap to 37% before settling at 29%. UFC President Dana White urged President Donald Trump to reverse a 90% cap on gambling loss deductions in the 2017 tax law. The provision li
Beijing’s yuan internationalization efforts and potential trade-offs with Washington could reshape global markets and supply chains. US and Chinese officials are set to discuss trade, technology restrictions, and geopolitical tensions in high-stakes talks this week. Presid
Kevin Warsh Is the New Fed Chair and Rates May Not Drop This Year. Here's What That Means for Your Portfolio The Trump administration faced its fair share of obstacles in getting Kevin Warsh approved as the new chair of the Federal Reserve, but they have officially
THE GIST Watches of Switzerland just proved that while the rest of the luxury world is crying into its champagne, the demand for a "Registration of Interest" Rolex is still off the charts. The group reported a record €1.8 billion (about $2.1 billion) in revenue for the 202
Teekay Tankers reported Q1 net income of $154 million, driven by near-record spot tanker rates averaging $61,000 per day. Teekay Tankers (TNK) reported first-quarter GAAP net income of $154 million, or $4.42 per share, up from $3.69 per share on an adjusted basis. The resu
For most of the last century, the world's economic pecking order was decided by who controlled barrels of oil. That's still true today, as the ongoing Iran war is showing in painful ways at the gas pump But a second, quieter contest is unfolding alongside it, and th
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