Jamie Dimon highlights underfunded defense industrial base and urges private capital to address critical supply chain vulnerabilities. JPMorgan Chase CEO Jamie Dimon warned in his 2025 shareholder letter that the U.S. has fallen behind in defense readiness, citing underfun
The move follows Western allegations targeting companies suspected of bypassing EU and US restrictions on Moscow trade. Kyrgyzstan has suspended operations at 50 companies accused of facilitating Russia’s evasion of Western sanctions. The decision follows reports from the
Escalating military risks in the Strait of Hormuz lift crude above $100, pushing US gasoline to a four-year high ahead of Memorial Day. Oil prices surged above $100 per barrel as military tensions with Iran intensified, driving the national average gasoline price to $4.53
Crypto exchange denies allegations of processing illicit Iranian funds despite internal compliance alerts and prior regulatory penalties. Binance denied a Wall Street Journal report alleging $850M in transactions linked to Iran, including accounts flagged by internal compl
UBS raises Warner Bros. Discovery price target to $31 Warner Bros. Discovery, Inc. saw its price target lifted by UBS to $31 from $30. The company reported $8.9 billion in total revenues for Q1 2026. The revenue reflects a 3% ex-FX decrease from the prior year quart
Prediction market operator Kalshi forms advocacy group to influence policy as lawmakers scrutinize insider trading risks in markets. Kalshi has launched Americans for Fair Markets (AFM), a lobbying group aimed at shaping legislation around prediction markets. The move foll
Crypto executives, policy researchers, and national security experts testified before a House subcommittee on Thursday on how to modernize anti-money laundering laws for an era of AI and digital assets. The House Financial Services Committee's National Security, Illicit Fi
Kevin Warsh’s appointment as Fed chair signals potential balance sheet reduction and policy shifts, challenging market expectations of continued easing. Kevin Warsh was sworn in as Federal Reserve chair on Friday, marking the first such ceremony at the White House since 19
Freddie Mac reports a 15-basis-point weekly rise in the benchmark mortgage rate, pressuring homebuyer affordability during peak season. The average 30-year fixed mortgage rate in the US rose to 6.51% this week, up from 6.36% last week, reaching its highest level since Augu
If it seems like everything is expensive these days, it might not be just because of inflation. When tariffs were raised, those costs were either passed onto consumers or companies And now that some of the tariffs from the past year have been deemed unconstituitiona
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