Costco plans to pass on any tariff refunds to shoppers through lower prices, citing member-first policy amid ongoing trade uncertainty. Costco CEO Ron Vachris stated the company will return any tariff refunds to members via lower prices, aligning with its long-standing pol
Utilities report a 25x increase in data center interconnection requests, exposing grid vulnerabilities amid surging electricity demand projections. U.S. electricity demand is projected to grow 5.7% annually through 2030, a sharp rise from decades of sub-1% growth. Utilitie
Major exchanges flag Hyperliquid’s decentralized perpetual futures as potential tools for market abuse and sanctions evasion. CME Group and ICE have alerted U.S. regulators, including the CFTC and Capitol Hill officials, about risks tied to Hyperliquid’s decentralized perp
April manufacturing production surged 0.6%, exceeding forecasts, but supply risks from Middle East tensions cloud the outlook. U.S. manufacturing production climbed 0.6% in April, the strongest gain since February 2025, driven by motor vehicle output and AI-related technol
Stephen Miran’s departure leaves Kevin Warsh to navigate Fed’s slow-moving policy changes amid internal resistance. Federal Reserve Governor Stephen Miran will step down in the coming days, ending the shortest tenure in 71 years. Miran, 42, joined the board in September 20
Equities surge to new peaks as AI-driven momentum offsets concerns over inflation and Fed policy shifts. US equities reached fresh highs this week, defying escalating geopolitical tensions and renewed inflation pressures. The S&P 500 and Nasdaq extended gains, driven by st
Oil prices post strong gains after Trump's meeting with Xi Jinping Oil prices resumed their upward march after President Trump's meeting with China's Xi Jinping ended with few concrete agreements. The meeting's outcome and the president's comments on the Strait of
Federal Reserve Governor Stephen Miran submitted his resignation on Thursday, saying he will vacate his board seat when or shortly before incoming chair Kevin Warsh is sworn in. With no vacancies elsewhere on the seven-member board, Reuters noted that Warsh had nowhere to
China Foreign Minister Wang Yi, on ties with the U.S.: Teams on both sides are still working on details for outcomes on trade Encourages the U.S. and Iran to continue resolving their differences and disputes through talks Calls for reopening the Strait of Hormuz as soon as...
Beijing condemns a $11B U.S. arms sale to Taiwan ahead of high-stakes trade talks with Washington. The Trump-Xi summit began Thursday with global markets watching for signs of progress on U.S.-Iran tensions and trade disputes. However, Beijing prioritized Taiwan, condemnin
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