Kevin Warsh was sworn in as the 17th Federal Reserve chair, succeeding Jerome Powell, with the ceremony held at the White House. The Senate confirmed Warsh narrowly, and he pledged to lead a reform-oriented Fed focused on price stability and employment without political interference. Bitcoin held steady near $77,400 as markets had anticipated the leadership change ahead of Warsh's first FOMC meeting in June. Warsh is noted as the most crypto-literate Fed chair, but his stance on shrinking the Fed's balance sheet may tighten liquidity, posing challenges for risk assets like crypto amid persistent inflation and high oil prices.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
