Fighting Financial News

Subscribe to enjoy similar stories.For the last few years, Jerome Powell would walk past a portrait of Arthur Burns on his way to his office, addressing him silently.I’m not going to be you.Burns, the Fed chair under Richard Nixon, embodied two failures: He allowed inflation to get out of control, and he yielded to a president who wanted lower interest rates.Powell faced both hazards—inflation and presidential pressure—and more during his eight years as chair. The Fed won broad credit for its novel pandemic response, took a share of the blame for the high prices that followed and confounded predictions by bringing inflation down without a recession.

Subscribe to enjoy similar stories.Elon won.Well, technically, he didn’t. A jury on Monday sided with Sam Altman and OpenAI, and their arguments that the statute of limitations had run out for Elon Musk to bring his whole “stole-a-charity” claims against his former AI lab partner-turned-corporate rival.

Subscribe to enjoy similar stories.IF There has been a common narrative around artificial intelligence this year, it is that advances in the technology are shaking up the vast—and hitherto cosy—world of software. In order to keep this blitzkrieg going, the labs at the forefront of AI need to raise enormous amounts of money.

Subscribe to enjoy similar stories.By the time four thugs corner SHO Pawan Malik (Saif Ali Khan) in his home, Kartavya has been simmering for an hour and 15 minutes. Threats are made; Saif folds his arms and tells them to do their worst. I was ready for him to knock them out cold, but then something interesting happens.

Subscribe to enjoy similar stories.A man’s body, hands bound and covered by a blue tarp, lies by the side of the road where it had been dumped minutes earlier. A blood-soaked sign says he was a “Chapito,” a member of one of two criminal factions fighting for control of this city, the cradle of Mexico’s transnational narcotics industry.Such macabre finds are common in Culiacán—a city of luxury car dealerships, fancy malls, and makeshift fentanyl labs—marking the shifting lines of nearly two years of relentless civil war between the two main clans of the pioneering Sinaloa cartel.It’s a war that the Chapitos, the heirs of Mexican drug boss Joaquín “El Chapo” Guzmán, appear to be losing, casting doubt on the future of a dynasty that once ruled vast swaths of the criminal underworld on its way to becoming the world’s top producer and smuggler of fentanyl.The latest blow came last month with the U.S.

Subscribe to enjoy similar stories.Since the start of the West Asia war and the sharp 44% rise in crude oil prices, foreign portfolio investors (FPIs) have been steadily selling Indian shares, pushing total outflows in less than five months close to last year’s record level.FPIs have sold cash shares worth ₹2.28 trillion in calendar 2025 through 11 May — just ₹120 billion short of the record ₹2.4 trillion secondary market outflows seen in the whole of 2025, according to depository and exchange data.Of this, ₹1.85 trillion — over four-fifths of total outflows — came between March and 11 May alone, underscoring investor concerns about the impact of elevated crude on India’s macroeconomic fundamentals and corporate earnings if the war drags on.Recognizing the economic threat from sustained high oil prices, Prime Minister Narendra Modi reiterated an appeal to citizens to conserve fuel and curb gold purchases on Monday.The West Asia war, which began on 28 February, has lifted crude 44% to $104 a barrel as of 11 May.With India importing around 90% of its daily crude requirement of 5.5 million barrels, the oil shock threatens to widen the current account deficit.The pressure is visible in the currency markets.

Subscribe to enjoy similar stories.An employee comes forward with embarrassing workplace allegations fraught with legal risks. For company bosses, it presents a thorny dilemma: Fight or pay?It is a situation JPMorgan Chase found itself in weeks before a former banker filed a lawsuit filled with sensational accusations.

Subscribe to enjoy similar stories.The U.S. and Iran are locked in a diplomatic stalemate over issues that have bedeviled the two sides for years, as the conflict settles into a gray zone that is neither war nor peace.The cease-fire is entering its second month and, despite sporadic violence, has now lasted almost as long as the fighting which preceded it. There is little to indicate that either the U.S.

Subscribe to enjoy similar stories.Iran’s rulers have a problem as they attempt to negotiate an end to the war: Their new supreme leader is noticeably MIA and silent on the talks.U.S. and Iranian officials say Mojtaba Khamenei was severely injured in a February airstrike, which killed his wife, son and father, former Supreme Leader Ali Khamenei.

Subscribe to enjoy similar stories.DARIO AMODEI, the boss of Anthropic, says he is sorry. In his first interview since the Pentagon labelled the AI lab a supply-chain risk—the first American company to receive that designation—he offered a mea culpa for the way he handled a crisis that he described as one of the most “disorienting” in Anthropic’s history. Yet he also said he would challenge the Pentagon’s designation in court in order to avoid a “chilling” impact on Anthropic’s business.The Department of War’s designation has come as a heavy blow to Anthropic, one of America’s leading model-makers with a valuation of $380bn.

Subscribe to enjoy similar stories.China escalated its fight against the U.S. over Iranian oil, defying American sanctions in a show of resistance ahead of President Trump’s visit to Beijing planned for next week.Beijing has typically been wary of being seen to openly violate U.S. sanctions, even as privately run Chinese refiners, known as “teapots,” buy nearly every barrel of oil Iran exports.But China’s Commerce Ministry on Saturday told companies not to comply with the U.S.’s blacklisting of several Chinese refineries over alleged purchases of Iranian oil, invoking for the first time a 2021 “blocking rule” designed to counteract foreign laws it believes violate international norms or restrict trade.“It sends a broader message that China is willing and can resist what it views as unilateral and unfair sanctions that hurt Chinese interests,” said Dylan Loh, a professor at Singapore’s Nanyang Technological University who studies China’s foreign policy.The U.S.

Subscribe to enjoy similar stories.At his Senate confirmation hearing last week, Kevin Warsh told lawmakers that the Federal Reserve needed a serious shaking up, with “messier meetings” and “a good family fight” at an institution that has cultivated discipline and consensus.He may be getting all of that and more.On Wednesday afternoon, the man he’s set to replace as Fed chair, Jerome Powell, announced he wouldn’t be leaving right away. Three of Powell’s colleagues delivered a pointed warning that they are in no mood to cut rates anytime soon.Every Fed chair for the past 75 years has left the central bank when his or her successor took over.

Subscribe to enjoy similar stories.ISLAMABAD, Pakistan—President Trump scrapped a trip by U.S. envoys Steve Witkoff and Jared Kushner to Pakistan for talks with Iran, leaving himself tough choices over how to force Iran to make concessions the White House wants to strike a deal.Trump said on Saturday that he had decided to cancel the trip after receiving an offer from Iran that fell short of the White House’s expectations.

Subscribe to enjoy similar stories.The fight against Russia in Ukraine is now firmly Europe’s war.The European Union this week signed off on the equivalent of $105 billion in loans to keep Kyiv afloat through the end of next year—but officials warned that it may not be enough.With Russia determined to continue its four-year invasion until it dominates its neighbor, and President Trump pulling back from Europe and focused on the Middle East, Ukraine finds itself reliant on the traditionally gun-shy EU in its war for survival.The confirmation of the loan ahead of a summit in Cyprus on Thursday, long blocked by recently ousted Hungarian Prime Minister Viktor Orbán, marked a fresh sign of resolve and unity in the bloc.“For the first time in years there are no Russians in the room,” Polish Prime Minister Donald Tusk wrote on social media, an apparent reference to Orbán, who had warm ties with Moscow but stayed away from the EU summit after recently losing an election. “Huge relief,” Tusk added.The funding decision, which Orban cleared this week following his election defeat, comes at a critical moment for Ukraine, which needs the cash to sustain its economy and its military amid relentless Russian assaults as Moscow seeks to grab more land in its neighbor’s east.

Subscribe to enjoy similar stories.This week, we’re bringing you stories about the financial impact of divorce.Olivia Kelly grew up watching her mother make her pizza and chicken enchiladas. Then, in middle school, her parents got divorced, and the kitchen transformed into a small business.Her mother went from stay-at-home mom to working parent with a handful of side hustles. The home-cooked dinners became workweek to-go meals that friends and their nannies would buy for around $35 apiece.As Kelly’s mother changed, so did she.

Subscribe to enjoy similar stories.British Prime Minister Keir Starmer is again fighting for his political life this week, thanks to a scandal that’s becoming emblematic of Britain’s national dysfunction. Mr. Starmer’s woes boil down to a crisis of incompetence.Ostensibly the scandal concerns the vetting of a high-profile appointee—the long tail of the release in the U.S.

Subscribe to enjoy similar stories.On 17th April Seyed Abbas Araghchi, Iran’s foreign minister, declared that commercial passage through the Strait of Hormuz was “completely open”. Shortly afterwards Donald Trump, America’s president, echoed his words: the conduit was “completely open and ready for business”.

Subscribe to enjoy similar stories.George R.R. Martin offers an insightful verdict on leadership through Tywin Lannister of Game of Thrones. His grandson King Joffrey, seated on the Iron Throne, screams in frustration: “I am the King.

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. 28, lasts for only a few more weeks, falling gas prices will likely deliver an economic tailwind later this year. If the stress continues for months, however, economists will start to worry about a slowdown, or even a recession.President Trump in a prime-time speech Wednesday said he would achieve America’s military objectives “very shortly” and vowed to hit Iran “extremely hard over the next two to three weeks.” Equities markets closed little changed Thursday, while U.S. oil futures soared.The U.S.