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Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump’s escalating attacks on the Federal Reserve have rattled financial markets, with investors increasingly concerned about risks to the central bank’s independence and long-term ability to fight inflation. The US dollar, a … Read more
Welcome to Eye on AI! In this edition…xAI releases Grok 4 amid backlash over antisemitic posts…Perplexity launches AI browser to take on Google—starting with its power users…OpenAI is reportedly gearing up to launch its own web browser. An audio deepfake impersonating Secretary of State Marco Rubio contacted foreign ministers, a U.S. governor, and a member … Read more
A cargo ship cruises toward the Strait of Hormuz off the shores of Khasab in Oman on Jan. 15, 2011. Marwan Naamani | Afp | Getty Images BEIJING — The recent flare-up in Middle East tensions isn’t denting Chinese business optimism about opportunities in the region. Chinese shipments to Dubai’s logistics hub have risen by … Read more
Stock futures pointed lower on Sunday as investors weighed the impact of the escalating Israel-Iran conflict that shows no signs of any potential off-ramps ahead. Oil prices jumped after Israel attack key areas of Iran’s energy infrastructure over the weekend, while Tehran said closing off the Strait of Hormuz was under serious consideration. Fed policymakers … Read more
U.S. stocks are down as the deadly Israeli strike against Iran ignites fears of a regional war in the Middle East. Major U.S. stock indices fell Friday, June 13, as fears of a regional war fueled risk-off sentiment. The Dow Jones Industrial Average dropped 525.80 points, or 1.22%, with nearly all major stocks trading in … Read more
Should we sell before the weekend? Bitcoin stumbled to $103,900 before rebounding to $105,000 as news broke of Israeli airstrikes hitting Iranian nuclear and missile facilities, including those in Tehran. The escalation marks one of the most direct confrontations in years. Prime Minister Netanyahu declared that the strikes won’t stop “until Iran’s nuclear ambitions are … Read more
Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, in 2018. Simon Dawson | Bloomberg | Getty Images U.S. crude oil futures rose more than 4% Wednesday as tensions escalated between the U.S. and Iran, with President Donald Trump expressing doubt that … Read more
President Donald Trump’s new ban on travel to the U.S. by citizens from 12 mainly African and Middle Eastern countries is set to take effect Monday amid escalating tension over the president’s unprecedented campaign of immigration enforcement. The new proclamation, which Trump signed on Wednesday, applies to citizens of Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, … Read more
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Former Harvard University President Larry Summers assailed President Donald Trump over his deepening attacks on the school, slamming a “wildly extralegal” federal funding freeze earlier this week and warning of government “tyranny.” “This is not an isolated thing, what’s being done to Harvard,” Summers said in an interview Wednesday with Bloomberg Television. “This is part … Read more
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