Fed chair nominee Kevin Warsh could crush Trump’s rate-cut hopes and risk suffering the same level of abuse that Powell got, analysts say
President Donald Trump’s pick to lead the Federal Reserve is just one vote on the rate-setting committee, potentially setting up Kevin Warsh for a no-win situation that will incur the…
Epstein files lead to resignation of top Slovakian official, while British prime minister calls on former prince to cooperate with U.S. authorities
The fallout comes just a day after the Justice Department began releasing a massive trove of files that offers more details about Epstein’s interactions with the rich and famous after…
Meet the first CEO of the IRS: A Jamie Dimon protege facing a $5 trillion test this tax season
Frank Bisignano’s cell phone lit up, and he recognized the caller. The president was on the line. On this morning in early October, the newly confirmed Social Security commissioner was…
BRICS could become a new pillar of global governance—if its rapid growth doesn’t erode its newfound clout
BRICS has come a long way since Goldman Sachs economist Jim O’Neill thought it up in 2001. As of January, it now comprises ten countries: the original five of Brazil,…
CEO of $1.25 billion AI company says he hires Gen Z because they’re ‘less biased’ than older generations—too much knowledge is actually bad, he warns
“My belief that coming out with a fresh mind, first principles, is important. That’s why young people are particularly helpful in tech, because they’re less biased,” he tells Fortune. “I…
Musk’s fantasy for a future where work is optional just got more real: UK minister calls for universal basic income to cushion AI-related job losses
He has said little else about what this vision of universal income would look like, but as AI gains momentum in the workplace, other global leaders are beginning to see…
Judge orders 5-year-old boy and his dad released from ICE detention, citing ‘incompetently-implemented government pursuit of daily deportation quotas’
The boy and his father, Adrian Conejo Arias, were detained in the Minneapolis suburb of Columbia Heights on Jan. 20. They were taken to a detention facility in Dilley, Texas.U.S.…
Nvidia CEO signals investment in OpenAI round may be largest yet
“We will invest a great deal of money,” Huang told reporters while visiting Taipei on Saturday. “I believe in OpenAI. The work that they do is incredible. They’re one of…
Hims and Hers Super Bowl ad highlights ‘uncomfortable truth’ about elite healthcare for the rich and ‘broken’ system for the rest
The New England Patriots and the Seattle Seahawks may not be facing off at the Super Bowl until next weekend, but the ads that many tune in for have started…
Trump thinks a weaker dollar is great, but the U.S. needs a stable currency as national debt heads toward $40 trillion, former Fed president says
President Donald Trump welcomed the dollar’s recent decline, but a former Federal Reserve president said the astronomical size of U.S. debt requires more stability for the currency. The U.S. dollar…
