Author: Leslie Stewart

Former US Federal Reserve Board member Kevin Warsh spoke with CNBC on July 17, 2025.CNBCWhen Kevin Warsh becomes Federal Reserve chairman, he could face a buzzsaw: Hobson’s choice between fighting inflation and protecting the labor market.The Fed has a duty to support the sometimes contradictory dual mandate of price stability and full employment.There are basically three ways to do this. They can either raise interest rates to suppress demand and fight inflation, lower them to support economic growth and employment, or, best of all, keep interest rates where they are to maintain a balance between the two.But the deteriorating economic…

A Citgo gas station stands in Boston, Massachusetts, USA on January 6, 2026.brian snyder reuterMotorists are watching gasoline prices hit the highest in more than a year and a half as the war between the United States and Iran disrupts global oil trade.The average price of a gallon of unleaded gasoline in the U.S. rose to about $3.54 a gallon on Tuesday, according to AAA. This is the highest level since mid-2024 and represents a 21% increase from the previous month.Gasoline prices began to soar last week after the U.S. and Israeli attacks on Iran and the ensuing conflict crippled…

IE11 is not supported. For the best experience, please visit our site in a different browser.Woman reunited with missing dog for the first time in 4 years00:19Currently playingPrime Minister Netanyahu says there is ‘more to come’ on Iran00:27to the nextAustralia grants asylum to 5 Iranian soccer players00:50AI giant Anthropic sues Trump administration00:3223 people rescued from broken ice shelf in Canada00:18Who is Iran’s new supreme leader?01:40Alexander brothers convicted of sex trafficking00:16President Trump claims Iran has Tomahawk missiles, no evidence01:41How will lower interest rates affect inflation?00:58President Trump threatens further attacks if Iran cuts off global oil supplies00:58Iran hits back at Israel on…

DORAL, Fla. — President Donald Trump on Monday described the Iran war as “short” and “a quick jaunt,” suggesting the 10-day conflict that has roiled the Middle East may be nearing an end.President Trump made the remarks in a speech to House Republicans and donors at his namesake resort outside Miami. Republican lawmakers will meet over the next three days to discuss legislative challenges and campaign strategies ahead of November’s midterm elections, which were upended by the Iran war.”This was just a jaunt into what needed to be done, and we’re very close to finishing it,” Trump said.His appearance before…

A driver refuels a vehicle at a Wawa gas station on Monday, March 2, 2026 in Media, Pennsylvania, United States.Matthew Hatcher | Bloomberg | Getty ImagesThe threat of stagflation looms over the U.S. economy and financial markets again as oil prices soar to $100 a barrel, effectively paralyzing the job market.Stimulus measures such as interest rate cuts and government spending only worsen inflation, making high inflation and low growth a dual threat. If prices remain high, they could put a damper on not only the labor market but also consumer spending, which drives more than two-thirds of the U.S. economy.”I…

Disclosure: The views and opinions expressed herein belong solely to the authors and do not represent the views and opinions of crypto.news editorials. The energy transition is accelerating. Rooftop solar power generation is expanding. Batteries are rapidly increasing. Electric cars are becoming mainstream. Virtual power plants aggregate distributed resources into grid-enabled portfolios. But underlying this progress lies a structural weakness that few people are talking about. It’s about trying to run a real-time energy system on lagging fiscal rails. summary Energy moves fast, money doesn’t. Participation in decentralized energy and EVs is increasing, but payments are delayed by days or…

Mojtaba Khamenei has been named Iran’s new supreme leader, just over a week after his father, Supreme Leader Khamenei, was killed in a US and Israeli attack.A statement from the Council of Experts (a committee of Shiite clerics responsible for selecting the country’s supreme leader under Iranian law) announced that Mojtaba Khamenei has been elected as the Islamic Republic’s third leader, IRIB state television and Fars, Tasnim and ISNA news agencies reported.President Donald Trump told Axios last week that the choice was “unacceptable” and indicated he wanted to handpick a new supreme leader, a process typically overseen by Iran’s clerics.…

After Anthropic strongly suggested changing Steinberger’s name to avoid legal issues, the project kept its lobster-themed tradition and was eventually named OpenClaw. The software’s popularity has skyrocketed in recent months, with several ClawCon attendees who started using the software in January calling themselves “veterans.”This software acts as a bridge between today’s powerful AI systems, such as Claude and OpenAI’s GPT family of models, and the real-world tasks that people actually want AI systems to perform.After setting up their own OpenClaw agent on a physical computer or through a virtual provider, users can send it a text or WhatsApp message and…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingUS attack turns sky above Tehran ‘orange’03:47to the nextLebanese authorities say thousands of people have been evacuated following Israeli evacuation order04:54U.S. crude oil prices rise to record weekly price02:07One week into the Iran war: Will US troops be on the ground?01:35Russia is providing Iran with information on US military locations01:59Iranian president rejects Trump’s demand for ‘unconditional surrender’02:25on the front lines of lebanon01:42Source: Deadly attack on Iranian school likely caused by US munitions02:03Oil prices soar at record pace01:43U.S. gas prices rise by more than 33…

Canadians perform an “elbows up” protest against U.S. tariffs and other policies by U.S. President Donald Trump at Nathan Phillips Square in Toronto, Ontario, Canada, on March 22, 2025.Carlos Osorio | ReutersFor Lisa McBean, buying American-made snacks and traveling to America came naturally. For Ontario residents, this changed starting in early 2025.Since then, the 54-year-old has started checking to see if products are made in Canada before buying them at the grocery store. McBean canceled multiple trips to the United States for concerts. Cross-border shopping was once common, but not anymore.The reason is that US President Donald Trump has repeatedly…