Trump Threatens to Fire Powell if He Stays on Fed Board After Chair Term Ends
President Donald Trump has intensified his confrontation with Federal Reserve Chair Jerome Powell by threatening to fire him if Powell does not also leave the Fed’s Board of Governors when his term as chair ends on May 15, 2026. Trump made the threat in a Fox Business interview, saying he had “held back” from firing […]
Lilly’s New Obesity Pill Wins Approval, but FDA Demands Extra Studies on Liver and Heart Risks
Eli Lilly’s newly approved weight-loss pill has cleared an important regulatory hurdle, but the U.S. Food and Drug Administration is requiring the company to carry out additional safety studies after launch, showing that regulators still want closer scrutiny of the medicine’s risks. Apparently, FDA asked Lilly for more data on possible liver injury linked to […]
Amazon Buys Globalstar in $11.57 Billion Deal to Strengthen Its Satellite Push Against Starlink
Amazon has agreed to acquire satellite company Globalstar in an $11.57 billion deal, a major move that strengthens its effort to challenge Elon Musk’s Starlink in the fast-growing market for satellite-based connectivity. The acquisition gives Amazon control of Globalstar’s direct-to-device satellite technology and adds its existing two dozen satellites to Amazon’s broader low-Earth-orbit network, which […]
Middle East Conflict Darkens IMF Forecast as Rising Oil Prices Raise Risk of a Global Downturn
The International Monetary Fund has lowered its global growth outlook and warned that the world economy is already drifting toward a more dangerous path as the war tied to Iran continues to disrupt energy markets. In a report, the IMF presented three scenarios for the global economy, all shaped by how long the conflict lasts […]
Earnings Season Will Test Whether Strong Profits Can Keep Wall Street Steady Despite War Risks
Wall Street is heading into a critical first-quarter earnings season that may determine whether the stock market can stay resilient despite the economic risks created by the war involving Iran. Investors are looking for proof that strong corporate profits can continue to support U.S. equities even as higher energy prices and geopolitical uncertainty threaten to […]
Bancus.io: The Rise of a Community-Driven Fintech Powerhouse Transforming Global Finance
In an era where fintech innovation is accelerating at an unprecedented pace, Bancus.io has emerged as one of the fastest-growing digital financial ecosystems in the world. With more than 112,000 users across 180 countries, Bancus is not merely building a platform—it is redefining how individuals interact with finance, community, and digital assets. At its core, […]
Chicago Bears Stadium Fight Shows Why Taxpayer-Funded Sports Deals Often Fail the Public
The fight over where the Chicago Bears should build a new stadium has become more than a regional sports story. Here is a case study in how economic policy often bends toward visible political wins rather than investments that deliver stronger long-term public benefits. The central point is that taxpayers are likely to lose no […]
Trump Administration Admits Major Error in New York Medicaid Fraud Accusations
The Trump administration has acknowledged a major error in the data it used to support a high-profile fraud investigation into New York’s Medicaid program, weakening one of its most visible recent anti-fraud cases and raising broader questions about the accuracy of similar reviews in other states. Federal officials admitted a key figure cited by Centers […]
A Shrinking Workforce Is Changing the U.S. Economy as Participation Falls to a Historic Low
One of the most important changes in the U.S. economy is not just slower hiring, but the growing number of people leaving the labor force altogether. The labor-force participation rate fell to 61.9% in March 2026, the lowest level since 1977 outside the pandemic period. That measure tracks the share of Americans who are either […]
DHS Warns It Could Halt International Traveler Processing at Airports in Sanctuary Cities
The Trump administration is considering a move that could severely disrupt international air travel in some of the country’s biggest metropolitan areas: stopping customs processing for international travelers at airports located in so-called sanctuary cities. Homeland Security Secretary Markwayne Mullin said the idea is under consideration as part of the administration’s response to cities and […]
