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Evening digest: Trump displeased with Iran talks, jolts EU with auto tariffs

Evening digest: Trump displeased with Iran talks, jolts EU with auto tariffs

President Donald Trump expressed dissatisfaction with ongoing Iran negotiations, while also announcing plans to raise tariffs on EU auto imports to 25%. Oil prices eased amid renewed diplomatic

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May 2, 2026
Will Powell’s move limit White House influence over the Fed?

Will Powell’s move limit White House influence over the Fed?

Federal Reserve Chair Jerome H. Powell has capped his eight-year tenure with one of the most contentious policy moments in decades, underscoring deep divisions within the central bank.

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May 2, 2026
Thermos recalls 8.2 million bottles after stoppers eject, causing injury and reported vision loss

Thermos recalls 8.2 million bottles after stoppers eject, causing injury and reported vision loss

Thermos is recalling 8.2 million containers after consumers suffered laceration injuries — and in some cases reported permanent vision loss — when stoppers forcefully ejected from the products

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May 2, 2026
The Onion’s bid to take over Alex Jones’ Infowars is in limbo as new court battles emerge

The Onion’s bid to take over Alex Jones’ Infowars is in limbo as new court battles emerge

AUSTIN, Texas — The Onion’s plan to take over the Infowars platforms that Alex Jones built into a bullhorn of conspiracy theories and turn them into parody sites

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May 2, 2026
Yen carry trade cracks are showing, and Wall Street isn’t ready

Yen carry trade cracks are showing, and Wall Street isn’t ready

On Thursday, USD/JPY crashed over 500 pips in a matter of hours. Japan’s Ministry of Finance confirmed it had bought yen and sold dollars — its first such

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May 1, 2026
UK house prices defy forecasts, climb amid economic concerns

UK house prices defy forecasts, climb amid economic concerns

British house prices unexpectedly increased in April, even as consumer confidence weakened amid rising geopolitical tensions, according to a report by Nationwide Building Society . House prices rose

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May 1, 2026
US inflation hits 3.5%, highest in 2 years, dimming Fed rate-cut hopes

US inflation hits 3.5%, highest in 2 years, dimming Fed rate-cut hopes

US consumers faced renewed inflationary pressure in March as rising oil prices linked to the Iran conflict pushed costs higher, complicating the policy path for the Federal Reserve.

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Apr 30, 2026
US, China hold ‘constructive’ trade talks ahead of Trump-Xi Summit

US, China hold ‘constructive’ trade talks ahead of Trump-Xi Summit

Senior officials from the United States and China held what Beijing described as “candid, in-depth and constructive” discussions on trade and economic issues. Both sides seek to stabilise

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Apr 30, 2026
Trump holds meeting with Chevron, energy leaders to discuss oil supply

Trump holds meeting with Chevron, energy leaders to discuss oil supply

US President Donald Trump met top officials from Chevron and other energy companies on Tuesday. The meeting focused on US oil production, oil futures, shipping, and natural gas,

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Apr 29, 2026
Warsh clears key Senate vote, setting stage for Fed leadership shift

Warsh clears key Senate vote, setting stage for Fed leadership shift

The nomination of Kevin Warsh to lead the Federal Reserve advanced on Wednesday after the Senate Banking Committee approved his candidacy in a sharply divided vote, paving the

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Apr 29, 2026

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