Mexican President Claudia Sheinbaum ruled out fracking in a key basin, citing danger to nearby water tables and indigenous communities — a move that highlights her political balancing act as the country strives to wean off US energy. Sheinbaum, a former engineer, has backtracked on her opposition to fracking, touting ...
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Fed’s Warsh balances political, market pressureFed’s Warsh balances political, market pressure
US Federal Reserve chair Kevin Warsh has kept lines of communication with President Donald Trump open since taking the role, underscoring the central banker’s balancing act between markets and the White House. Trump reportedly hasn’t pressured Warsh to lower interest rates, but sought his advice on the Iran war and ...
Kalshi banks on its predictions’ accuracyKalshi banks on its predictions’ accuracy
The Scoop Heading into last week’s Federal Reserve meeting, Wall Street’s favored betting parlor — the Fed funds futures market — put two-thirds odds that the central bank would hold rates steady. Over at Kalshi, the prediction market, the chances were as much as 10 points higher. They were both ...
Reading John Hersey’s ‘Hiroshima,’ 81 years onReading John Hersey’s ‘Hiroshima,’ 81 years on
by John Hersey. Eighty-one years ago Thursday, an atomic bomb exploded over Japan. One year later, The New Yorker handed its entire Aug 31, 1946 issue to one 31,000-word article telling the story of six people who survived. Hersey — reporting on a clerk, a tailor’s widow, two doctors, a ...
Deal to open Strait of Hormuz nears ‘final stages’Deal to open Strait of Hormuz nears ‘final stages’
US President Donald Trump said he wanted to make a deal to end the Iran war “because I don’t want to kill people.” Iran and Oman are in the “final stages” of an agreement on a commercial route through the Strait of Hormuz, Tehran said. But dysfunction at the top ...
Drone bomb allegedly linked to Russia found at German airportDrone bomb allegedly linked to Russia found at German airport
An explosives-laden drone was discovered at a German airport in one of Europe’s busiest freight terminals near Ukrainian cargo planes. “The initial evidence points firmly towards a Russian-orchestrated plot,” The Guardian’s security editor said, saying the episode marks “a dangerous escalation.” Though a faulty detonator prevented an explosion, the roughly ...
Americans turning to AI for financial advice but confidence low, poll showsAmericans turning to AI for financial advice but confidence low, poll shows
About 20% of Americans have recently used AI for financial advice, but their confidence in its expertise remains low. Fewer than one in three Americans have some or a great deal of confidence in the financial advice they get from AI, according to new polling by Gallup and Edward Jones ...
Republicans sense advantage in ‘target-rich’ MichiganRepublicans sense advantage in ‘target-rich’ Michigan
The News Senate Republicans needed good news. They think they got it in Michigan. The party sees its chances of keeping Senate control brightening after Abdul El-Sayed won the Democratic nomination to take on Mike Rogers, who came close to winning Michigan’s Senate race in 2024. Democrats are quickly coalescing ...
Pirro is still in trouble as Trump mulls her futurePirro is still in trouble as Trump mulls her future
President Donald Trump isn’t the only one frustrated with his US attorney for DC, Jeanine Pirro, over her handling of Reflecting Pool cases. Others inside the administration are raising concerns about her, Semafor is told, after a contentious Oval Office meeting in which Pirro defended her decision to drop charges ...
Crypto’s top legislative priority slips in SenateCrypto’s top legislative priority slips in Senate
The odds are growing longer that the Senate takes up the cryptocurrency industry’s top legislative priority before lawmakers head home for the summer. The industry needs a vote before November so it can deploy millions in political spending. But leaders have yet to line one up, as senators remain at ...