Fed Chair Pick Warsh Approved By Key Senate Committee Along Party Lines

Hormuz In The Rearview As Asia-US Ocean Container Rates Soar Past $7,900 By Stuart Chirls of AmericanShipper The container shipping market is being driven by geopolitics, rates, and network reshuffling, but freight-rate volatility and adjustments by carriers to protect schedules and pricing has supplanted Middle East disruptions as top-level concerns. Asia-U.S. West Coast prices increased 8% to $6,175 per forty foot equivalent unit (FEU), according to Freightos, a data contributor to SONAR ocean market data. Prices for Asia-U.S. East Coast transportation also rose 8%, to $7,998 per FEU. SONAR‘s Ocean Supply/Demand Index reflects the...

"Taiwan Loses Its Strategic Importance In 18 Months," Says Chamath Palihapitiya In an interview with Fox News' Bret Baier that aired Friday, President Trump said that he doesn't want "to travel 9,500 miles to fight a war" over Taiwan. "I'm not looking to have somebody to go independent and, you know, we're supposed to travel 9,500 miles to fight a war," Trump told Baier. "I'm not looking for that. I want them to cool down. I want China to cool down." Taiwan has been a major point of friction between Washington and...

Paramount Threatens California Exit That Could Cost State Billions Paramount could pull nearly 58,000 jobs and $21 billion in annual economic activity out of California if the company follows through on a threat to relocate its headquarters and operations amid an antitrust fight over its acquisition of Warner Bros. Discovery, according to a preliminary economic analysis from the Los Angeles County Economic Development Corp.'s (LAEDC) Institute for Applied Economics, which was obtained by Politico. If no resolution is achieved, Paramount has threatened to begin moving its headquarters and thousands of jobs...