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Senate Confirms Kevin Warsh As Fed Chair In Most Partisan Vote Ever
Senate Confirms Kevin Warsh As Fed Chair In Most Partisan Vote Ever
Update: In a largely party-line vote, the U.S. Senate on Wednesday confirmed President Donald Trump’s nominee Kevin Warsh to a 14-year term as the next Chair of the Federal Reserve, succeeding Jerome Powell whose term as chair ends this Friday.
The 54-45 vote was the slimmest confirmation margin ever for a head of a central bank, reflecting fears that he'll be Trump's puppet.
Trump has made no secret that he expects rates to lower under Warsh after repeatedly slamming Powell for monetary policy Trump feels is...
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Mar 13, 2026 / Tyler Durden
US Issues $10M Bounty For Location Info On Mojtaba Khamenei & Ali Larijani
US Issues $10M Bounty For Location Info On Mojtaba Khamenei & Ali Larijani
The US Department of State's Rewards for Justice program has newly issued a $10 million reward for information on the whereabouts of Iranian Supreme leader Ayatollah Mojtaba Khamenei and Secretary of the Supreme National Security Council Ali Larijani.
The alert calls for information on the two "Iranian terrorist leaders" at a moment of ongoing heavy bombardment of Iran by the US and Israel. Interestingly the State Department said that informants could make people eligible for "relocation". The Pentagon on...
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Apr 8, 2026 / Tyler Durden
"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs
"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs
With market focused on private credit as the next credit market crisis vortex, many have forgotten that CMBS, the asset class that was smashed in the aftermath of covid as hundreds of office buildings were suddenly left vacant, has been teetering on the edge for years. For some, it proved to be a lucrative bet as the "next big short" after various office-heavy CMBX tranches collapsed in 2020 and 2021. But due to the slow-burning nature of commercial real-estate...
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Jul 13, 2026 / Jason Ditz
Destruction Continues in South Lebanon as Israel Again Stalls on Drawdown
Demolitions and shelling continue apace against southern Lebanon as Israeli occupation forces continue to show no signs of withdrawing, and officials suggested that the token pullbacks agreed to during the most recent “peace deal” are simply not going to happen. The “pilot zone” pullbacks were never meant to be more than a symbolic move to […]
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