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Alarming Supply-Chain Stress Sends Transport Cost Soaring, Fueling Inflation Fears
Alarming Supply-Chain Stress Sends Transport Cost Soaring, Fueling Inflation Fears
Nearly three weeks ago, UBS analyst Pierre Lafourcade reactivated his desk's supply-chain watch coverage after stress across global supply chains was "rising at its fastest pace since the early pandemic." That warning is now increasingly getting louder by the week, with ongoing disruptions around the Hormuz chokepoint and the resulting energy supply shock, pushing up input, freight, and other logistics costs across the global economy.
Weeks after Lafourcade's warning, which can be read here, the May 2026 Logistics Managers' Index Report...
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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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Apr 13, 2026 / Tyler Durden
Virginia Governor Signs Law Banning 'Ghost Guns'
Virginia Governor Signs Law Banning 'Ghost Guns'
Authored by Michael Clements via The Epoch Times,
Virginia Gov. Abigail Spanberger signed a bill to ban so-called “ghost guns,” another making it easier to sue gunmakers and sellers, and two other bills concerning possession of firearms by persons under court orders.
The bills - signed on April 10 - are among more than two dozen gun control and gun safety bills that the Virginia General Assembly sent to Spanberger after its regular session ended on March 24.
“Preventing gun violence is an issue of public...
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