Author: Admin

Former CEO of Barclays, Jes Staley, arrives at the High Court in London, United Kingdom, on March 14, 2025. Staley is challenging his ban from the UK finance sector over his ties to Jeffrey Epstein.Tayfun Salci | Anadolu | Getty ImagesJes Staley, the former JPMorgan Chase executive and ex-Barclays CEO, has agreed to be interviewed on about his relationship with notorious sex offender Jeffrey Epstein on July 23 by the House Oversight and Government Reform Committee, a spokesman for the panel confirmed Sunday.The Financial Times first reported that Staley accepted the invitation for a voluntary transcribed interview extended to him…

Less than four years after the collapse of FTX triggered calls for a sweeping crackdown, the crypto industry has emerged as one of the fastest-growing forces in American politics. It is spending millions across both parties, reshaping key elections, and transforming itself from a regulatory target into a powerful new political machine.In 2022, Washington’s dominant question about the crypto industry had little to do with the fine print of securities law. After FTX triggered a wave of congressional fury and handed Gary Gensler’s SEC a permission slip to pursue enforcement actions at scale, lawmakers on both sides of the political…

HBO’s ‘House of the Dragon,’ Hulu’s ‘The Bear’ and Apple’s ‘Cape Fear’ will try to compete with the World Cup

President Donald Trump said he’s making a “final determination” on a preliminary deal to extend a ceasefire with Iran although mixed messages from both sides over when an agreement might be struck continued to confuse the outlook for a breakthrough. Bloomberg News White House Correspondent Jeff Mason and Bloomberg Economics Lead Economic Statecraft, Lead Chris Kennedy joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)

While tech is still leading the party, more parts of the market are starting to join in.

May 2026 Alternative Scenarios at the Federal Reserve from 1968 to 2020: Data, Interpretation, and Evaluation Edward Herbst, Scott Konzem, and Cristina Scofield Abstract: We comprehensively document 1,265 Federal Reserve staff alternative scenarios presented to the Federal Open Market Committee in publicly released materials from 1968 to 2020. Scenarios grew in frequency and sophistication, typically spanning a range of outcomes around the baseline. We construct a taxonomy with six categories: aggregate demand, aggregate supply, external risks, financial conditions, fiscal policy, and expectation shifts. Staff qualitative risk assessments complemented the scenario composition. Comparing scenario forecasts to realized outcomes, the…

With its comfy sofas and a menu of gourmet treats including Béarnaise smash burgers and trendy Whispering Angel rosé wine at £47 a bottle, Everyman has thrived as the go-to chain for a luxury cinema trip.Yet a quarter of a century after reinventing the movie-going experience, growing from a single venue in Hampstead in London to a national player with 49 sites, the arthouse chain finds itself struggling as rivals ape its successful formula.Everyman issued a profit warning in early December, prompting rattled investors to wipe almost a fifth off its market value, and days later the company’s finance director…

Sarb hikes interest rates for first time in three years – Central Banking Skip to main content End of drawer navigation content MPC split, though governor says this was more about timing than direction of travel The South African Reserve Bank raised its policy rate by 25 basis points to 7% on May 28, marking its first rate hike since May 2023. Governor Lesetja Kganyago opened his statement by saying “hopes for a quick end to the Middle East crisis have faded”. He said South Africa’s growth forecasts for the next two years have been lowered, and the country now faces…

Businesses operating in the United Kingdom must now freeze assets and transactions connected to the sanctioned platforms. The UK has targeted 18 crypto platforms, banks, and financial networks used by the Kremlin-backed “A7” payment network to bypass international economic restrictions. The sanctioned entities are accused of processing more than $90 billion in 2025 to fund Russia’s invasion of Ukraine.  Crypto Platforms Linked to Illicit Russian Flows A TRM Labs report reveals that Huobi, Exmo Exchange, Bitpapa, and Rapira Group were some of the targeted exchanges, with Huobi alone sending more than $4.9 billion in on-chain transactions to UK-sanctioned entities…

Key PointsLast week, SpaceX successfully tested the launch capabilities of its Starship megarocket. It had been seven months since the last test launch, a delay caused by a variety of technical challenges, including the destruction of the rocket’s massive booster during a November test. Millions of eyes are now tracking SpaceX’s every move, given that the space stock is hoping to execute an IPO this summer, perhaps as early as next month. There are already several ways to buy into SpaceX today. But by far the easiest route will be to simply wait until shares trade on public markets.Will AI…