Kevin Warsh denied making a deal with Donald Trump on interest rates and said he wanted regime change at the central bank.
Traders on prediction market platform Kalshi anticipate elevated gas prices for an extended period due to renewed US-Iran strikes and uncertainty in the Strait of Hormuz. Odds for prices above $3.50 on election day have risen significantly.
A significant options trade in the Russell 2000 IWM ETF, involving a $20 million strangle, suggests small-cap stocks may lead the next market move. This comes as tech stocks show signs of slowing momentum, with the Russell 2000 outperforming the Nasdaq-100 this year.
Oil prices dropped Thursday as mediators worked to prevent escalation between the US and Iran. Brent crude futures fell to $75.78 and WTI to $71.57, after earlier gains driven by US strikes and Iranian retaliation. Analysts suggest a "new normal" of skirmishes rather than a full closure of the Strait of Hormuz.
England defender Jarell Quansah has received a two-match ban for a red card offense against Mexico. The ban, issued by FIFA's disciplinary committee for serious foul play, will see him miss the quarter-final and a potential semi-final.
Anthropic has appointed former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust. Bernanke will advise the AI company on how AI impacts the economy, aiming to ensure AI's long-term benefits outweigh its risks.
Palo Alto Networks CEO Nikesh Arora stated that AI token costs need to decrease by up to 90% to enable widespread adoption. He highlighted current costs as a major barrier for businesses, suggesting a 90% reduction within two years. This follows similar concerns raised by other tech leaders about the financial strain of AI implementation.
