Forbes top editor Randall Lane was dismissed last month after reportedly accepting a $6m payment from RJ Shook, founder of wealth adviser ranking partner Shook Research. Lane admitted to a serious error in judgment for failing to disclose the payment.
AI financial advisers react drastically to slight prompt phrasing changes, altering asset allocations like Bitcoin without changes in client risk profiles, raising auditing challenges for banks.
Carlos Cordeiro resigned as Gianni Infantino's senior adviser at FIFA, protesting a proposal to sell a World Cup stake, calling it "a bad deal for football." This adds to pressure on Infantino, who faces united opposition from major confederations like UEFA, Concacaf, and AFC, threatening his leadership.
Yemen's government alleges Houthi rebels, aided by Iran's IRGC, plan to impose transit fees on ships using the Bab el-Mandeb strait, a critical oil shipping route, in a move to fund military activities, echoing Iran's blockade of the Strait of Hormuz.
A senior UK government official announces 'No 10 North', a new initiative based in Manchester, aimed at decentralizing political and economic power, driving reindustrialisation, and fostering bottom-up growth across all UK regions to achieve equivalent living standards.
The BBC is demanding Donald Trump's personal text messages and financial data from roughly 400 companies as part of a £10bn defamation lawsuit. The suit stems from a Panorama documentary that Trump claims falsely implied he incited the January 6 Capitol riot.
FDA advisers are meeting for two days to review evidence for seven experimental peptide therapies, including TB-500, BPC-157, and MOTs-C, to determine if they can be compounded by specialized pharmacies despite FDA scientists' recommendations against approval due to limited human data.
The FDA's Pharmacy Compounding Advisory Committee meets Thursday for two days to recommend on allowing compounding pharmacies to make popular injectable peptides like TB-500 and BPC-157. This decision is critical amidst safety concerns, lack of large-scale human trials, and industry pressure to lift current restrictions.
President Donald Trump claims his billion-dollar financial windfall is due to unnamed advisers and a rising stock market, denying deliberate profit from his presidency. However, Office of Government Ethics disclosures reveal over $1.1 billion from two crypto ventures, contradicting his claims and showing a shift in his crypto stance after campaign contributions and policy changes.
Dr. Bill Kirkup, an expert adviser, resigned from Valerie Amos's UK maternity care inquiry, alleging she removed criticism of "normal birth ideology" from the final report, raising patient safety concerns. Amos's report found the ideology not widespread, while NHS England announced a 24/7 triage service for all maternity units.
With inflation exceeding 4% and new Fed Chairman Kevin Warsh in place, the Trump administration has softened its immediate calls for interest rate cuts. While President Trump still desires lower rates, his economic advisors now suggest a "hold-steady case" for the Fed, influenced by elevated energy prices from the Iran conflict and confidence in Warsh's independence.
A CoinShares survey reveals 52% of UK financial advisers are unaware of most clients' crypto holdings due to firm policies. This "invisible" capital poses a "wrong-way risk," according to CoinShares CEO Jean-Marie Mognetti, as UK regulators consider new crypto rules.
A CoinShares survey reveals 52% of UK financial advisers lack visibility into the majority of their clients' crypto holdings, hindering advice and risk management. Firm policies, not client unwillingness, are cited as the primary barrier.
Olly Robbins, the former Foreign Office chief sacked over the Peter Mandelson vetting scandal, is in early talks with Andy Burnham's team for a security-related role, potentially national security adviser, under the likely new prime minister. His controversial return follows his dismissal by Keir Starmer for overturning a security clearance denial for Mandelson, who had links to Jeffrey Epstein and foreign powers.
National Security Adviser Ajit Doval met Iran's Deputy Secretary for Defence Affairs Ghadir Nezamipour in New Delhi. Discussions focused on the Middle East security situation, BRICS cooperation, and bilateral ties, held on the sidelines of the 16th BRICS National Security Advisers’ Meeting.
President Trump threatened to "take over" Iran if the Strait of Hormuz was not immediately reopened, telling Fox News he warned Iranian officials directly. This comes amid a shaky U.S.-Iran ceasefire and continued Israeli assault in Lebanon.
Donald Trump told Fox News he threatened to "take over" Iran if the Strait of Hormuz was not immediately re-opened. The threat came after Iran announced it would close the waterway in response to Israeli actions in Lebanon.
Despite historical efforts, including Obama's administration, to curb income inequality, the US shows a persistent disinterest in redistribution. Factors like public aversion to taxes and wealth accumulation strategies by the ultra-rich contribute to widening disparities, potentially exacerbated by AI.
Brics national security advisers from China, Russia, and Iran will meet in New Delhi on June 23 to discuss counter-terrorism and transnational threats. This marks Iran's first major international engagement since the US peace deal and follows recent UAE-Iran understandings, potentially aiding consensus for the upcoming Brics Summit.
Andy Burnham's Makerfield by-election win positions him as a strong contender for Labour leadership. Potential key roles in a future government are highlighted for allies like Louise Haigh, Anneliese Midgley, Miatta Fahnbulleh, Josh Simons, Kate Green, Kevin Lee, Lucy Powell, Ed Miliband, Heidi Alexander, Neal Lawson, Lord O'Neill, and Richard Hughes.
Reform UK politicians, including Nigel Farage, and a British crypto billionaire are set to attend the Alliance for Responsible Citizenship (Arc) summit in London. The event, dubbed an "anti-woke Davos," will host 4,000 attendees from over 85 countries, featuring speakers like US Undersecretary of State Sarah B Rogers and Conservative leader Kemi Badenoch.
The Alliance for Responsible Citizenship (Arc) summit in London will host politicians, advisors, and figures from across the populist right, including Reform UK MPs, a crypto billionaire, and Eton College masters. The event, dubbed an "anti-woke Davos," will feature discussions on climate skepticism, Christian evangelical thinking, and US culture-war politics.
Wealth managers for tech's high-net-worth individuals report increased activity, with clients anticipating liquidity events from companies like SpaceX, OpenAI, and Anthropic. Advisors focus on 'core wealth' planning, tax minimization strategies, and navigating post-IPO lock-up periods, while clients also explore family offices and philanthropy.
US health advisers are reviewing Moderna's new mRNA flu vaccine, mFlusiva, for individuals 50 and older. The vaccine, similar to those used for COVID-19, showed a 27% reduction in flu cases in a study. The FDA is assessing its safety and efficacy, with a decision expected before the winter flu season.
