President Donald J. Trump and First Lady Melania Trump greet President Xi Jinping of China and Madame Peng Liyuan upon their arrival in Washington, D.C., ahead of the state visit at the White House.
"This bond of commerce and respect that stretches back 250 years is the foundation for a future that benefits both of our nations." - President Donald J. Trump 🇺🇸🤝🇨🇳
Today is Jerome Powell's last day as Chairman of the United States 🇺🇸 Fed.
An 8 year run. A pandemic.
The highest inflation in 40 years.
Constant political pressure from the White House.
Powell defended Fed independence until the very last day.
Kevin Warsh inherits the chair tomorrow.
The game changes now.
BREAKING:
The new Fed Chair just signaled a major shift.
Kevin Warsh says QE is fueling inflation.
The Fed's massive balance sheet is part of the problem.
"The Fed should exit markets outside of crises."
This is not Powell talking.
This is a completely different philosophy.
Powell printed. Warsh wants to stop.
Powell expanded the balance sheet. Warsh wants to shrink it. $6,700,000,000,000 in Fed assets.
Warsh just told you that number needs to come down.
- Less liquidity.
- Higher rates for longer.
- Risk assets reprice.
The market has been betting on easy money.
The new Fed Chair just bet against it.
Everything changes on today.
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🤖🇨🇳 Bro decided to do a little dancing during the Beijing Robot Half Marathon
Then he started showing off his Taekwondo moves
Well, if the audience is asking...
It’s interesting how differently Chinese and Japanese netizens react to each other’s tech progress.
Chinese users in general tend to notice Japan’s real advances and openly discuss what they can learn from them. Chinese netizens don’t hide their robots’ mistakes at the Beijing half-marathon — they’re busy sharing funny videos, laughing at the fails, and eagerly analyzing how to fix them and push robotics even further.
On the Japanese side, social media often highlights every minor glitch—like one robot falls at Beijing’s humanoid marathon—turning them into punchlines, even as China leads in robotics.
Mocking shortcomings while overlooking strengths might feel good in the moment, but it’s a sure way to fall further behind over time.
A new phase of digital finance is taking shape, says Executive Board member Piero Cipollone.
We aim to achieve an integrated European market for digital assets, with safe central bank money as the backbone of the system https://t.co/R8eRgneEQT
The owner of the S&P 500 index is licensing the world’s most tracked stock index for the launch of a derivative contract that trades around the clock on the crypto exchange Hyperliquid, per WSJ