Tech Leads Again as Nvidia Goes to China: Stock Market Today The Magnificent 7 and other mega-cap stocks are making the Middle East seem like a geopolitical and macroeconomic backwater. Kiplinger · May 13
US stocks today: Chip stocks lift Nasdaq, S&P to record closing highs; hot inflation kills rate-cut hopes US stocks advanced with the S&P 500 and Nasdaq hitting record closing highs as AI-linked tech and chip stocks powered gains despite hotter inflation data. Producer prices surged, reinforcing expectations of prolonged Fed tightening. Markets also tracked Trump-Xi talks and rising geopolitical risks, while Morgan Stanley lifted its S&P target. The Economic Times · May 13
Trump ally Kevin Warsh confirmed as next US Federal reserve chair after tight Senate vote Kevin Warsh has been confirmed as the next chair of the US Federal Reserve after the Senate approved President Donald Trump’s nominee in a narrow 54-45 vote. The Times of India · May 13
Senate fails to curb Trump’s war on Iran even as Republican opposition grows Resolution fails by 49-50, with Lisa Murkowski and fellow GOP members Rand Paul and Susan Collins voting in favor The Guardian - US · May 13
JD Vance jokes there’s no ‘Apprentice’-like race to replace Trump after he’s asked about Marco Rubio The vice president also insisted Trump didn't tell reporters a day earlier that he doesn't 'care about Americans' financial situation' relative to the Iran war The Independent UK · May 13
Crowns, carriages and plumes: As King Charles takes centre stage in UK political drama, here’s the view from the US The crisis at the top of the UK Government has not gone unnoticed among US audiences The Independent UK · May 13
'Open for business'? A lot on plate as Trump, Xi meet in Beijing President Donald Trump has arrived in Beijing for a significant summit with China's Xi Jinping. He aims to open Chinese markets to American businesses and secure economic gains. Trump is accompanied by prominent CEOs, including those from Nvidia and Tesla. The visit also addresses sensitive topics like the Iran war… The Economic Times · May 13
Senate confirms Trump’s Fed chair nominee Kevin Warsh as Powell’s replacement IN FULL The Independent UK · May 13
Warsh clinches Senate approval to be Fed's next chair as inflation intensifies In a pivotal moment for the economy, the US Senate has officially confirmed Kevin Warsh as the chair of the Federal Reserve, just as inflation escalates. With President Donald Trump advocating for reduced interest rates, Warsh's leadership will be crucial at the next central bank meeting, where policymakers are wrestling… The Economic Times · May 13
Kevin Warsh Confirmed As Next Chairman Of The Federal Reserve, Replacing Jerome Powell The Senate confirmed on Wednesday Kevin Warsh as the next chair of the Federal Reserve, replacing Jerome Powell. International Business Times · May 13
Crude Oil Prices Erase Early Gains as the Dollar Strengthens June WTI crude oil (CLM26 ) ton Wednesday closed down -1.16 (-1.14%), and June RBOB gasoline (RBM26 ) closed down -0.0790 (-2.14%). Crude oil and gasoline prices settled lower on Wednesday, with crude oil falling from a 1-week high. Wednesday's rally in the dollar index ($DXY ) to a 1.5-week... Barchart · May 13
Canada to host new NATO-linked defence bank as Mark Carney pushes security overhaul Canada has been chosen to house the Defence, Security and Resilience Bank (DSRB). Originally dubbed “the NATO bank,” the new institution will help NATO and non-NATO countries more easily direct funding toward defence and security needs. The Conversation · May 13
US-China talks in Beijing expose fragile balance of global power A pivotal summit between the US and China kicks off in Beijing today. President Donald Trump's impulsive style is set to clash with President Xi Jinping's meticulous planning. Both leaders are acutely aware of the delicate balance they must maintain to avoid escalating tensions. This meeting comes at a time… The Economic Times · May 13
The Independent UK · May 13 All we know about Trump aide Natalie Harp after her brother questions ‘unhealthy’ relationship Harp was one of the small number of staff smuggled with President Trump onto a secret military plane, to avoid a suspected Iranian threat in Turkey
The Independent UK · May 13 Netanyahu held secret meeting with Emirati president in the UAE during Iran war IN FULL
The Economic Times · May 13 Modi’s toughest economic test may demand more than appeals Prime Minister Narendra Modi faces economic headwinds. Appeals for reduced consumption of imported goods like oil and gold may not suffice. Allowing oil prices to rise or the rupee to depreciate could curb demand but risks inflation. Tax cuts on fuel offer an alternative to protect consumers. Addressing foreign investment…
International Business Times · May 13 Guantanamo Bay Sits Largely Empty Despite Trump Plans To Send 30,000 Immigration Detainees There Despite plans by President Trump to fill the Guantanamo Bay naval station with 30,000 high-priority criminal aliens, the facility remains largely empty, according to reports.
The Independent UK · May 13 One of the largest modern US infrastructure projects will soon burrow toward New York City The giant machines that will bore a train tunnel beneath the Hudson River connecting Manhattan to New Jersey are being assembled
The Economic Times · May 13 US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…
Axios · May 13 Kevin Warsh confirmed to lead Federal Reserve He becomes Fed chair at a moment of resurgent inflation, public discontent with the economy and attacks on the central bank's independence.
Barchart · May 13 NVDA Stock Watch: What to Expect as Jensen Huang Joins Trump-Xi Summit Nvidia stock rallies as Jensen Huang joins Trump on a high-stakes visit to China. Oppenheimer explains why NVDA shares are poised to rip higher from here in 2026.
The Guardian - US · May 13 US Senate confirms Kevin Warsh as Federal Reserve chair, replacing Jerome Powell Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower rates
The Independent UK · May 13 Trump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on board Kevin Warsh stressed that the president did not make him pledge to cut interest rates to secure his nomination to head the Federal Reserve
International Business Times · May 13 Taiwan Officials On Edge as Trump Prepares to Discuss Arms Sales With China: Report President Donald Trump's meeting with Chinese leader Xi Jinping this week is being watched with anxiety in Taipei, where officials fear Taiwan's security could become part of a broader negotiation involving trade and U.S.-China relations.