Latest Global Economy intelligence from 16 public ZettaWire signals, led by: BREAKING: The U.S. Senate confirms Kevin Warsh as the next chair of the Federal Reserve. Warsh will serve a four-year term leading the central bank.
The U.S. Senate has confirmed Kevin Warsh to serve a four-year term as the next chair of the Federal Reserve Board of Governors.
U.S. President Donald Trump announced an immediate halt to all trade with Spain, including visits, during a NATO summit in Ankara, criticizing Madrid's lack of NATO participation and directing Treasury Secretary Scott Bessent to sever trade ties. Spain recently declined NATO's 5 percent GDP defense spending target and refused U.S. use of its airspace or territory for operations during the war with Iran.
Trump says at the NATO summit he has ordered a cutoff of US trade with Spain.
U.S. and Japan confirm they conducted a coordinated currency intervention in the yen, signaling readiness for further action.
Trump says he will 'cut off all trade with Spain' over a NATO dispute.
Spirit Airlines has initiated an orderly wind-down of its operations, resulting in the cancellation of all flights. The company has advised passengers to refrain from traveling to airports.
President Donald Trump announced a 25% tariff on cars and trucks imported from the European Union, alleging that the bloc is not complying with existing trade agreements.
US credit card stress has reached its worst level since the 2008 financial crisis, with outstanding balances surging to $1.3 trillion and average interest rates hitting 22%.
Gold has replaced US Treasuries as the world's top reserve asset, according to the European Central Bank.
Elon Musk's SpaceX plans to price its initial public offering at $135 per share, selling 555.6 million shares to raise $75 billion in what would be the largest IPO ever.
Elon Musk rang the opening bell as SpaceX went public on the NASDAQ under ticker SPCX, making him a trillionaire.
SpaceX shares opened at $150 in their Nasdaq debut, giving the company a valuation of $1.96 trillion.
SpaceX's record IPO drew more than $350 billion in demand. Shares extended gain to 30% in trading debut. Elon Musk became the world's first trillionaire.
The closure of the Strait of Hormuz has stranded nearly 1,200 cargo ships carrying approximately $125 billion worth of goods, according to the Financial Times.
Donald Trump announced plans to suspend the 18-cent federal gasoline tax to address rising fuel costs, while warning that the ceasefire agreement with Iran is currently on "life support."
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