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New Federal Reserve Chairman Kevin Warsh arrives for the swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Aaron Schwartz | AFP | Getty ImagesIn May, another big jobs report was released, all but eliminating the possibility of a rate cut in the near future, and in the process highlighting the difficulties of new Fed Chairman Kevin Warsh’s policy going forward.A potential rate cut was already on life support heading into Friday’s nonfarm payrolls report. But the unexpectedly large increase of 172,000 people, combined with last month’s large upward revision, further weakens…

Number of past World Cup appearances: 0Player to watch: Moussa TamariFIFA World Ranking: 63rdJordan will be playing in a World Cup final for the first time and Moroccan coach Jamal Selami will be hoping his players emulate the Atlas Lions’ heroics four years ago.Recommended stories list of 4 itemsend of list”In big tournaments, many teams can be surprised. My country, Morocco, reached the semi-finals of the last World Cup,” Reuters quoted him as saying during Turkiye’s training camp in Antalya in late March.“That gives us faith.”While reaching the semifinals may be a little optimistic, Jordan is heading into the tournament…

Option traders are rushing to place bets on Michael Saylor, crypto’s most vocal evangelist. Call it a strategic rebellion.Flow around Sailors Strategy (MSTR) and our floating rate preferred stock. STRC Despite Bitcoin’s steady decline that started in mid-May, traders have turned bearish this week after being more balanced last month.On Strategy Friday, more than twice as many puts were traded as calls, and more than three times more puts were bought than calls, almost triple the average daily volume over the past month. At the time of writing, $250 of the $335 million premium traded was tied to puts.Some of…

Bekaa Valley, Lebanon — Not long ago, Hezbollah was declared nearly defeated. Israel’s devastating military and covert operations have brought the organization closer to its “death,” regional experts say. The fall of Syrian President Bashar al-Assad has also ousted a key regional ally that had helped supply the group with weapons and supplies. Israel killed longtime leader Hassan Nasrallah in 2024. Lebanon and Israel held direct negotiations mediated by the United States for the first time in decades. The Lebanese government was working to completely disarm the group. Now, with the US and Israel’s decision to attack Iran, the group…

India’s 15-year-old batting sensation Vaibhav Sooryavanshi has been called up for the upcoming Twenty20 international series against Ireland and England, the Board of Control for Cricket in India (BCCI) announced on Saturday.Wonderkid Sooryavanshi joined the Indian squad fresh off his breakthrough in the Indian Premier League (IPL), where he topped the run-scoring charts with 776 runs in 16 matches, breaking a record of 15 and a half matches.Recommended stories list of 3 itemsend of listThe left-handed opening batter also broke Chris Gayle’s record for most hits in a season.His performances with Rajasthan Royals made him the first player in IPL…

U.S. employers announced more than 97,000 job cuts in May 2026, according to a report released Thursday by outplacement firm Challenger, Gray & Christmas.The announced layoffs are the highest for May since the start of the coronavirus pandemic in 2020, according to Challenger data. The number of layoffs this year has also increased for the third consecutive month, up from 83,387 in April, 60,620 in March, and 48,307 in February.The report, based on corporate layoff announcements, found that employers cited AI as the main reason for nearly 40% of layoffs announced in May, up from 7% in January, 10% in…

President Donald Trump faces the risk that Iran could close the Bab el-Mandeb Strait if the conflict in the Middle East escalates, a scenario that would drastically reduce oil supplies to an already severely disrupted market. Bab el-Mandeb is one of the world’s trade hubs, connecting the Red Sea, Gulf of Aden, and Arabian Sea. It has served as a key relief valve for oil markets as Iranian attacks on tankers and cargo ships have sharply reduced exports through the Strait of Hormuz.After shutting down the Hormuz River, Saudi Arabia ramped up the flow of oil through its East-West pipeline,…

The United States and Iran exchanged attacks early Saturday local time, days after issuing conflicting messages on the status of ceasefire talks. Meanwhile, in Lebanon, fighting continues to intensify between Israeli forces and the Iranian-backed Hezbollah, despite a ceasefire agreed between Israel and the Lebanese government. What happened in this area: Strait of Hormuz: The United States intercepted a wave of missiles and drones launched by Iran toward the Strait of Hormuz and the Gulf region. According to U.S. Central Command, the U.S. military shot down four attack drones and also attacked an Iranian coastal surveillance radar facility. Iran fired…

AstraZeneca CEO Pascal Soriot said artificial intelligence is helping pharmaceutical companies develop medicines faster and make smarter decisions throughout the research process.”The value of AI in our industry is productivity gains,” Soriot said Friday on CNBC’s “Mad Money.” “The way we design new drugs, new drugs, we can actually do it faster and smarter.”The comments come as investors increasingly question whether massive spending on artificial intelligence is producing meaningful returns in industries such as healthcare. Soriot said AstraZeneca is already seeing practical applications across drug discovery and development, from identifying new targets to improving the design of potential drugs.”Not only…

The 2026 FIFA World Cup will be a unique tournament in many ways.From the largest participation in the competition’s history to three host nations, the 39-day tournament promises to be the most epic version of football’s marquee event.Recommended stories list of 4 itemsend of listThe 2026 edition will also blend technology and gaming to improve the match-watching experience for fans and make the sport more sophisticated for players.Al Jazeera Sports provides you with the latest information on the upcoming World Cup.1. Match ball with sensorTrionda, which means “three waves” in Spanish, is the official match ball for the 2026 World…