EXPLAINER
Who has profited most from the war on Iran?
Defence contractors, energy companies and investment banks saw profits soar as war and uncertainty upended markets.
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Kevin Warsh confirmed as new US Federal Reserve chair amid controversy
Senate confirms Trump pick Kevin Warsh as Federal Reserve chair amid growing concerns over independence.
Kevin Warsh confirmed to US Federal Reserve board in close Senate vote
Senator John Fetterman of Pennsylvania, a Democrat, joins Republicans to advance Warsh’s confirmation.
EBay rejects GameStop’s $56bn bid as ‘neither credible nor attractive’
CEO Cohen, who has built a 5 percent position in eBay, has hinted he may take offer directly to eBay shareholders.
US Fed holds rates steady, Powell to remain on its board
Powell says he will not leave the Federal Reserve Board until legal challenges posed by Trump are ‘well and truly over’.
From: NewsFeed
Man carries deceased sister into Indian bank amid paperwork difficulty
A man in India was recorded carrying the remains of his deceased sister into a bank after he couldn’t access her account
Published On 29 Apr 2026
Senate panel advances Kevin Warsh’s nomination for US Fed chair
Senate panel approves Trump’s nominee Kevin Warsh to replace Jerome Powell as US Fed chair on party-line vote.
US Justice Department drops criminal probe of Fed chair Jerome Powell
The announcement on Friday is expected to clear the path for the confirmation of his successor, Kevin Warsh.
US Treasury Secretary Bessent says Gulf, Asian allies request swap lines
Bessent pushed back on allegations that Trump family’s financial ties with UAE are driving decision to offer swap line.
Trump’s US Fed nominee Warsh vows independence, says he’s no ‘sock puppet’
Kevin Warsh’s confirmation hearing shines spotlight on doubts over his independence as Trump pushes again for rate cuts.
EXPLAINER
Iran war’s big winners: Wall Street, weapons firms, AI and green energy
The global economic outlook for 2026 looks grim if the Iran war continues, but some industries are booming.
