Kevin Warsh was confirmed as Federal Reserve chair on Wednesday, May 13, 2026, placing President Donald Trump’s nominee at the center of a high-stakes debate over inflation, interest rates and the independence of the U.S. central bank. The Senate approved Warsh in a 54–45 largely party-line vote, clearing the way for the former Federal Reserve official to succeed Jerome Powell. The confirmation followed uncertainty tied to a Justice Department investigation involving Powell, whi

Dr. Marty Makary Resigns as FDA Commissioner Dr. Marty Makary has resigned from his position as the commissioner of the U.S. Food and Drug Administration (FDA), as confirmed by President Donald Trump on May 12. In a social media post, Trump revealed that Makary had informed him of his decision to step down, effective Tuesday. While Makary did not offer an explicit reason for his resignation, Trump praised his leadership, calling him a “hard worke

President Donald Trump said the Iran ceasefire is close to collapse after rejecting Tehran’s latest truce proposal, deepening uncertainty over US-Iran tensions and Middle East stability. Speaking on Monday, May 11, 2026, Trump called Iran’s response unacceptable and said the ceasefire was on “massive life support.” His remarks signaled that Washington is not ready to ease pressure unless Tehran accepts stricter terms on security and nuclear activity. Why T

The White House says aligning U.S. drug prices with global rates may slash costs—but experts remain divided. What the $529 Billion Savings Really Means According to White House economists, Trump’s drug pricing strategy—often called the “most favored nation” model—could reduce prescription drug costs by up to $529 billion over 10 years. The idea is simple: Americans s

Student Loan Forgiveness Update: What’s Changing? A new student loan forgiveness bill in 2026 could significantly shorten repayment timelines for millions of Americans. The proposal would allow unemployed borrowers to count jobless months toward loan forgiveness, even when they make $0 payments. Can Unemployment Count Toward Forgiveness? Yes — under the proposed law, borrowers in income-driven repayment (

Maharashtra has approved a ₹10,000 crore AI policy to build advanced infrastructure, boost startups, create jobs, and position the state as a leader in ethical artificial intelligence. The Maharashtra government has approved a comprehensive Artificial Intelligence (AI) policy with a proposed investment of ₹10,000 crore, marking a major push toward building advanced digital infrastructure in the state. The policy, cleared on Wednesday, aims to establish 6 AI Exc

UAE exits OPEC and reshapes global oil and currency dynamics The decision by the United Arab Emirates to exit OPEC and OPEC+ marks a major shift in global energy markets. This move could increase oil price volatility, weaken OPEC’s control, and challenge the dominance of the US dollar in global oil trade. The timing is critical, coming amid rising oil prices, a growing dollar shortage in Gulf countries, and escalating tensions around the Strait of Hormuz. What does thi

Is UAE leaving OPEC to counter Saudi influence? Yes, it signals strategic independence. The United Arab Emirates’ decision to exit the Organization of the Petroleum Exporting Countries marks a pivotal shift in Gulf geopolitics, reflecting rising tensions with Saudi Arabia and broader regional realignments. Escalating tensions following Iran strikes on UAE infrastructure As of Tuesday, April 8, 2026, the UAE reported intercepting 537 ballistic missiles,

UAE’s exit from OPEC may boost oil supply, ease prices, and strengthen India energy ties, while raising volatility risks in global markets amid geopolitical tensions. Will UAE leaving OPEC lower oil prices? Yes, it could ease global supply pressure as the United Arab Emirates prepares to formally exit Organization of the Petroleum Exporting Countries and OPEC+ on May 1,

The Trump interest rate controversy has taken a new turn after Kevin Warsh firmly denied being pressured by US President Donald Trump regarding monetary policy. His testimony has sparked fresh debate over the independence of the Federal Reserve and political influence on economic decisions. What happened and why it matters On April 22, 2026, Kevin Warsh s

A new report from Policybazaar highlights a significant rise in term insurance purchases by non-resident Indians (NRIs), with overall demand doubling over the past two years and younger buyers playing an increasingly central role in the trend. According to the findings, individuals between the ages of 25 and 35 now account for 54% of total demand, up from 44% in 2024. This shift underscor

In a significant move amid the ongoing Middle East crisis, Japan has become the first G7 nation to announce the release of its strategic oil reserves. This decision comes in response to the geopolitical tensions affecting the global oil market and concerns over potential disruptions in the supply of crude oil. Japan's action is aimed at maintaining energy security and stabilizing oil prices, which have been fluctuating due to the crisis in the Middle East. As one of the world's larg

India has ushered in a new phase of insurance regulation with Parliament clearing the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, a move that comes at a time when trust between insurers and policyholders is increasingly strained. For millions of Indians, insurance is ultimately judged not by policy documents or premium receipts but by the ease and fairness of claim settlement. Delays, repeated document requests, late-stage exclusions, and opaque rejections have long plag

The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. This marks a total reduction of 125 basis points in 2025, sparking fresh hope among homebuyers for affordable loan EMIs as banks prepare to revise lending rates. The Monetary Policy Committee (MPC), which met on December 3, 4 and 5, voted unanimously after assessing inflation control, liquidity status and growth expectations. Governor Sanjay Malhotra confirmed the move, addin

India is preparing for one of its busiest wedding seasons, with nearly 46 lakh weddings expected in 2025 and spending projected at around Rs 6.5 lakh crore. As celebrations grow grander, Indian weddings often resemble Bollywood productions with choreographed sangeets, elaborate décor and multi-day festivities. But with budgets crossing Rs 30–35 lakh for most weddings, and luxury ceremonies easily exceeding Rs 1 crore, families are pouring unprecedented amounts into these events. With such

The Indian government has made its position clear regarding sports engagements with Pakistan, especially in the context of upcoming international events. In a new policy unveiled by the Sports Ministry, the government declared that India will not participate in any bilateral sporting events with Pakistan, even if hosted at neutral venues. The policy, which has been implemented immediately, aims to limit interactions with Pakistan in sports following the strai

Parents, students, and community members gathered outside the Loudoun County Public Schools Administration Building on Monday morning as tensions rose over policies allowing transgender students to use bathrooms and locker rooms that align with their gender identity. The demonstration came as the school board met to address an order from the U.S. Department of Education, which recently declared that several Northern Virginia school districts, including Loudoun, were violating Title IX protect

A newly surfaced immigration enforcement memo reveals that United States Immigration and Customs Enforcement (ICE) can now deport migrants to countries other than their homeland with as little as six hours’ notice. This marks a dramatic shift from the previous standard, where ICE generally provided a minimum 24-hour notice period before conducting deportations to a third country. The policy, outlined in a memo dated July 9 and signed by acting ICE director Todd Lyons, allows for this ex