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Rising Inflation and Global Conflict Trigger a Steep Decline in US Markets

New York, Thursday, 14 May 2026.
Driven by surging inflation, new tariffs, and geopolitical conflict, major US equities have plunged over 10% from recent peaks, signaling a highly volatile economic environment for investors.

Senate Confirms Kevin Warsh as Federal Reserve Chair Amid Policy Shift Expectations

Washington, Wednesday, 13 May 2026.
The Senate confirmed Kevin Warsh as Federal Reserve chair in a historically partisan vote. The wealthiest chair ever promises central bank restructuring, potentially delaying highly anticipated interest rate cuts.

India More Than Doubles Gold and Silver Import Taxes to Shield the Rupee

New Delhi, Wednesday, 13 May 2026.
India raised gold and silver import taxes to 15 percent to stabilize the rupee, though experts warn this aggressive hike could unintentionally trigger a massive resurgence in illegal smuggling.

NYC Erases $12 Billion Deficit Without Property Tax Hikes Thanks to State Aid

New York City, Tuesday, 12 May 2026.
Mayor Zohran Mamdani successfully closed NYC’s massive $12 billion deficit without raising property taxes, relying instead on a $4 billion state infusion and a new luxury home tax.

Historic 2026 Super El Niño Forecast Signals Major Disruptions for US Economy

Washington D.C., Tuesday, 12 May 2026.
A rapidly developing Super El Niño, potentially the strongest in modern history, threatens US supply chains and agriculture in late 2026, demanding immediate risk management from business leaders.