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warsh takes the feds helm as inflation climbs

Warsh takes the Fed’s helm as inflation climbs

Will lead a central bank oriented toward reform, says new chair WASHINGTON: Kevin Warsh was sworn in as chair of the US Federal Reserve on Friday at a pivotal moment for an American economy where surging gasoline prices due to the Iran war are pushing up inflation and eroding consumer sentiment, potent ingredients for a...
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AIIB launches $10 billion support facility for countries hit by Middle East conflict, India among key shareholders

The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict, PTI reported. India is the second-largest shareholder in the China-led multilateral lender after China.The Beijing-headquartered bank said the newly launched Energy, Food Security and Economic Resilience Facility...
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Walmart executives depart under CEO John Furner

A Walmart store is seen on Feb. 3, 2026 in Austin, Texas. Brandon Bell | Getty Images Two top Walmart executives are departing the company, nearly four months after CEO John Furner took over, CNBC learned on Friday. Tom Ward, the chief operating officer of Walmart’s warehouse Sam’s Club, is retiring, while Cedric Clark, Walmart’s...
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