Hello, Gold hits over $4,600 an ounce for the first time, as investors piled into the haven amid a swirl of geopolitical and policy shocks recently. One of the biggest catalysts for this massive price rise is an investigation into US Federal Reserve Chairman Jerome Powell and speculation over whether it could hasten a leadership change at the US Fed. On Sunday, Powell said that US federal prosecutors are conducting a criminal investigation of him focused on the $2.5 billion renovation of the central bank’s headquarters in Washington, DC, and his related testimony to the US Congress. According to the Fed Chair, the probe is the result of long-standing frustration by President Donald Trump over the Fed’s refusal to cut interest rates as quickly and as much as the president has demanded. ICYMI: Read the full statement from the US Fed Chair. Meanwhile, President Trump’s erratic policy changes are causing harm to credit card companies, after he called for a 10%, one-year cap on credit card interest rates. As bank stocks slid on Monday, credit card processors Visa and Mastercard were both down about 3% each. Lastly, 2026 has blessed travellers with many long weekends, and they would like to take it slow. Exploring hidden gems, laid-back farm stays, and basking under the sun on a beach—oh, it already sounds like heaven! From the wise words of The Beach Boys: “I wanna take you down to Kokomo, We'll get there fast, and then we'll take it slow.” In today’s newsletter, we will talk about - AWS’ Olivier Klein talks AI
- Betting on India’s next consumer giants
- Updated rules for crypto platforms
Here’s your trivia for today: What vehicles are raced annually in Venice's "Regata Storica"? |