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Senate Confirms Trump’s Federal Reserve Pick– trendingpoliticsnews.com

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President Donald Trump scored a major win Tuesday after the Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors, clearing the way for the former central banker to potentially become the next face of the Fed.

The Senate voted 51-45 to confirm Warsh to a 14-year term on the Fed’s seven-member board, putting one of Trump’s preferred economic voices in position ahead of a separate vote later this week on whether he will officially replace outgoing Fed Chair Jerome Powell.

The confirmation marks a pivotal moment in Trump’s long-running battle with Powell over interest rates and monetary policy. Trump has repeatedly blasted Powell for refusing to slash rates more aggressively, once calling him a “moron” and a “stubborn mule” as the White House pushed for looser policy to stimulate growth.

US issues new sanctions over Iran’s oil shipments to China– www.channelnewsasia.com

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WASHINGTON: The United States government on Monday (May 11) announced sanctions against three people and nine companies, including four based in Hong Kong and four in the United Arab Emirates, for aiding Iran’s shipment of oil to China.

The ninth company is based in Oman.

The Treasury move follows sanctions announced on Friday on individuals and companies aiding Iranian purchases of weapons and components used to make drones and ballistic missiles.

It comes days before US President Donald Trump’s planned meeting with Xi Jinping, where he is expected to press the Chinese leader to help resolve the standoff with Iran and reopen the critical Strait of Hormuz.

Women set to lose more jobs to AI than men | The Post Millennial– thepostmillennial.com

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A new report from the US National Partnership for Women & Families says women may face disproportionate disruption from artificial intelligence in the workforce. The study found that while women make up about 47 percent of the US workforce, they account for 83 percent of workers across 15 occupations identified as having the highest exposure to AI.Those roles include secretaries, receptionists, and office clerks, among others. According to the report, around 6 million women work in these positions.

Researchers said workers in these jobs may face greater challenges adapting to AI-related workplace changes due to lower access to resources and reduced flexibility in transitioning to other roles. The report also looked at sectors where women are more heavily represented but less likely to face full automation, including nursing, childcare, and home health care, in addition to others.

While these jobs typically require direct human interaction and physical presence, the study said AI could still affect workers in those fields through monitoring and workplace management systems: “These management systems, sometimes described as bossware, can be difficult for workers to understand or challenge, and may worsen job quality even where jobs are not eliminated,” the report said.

Anthropic announces new Claude-powered legal software as SaaS stocks continue to struggle– finance.yahoo.com

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Anthropic (ANTH.PVT) is expanding its presence in the legal software market as it continues to grow its enterprise footprint.

The latest offerings include integration with platforms law firms already use, such as Box (BOX) and Thomson Reuters (TRI), plugins designed for specific tasks and roles such as corporate counsel, regulatory counsel, and law students, and integration with Microsoft (MSFT) 365.

The launch comes just a week after Anthropic debuted its Claude for Financial Services, which includes 10 customizable AI agents for financial users, the ability to use Claude’s financial capabilities across Microsoft 365, and the option to connect Claude to more applications.

It also comes as the software industry continues to deal with the fallout from the initial debut of Anthropic’s Claude Cowork, which has hammered software stocks over fears that the AI startup will steal market share from existing enterprise platforms.

Anthropic’s new legal products could further raise concerns about the future of legacy enterprise services.

The company’s latest products feature 20 model context protocol (MCP) connectors, which allow Claude to connect to existing pools of data and tools in apps. That includes the ability to use Claude with programs such as DocuSign (DOCU), Ironclad, Datasite, and other legal software.

Anthropic co-founder and CEO Dario Amodei speaks at the Code with Claude developer conference on May 6, 2026, in San Francisco. (Don Feria/AP Content Services for Anthropic) · ASSOCIATED PRESS

Japan, U.S. confirm close coordination on currency after intervention– japantoday.com

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Japanese Finance Minister Satsuki Katayama said Tuesday she agreed with U.S. Treasury Secretary Scott Bessent to closely coordinate on movements in the currency market during talks held after a recent intervention to stem the yen’s depreciation against the dollar.

The financial chiefs also discussed ways to respond to China’s export controls on critical minerals amid the economic powerhouse’s dominance and the growing cybersecurity threat posed by sophisticated artificial intelligence ahead of U.S. President Donald Trump’s two-day meeting with Chinese President Xi Jinping in Beijing from Thursday.

“We are in good coordination regarding recent currency movements” amid the Middle East conflict, Katayama told reporters after meeting Bessent at the Finance Ministry in Tokyo, noting that Japan’s stance has been “fully supported.”

Markets dip as US-Iran ceasefire goes nowhere, leaving Trump with a military option to reopen Hormuz– fortune.com

pgnewser May 11, 2026 0

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Hopes for a peace deal with Iran waned on Sunday, raising the risk that the global energy crisis will drag on and leaving the U.S. to weigh military operations to reopen the Strait of Hormuz.

Futures tied to the Dow Jones industrial average fell 200 points, or 0.40%. S&P 500 futures were down 0.33%, and Nasdaq futures lost 0.28%.

U.S. oil futures rose 2.7% to $97.97 a barrel, while Brent crude climbed 2.7% to $104.01. Gold fell 0.76% to $4,695 per ounce.

The U.S. dollar was up 0.2% against the euro and up 0.14% against the yen. The yield on the 10-year Treasury was steady at 4.36%.

On Sunday, Iran responded to the U.S. ceasefire offer, saying talks must focus on permanently ending the war on all fronts, including in Lebanon.

Sources also told the Wall Street Journal that Iran proposed gradually reopening the strait as the U.S. lifts its naval blockade.

UK moves warship to Middle East for potential Hormuz mission– fortune.com

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The UK will deploy one of its warships to the Middle East as part of planning for a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire.

HMS Dragon, a Type-45 warship capable of destroying guided missiles, is likely to form part of the UK’s offer for the defensive naval mission, designed to reassure commercial ships attempting to pass through the waterway. Such a mission will only begin once sustained ceasefire or peace deal is agreed to.

“The pre-positioning of HMS Dragon is part of prudent planning that will ensure that the UK is ready, as part of a multinational coalition jointly led by the UK and France, to secure the Strait, when conditions allow,” a spokesperson for the UK Ministry of Defence said.

California ‘Billionaire Tax’ Could Target Non-Billionaires– www.dailysignal.com

pgnewser May 11, 2026 0

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Last week, the Service Employees International Union (SEIU) announced it had gathered more than 1.5 million signatures—nearly double what it needed—to put a sweeping new wealth tax on California’s November ballot. The initiative is called the 2026 Billionaire Tax Act.

The name is designed to make you stop reading. Don’t.

SEIU has spent months positioning itself as the champion of nurses, teachers and caregivers. What it has actually done is run a $24 million campaign to put a measure on the ballot that could eventually be used to tax virtually any Californian who owns assets—with no return trip to the ballot box required.

Make America AI Ready: Strengths, Weaknesses, and Recommendations– blog.citp.princeton.edu

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The Trump administration has made artificial intelligence a centerpiece of its economic agenda, promising to retrain a workforce it says must be ready to compete in an AI-driven future. One early piece of that effort: a free text-message course from the Department of Labor (DOL) and private partner Arist called, “Make America AI-Ready”, is a useful start on the journey to AI literacy for all Americans. This seven-day long, 10-minute-per day course which frames itself as “your AI 101” is accessible, technically informative, and engaging (see below for the full contents). Here we analyze its strengths, lay out a few weaknesses we think should be addressed in the current version, and elaborate some stretch goals for an “AI 201” course that would build upon the original.

US says warplane disabled ship that tried to break Iran port blockade– www.channelnewsasia.com

pgnewser May 7, 2026 0

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WASHINGTON: A US Navy warplane fired on and disabled the rudder of an oil tanker that tried to break Washington’s blockade of Iranian ports, the US military said on Wednesday (May 6).

It is the second time the US military has fired on a ship it said was attempting to violate the blockade, which has been in place since April 13.

US forces warned the Iranian-flagged M/T Hasna, which was unladen, that it was in violation of the blockade, but its crew “failed to comply,” so a US F/A-18 Super Hornet “disabled the tanker’s rudder by firing several rounds from (its) 20mm cannon gun,” Central Command (CENTCOM) said in a post on X.

“Hasna is no longer transiting to Iran,” CENTCOM said, adding: “The US blockade against ships attempting to enter or depart Iranian ports remains in full effect.”