Spiking gasoline prices pushed Canadian inflation to the highest in over two years, while the breadth of price pressures narrowed and core measures were little changed.
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Gasoline spike pushes Canadian inflation to highest since 2023
Saxby Chambliss: America can’t win the AI race without more plumbers and electricians
I spent a decade on the Senate Intelligence Committee getting briefed on every way America could lose its technological edge to China. I heard all about stolen intellectual property, compromised supply chains, spies in our research labs, you name it. But in all those years, nobody ever warned me that the thing standing between America and leadership in artificial intelligence (AI) might just be a shortage of plumbers and electricians.
Yet that is where we find ourselves.
Last week Meta, the National Urban League, the Associated Builders and Contractors and CBRE announced America’s Workforce Academy, a $115 million program that will train Americans for the skilled trades at no cost, pay them while they learn, and guarantee every graduate a job building AI infrastructure – mostly data centers. The first sites open this year in Louisiana, Ohio, Indiana and Texas, and graduates leave with an industry-recognized credential that travels with them for the rest of their careers.
This is the largest private-sector commitment to the skilled trades with a job guarantee in American history. And it forces a conversation we should have started three years ago.
We’re about three years into this AI era, and we’ve spent most of that time treating it as a contest of software. It is not. America’s Workforce Academy is the clearest signal yet that the limiting factor in this race is not just algorithms or chips. It is people who can bend conduit and pull fiber.
Think it through: models run on chips, chips run in data centers, and data centers run on electricity moving across a grid built when I was a young man. Every link in that chain is built by welders, electricians, pipefitters, and linemen. China understands this. The Chinese Communist Party (CCP) is adding power and transmission capacity at a pace we haven’t approached in decades. Until two new reactors finally came online at Plant Vogtle in my home state of Georgia, America had gone some 30 years without building a nuclear reactor from scratch.
At the heart of the problem is a crippling labor shortage. The construction industry needs nearly 350,000 additional workers this year just to keep pace, the average American welder is now 55 years old, and by 2030 more than two million skilled-trade jobs could sit unfilled. This is a real problem and increasingly a strategic vulnerability.
There is a second lesson, and it cuts close to home for both political parties in Washington. Politicians have spent decades promising and trying to bring manufacturing back. President Trump, to his credit, is making some progress on this front. But times have changed, and we need to rethink what a skilled workforce looks like for the modern era.
The way I see it, AI infrastructure is the new manufacturing. This is what “Made in America” actually looks like in the 21st Century, and it isn’t an assembly line in 1965. It is a data center campus in rural Louisiana and a power plant in Toledo, Ohio. These are the new factory jobs, and they’re stable, well-paid, impossible to offshore, and open to folks without a college degree.
Finally, the most important thing about this program is not the dollar figure. It is the design. When a participant is accepted, a contractor issues a job offer on the spot, conditioned only on finishing the course. The job comes first and the training follows. This is what serious industrial policy looks like. But this time you have the private sector, not the government, taking the lead.
That private sector self-interest is why this program will succeed compared to other government-led efforts. It’s not designed to serve every possible need, but is instead tied to real demand and financial stakes will focus it on accountability and getting the right outcomes.
So what should government do? Speed up the permitting that holds energy projects hostage for years. Make sure trade credentials transfer across state lines. Extend Pell grants to short-term credential programs. And rather than answering with some sweeping federal initiative thrown together for a press release, Washington should find subtle ways to incentivize other companies to follow suit.
The part of South Georgia I called home got electric power because skilled hands strung wire across farm country plenty of people had written off. The same kind of hands will now build the infrastructure that decides whether this century and the internet of the future will be led by free people or by Beijing.
This is a bet on American workers. The rest of the private sector should be fast followers.
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The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.
Chase Sapphire & Freedom 10x Paze Promo
Update 6/21/26: Some people are seeing Giftcards.com with Paze checkout on mobile. It should work for the 10x promo with Chase cards. (It’s not showing the $10 off banner, so might not be eligible for that promo.)
Update 6/16/26: Chase has excluded Newegg from the 10x promo from June 30, 2026 and onward.
Original Post 5/14/26:
Chase quietly added a new points earning benefit to their Sapphire Reserve, Sapphire Preferred, Freedom, Freedom Unlimited, and Freedom Flex cards:
- Get 10x additional points on top of your Ultimate Rewards points when you check out with Paze at participating merchants through December 31, 2026.
- The 10x is on top of your regular points earned.
- Up to $1,500 in total combined purchases each month (up to 15,000 additional points each month).
- Valid from 5/01/2026 to 12/31/2026.
Check the full list of retailers who currently allow Paze at checkout here. Some notable ones:
Paze is the big banks (behind Zelle) trying to create a digital wallet where you pay online using the cards/accounts already associated with those banks.
You can check if you card has the benefits by going to the Benefits & travel tab > Benefits to see which merchants your card has a multiplier.
Full Terms:
From 05/01/2026 to 12/31/2026, you will earn 10 additional points when you check out with Paze at a participating online merchant, on up to $1,500 in total combined purchases each month (thatˇs 10 additional points on top of the points you earn on these purchases in the card rewards program, up to 15,000 additional points each month). Purchases posted to your account with a transaction date during the offer period are eligible for this offer. Delays by the merchant could extend the transaction date beyond the offer period. Please allow up to 8 weeks after qualifying purchases post to your account for bonus points to post to your account. (“Purchases” do not include balance transfers, cash advances, cash-like transactions including, but not limited to: travelers checks, foreign currency, money orders, wire transfers, cryptocurrency, other similar digital or virtual currency and other similar transactions; lottery tickets, casino gaming chips, race track wagers, or similar offline and online betting transactions; person-to-person money transfers and account-funding transactions that transfer currency, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable.) To qualify for this bonus offer, account must be open and not in default at the time of fulfillment. This bonus offer is non-transferable and applies only to cardmembers who receive marketing communications for this offer. See your Rewards Program Agreement for more details. Paze℠: Existing Chase consumer customers with a digital profile (i.e., if you signed in to Chase Online℠ or the Chase Mobile® app) and have recently made an online purchase using your Chase debit or credit card are eligible for Paze℠ . If you open a new credit card or deposit account with a debit card and have a digital profile, your new card will be automatically added to your Paze℠ wallet. Paze℠ isn’t currently available to Chase customers under the age of 18, business customers, commercial customers, or credit card authorized users. Chase First Banking℠ debit cards, Chase High School Checking℠ debit cards, Chase business credit cards (such as Ink Business℠), and Private Bank credit and debit cards aren’t eligible. Message and data rates may apply. Paze℠ and the Paze℠ related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Top 5 Most Marketable Business Courses in Kenya
#MarketableCourses #Learnerscoach
As a student, when you make a decision to do a #businesscourse in Kenya, there is a need to do an in-depth research to determine the #bestcourses to persue. You may be surprised to learn that the most sought after #businesscourses are not the best and the best may have few graduates.
To determine the course you want to pursue, you must consider a number of things. Most of the business courses are actually influenced by expected salary, available job market, peer pressure, influence from people close to you as well as their capability.
In this video, we have discussed Top 5 Most Marketable Business Courses in #Kenya. Read more;
Other Useful Resources – Link To #MarketableCourses In Kenya
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1. Marketable Certificate Courses;
2. Marketable Hospitality Courses;
3. Marketable TVET Courses;
4. Marketable Business Courses;
5. Marketable Short Courses;
6. Marketable Diploma Courses;
7. Marketable Degree Courses;
8. Marketable IT Certifications;
9. Least Marketable Courses;
10. Best TVET Technical Courses;
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In 6 Words, Fed Chair Kevin Warsh Just Dropped the Hammer on Wall Street
Over the last six weeks, investors have been privy to the tail-end of earnings season, the largest initial public offering (IPO) in history, and have witnessed the Dow Jones Industrial Average (^DJI +0.14%), S&P 500 (^GSPC +1.08%), and Nasdaq Composite (^IXIC +1.91%) rocket to record highs. But arguably, no event has been more meaningful than the changing of the guard at the Federal Reserve.
May 15 marked Jerome Powell’s final day as Fed chair, while May 22 was the official swearing-in ceremony of his successor, Kevin Warsh. Given that Warsh was a former Federal Open Market Committee (FOMC) member (Feb. 24, 2006 – March 31, 2011), he brought some level of experience to the position.
Fed Chair Kevin Warsh at his first post-FOMC meeting press conference. Image source: Official Federal Reserve Photo.
What Wall Street didn’t know, entering his first FOMC meeting as head of the Fed on June 17, was how he planned to lead America’s foremost financial institution. It took just six words for Warsh to lay out his game plan and to potentially spoil Wall Street’s party.
Fed Chair Warsh has his sights set on inflation
As expected, Warsh and Powell have very different leadership styles. Powell’s FOMC statements were often lengthy, detailed, and contained forward-looking projections. Meanwhile, Warsh favors concise statements that avoid forward-looking guidance and stick solely to the facts.
One of Warsh’s statements during his press conference after the FOMC meeting perfectly sums up his current mission at the central bank:
Persistently high prices are a burden for the American people. But the recent past need not be prologue. I am pleased to report that members of the FOMC are unambiguous and unanimous. This committee will deliver price stability.
Despite the Fed upholding the dual mandate of maximum employment and price stability, these six words, “this committee will deliver price stability,” show that Warsh intends to focus on inflation.
“If Trump wants someone easy on inflation, he got the wrong guy in Kevin Warsh.”@AnnaEconomist pic.twitter.com/FGMfeSqHpU
— Daily Chartbook (@dailychartbook) January 31, 2026
This shouldn’t come as a huge surprise, given that Kevin Warsh exhibited monetary hawk tendencies during his previous tenure on the FOMC. Even as the unemployment rate soared during the financial crisis, Warsh cautioned against lowering interest rates for fear of sparking inflation. He’s consistently favored higher interest rates as a tool to suppress inflation.
Between February and May, trailing 12-month inflation has jumped from a modest 2.4% to a three-year high of 4.2%. Though the price stickiness of President Trump’s tariffs has played a small role in this increase, the lion’s share of this inflationary surge can be traced to the Iran war. The largest crude oil supply disruption in modern history has wreaked havoc on energy markets.
According to the quarterly filed Summary of Economic Projections, nine of 18 FOMC members — Warsh abstained from providing forward-looking guidance, and not all 18 are voting members — expect interest rates to increase by the end of this year.
At the start of the year, the bond market was pricing in 2 Fed rate CUTS.
After today’s FOMC meeting, it is now pricing in 2 Fed rate HIKES.
That’s a 1% swing in expectations.
The 2-Year Treasury yield entered the year at 3.48%. It ended the day at 4.21%. pic.twitter.com/zvVru7ValQ
— Charlie Bilello (@charliebilello) June 17, 2026
A rate hike would signify that the central bank is serious about stabilizing prices. However, it would also represent a dagger in the proverbial heart of a historically expensive stock market.
When 2026 began, investors were looking for two rate cuts this year and a continuation of this easing cycle into 2027. Now, the forecast potentially calls for two rate hikes. With debt helping to finance the artificial intelligence data center build-out, one of Wall Street’s key growth drivers is at risk of being upended by the Warsh’s and FOMC’s mission of delivering price stability.
Understanding the Growth of Private Markets
Private markets now shape capital formation, portfolio construction, and financial stability. This report examines private markets’ growth, risks, and implications for investors, policymakers, intermediaries, and the investment profession.
At a Glance
- Private markets are now central to capital formation, as more companies stay private longer and institutional allocations to private enterprises rise.
- The growth of private markets is changing capital market structure; that is, they are changing how capital is raised, priced, governed, and deployed throughout the economy.
- Issuers, asset owners, intermediaries, and policymakers are reinforcing the shift to private markets as companies seek flexible capital, investors seek enhanced returns, managers seek higher-fee products, and governments seek long-term investment funding.
- Key considerations for success include improved disclosure transparency, valuation standards, investor protection safeguards, and governance oversight.
- Investment professionals must build the knowledge, skills, and capabilities necessary to strengthen valuation processes, liquidity planning, governance, performance measurement, and systemic risk oversight .
Ocado prepares succession plan for CEO Tim Steiner
Ocado prepares succession plan for CEO Tim Steiner
Appeals court sides with CFPB’s union, blocks job cuts
Bloomberg News
Processing Content
- Key insight: The legal power struggle between the Trump administration and the National Treasury Employees Union has evolved into a major separation-of-powers showdown.
- What’s at stake: At issue is whether the president has the authority to dismantle an agency created by Congress.
- Expert quote: “Courts will have a full chance to review Vought’s most recent unlawful plan to sideline the CFPB by firing most of its remaining staff.” — Sen. Elizabeth Warren, D-Mass., the ranking member of the Senate Banking Committee.
A federal appellate court blocked the Trump administration from immediately firing employees at the Consumer Financial Protection Bureau in a closely-watched legal battle over presidential power.
Late Friday, the U.S. Court of Appeals for the D.C. Circuit sided with the CFPB’s union by upholding a preliminary injunction issued in March 2025. The full court further extended the legal battle between Russell Vought, the CFPB’s acting director, and the National Treasury Employees Union.
The full appellate court upheld an injunction that has blocked Vought from firing up to 1,400 CFPB employees. The order was a response to a revised plan by Vought to slash two-thirds of the agency’s workforce.
The appeals court sent the case back to U.S. District Judge Amy Berman Jackson, who will decide whether to modify the injunction and allow the CFPB to issue reductions in force, or RIF notices, to employees represented by the NTEU. The court rejected a request from the Department of Justice, representing Vought, to continue RIFs. The court also did not impose a deadline on the district court that was requested by the DOJ.
In a statement issued Saturday, Sen. Elizabeth Warren, D-Mass., the ranking member of the Senate Banking Committee, praised the appellate court order.
“Last night the D.C. Circuit rejected the Trump Administration’s latest request to shut down the Consumer Financial Protection Bureau, refusing to lift the injunction that has prevented Russ Vought from carrying out his plan to eliminate the agency,” said Warren, who created the agency. “Courts will also have a full chance to review Vought’s most recent unlawful plan to sideline the CFPB by firing most of its remaining staff.”
The fight between Vought and the NTEU is being closely watched as a test by the executive branch that claims the president can shut down an agency created by Congress. In December, the D.C. Circuit granted a rare
One aspect of the case that Judge Jackson will take into account is the agency’s budget, which Congress slashed in half last year. Vought has claimed that the CFPB must cut staff because the budget supports fewer employees. Under his watch the CFPB no longer conducts
Vought, who is also the Trump administration’s director of the Office of Management and Budget, was a key architect of Project 2025, the Trump administration’s plan to reduce the federal workforce. In the past year, the administration has fired
Vought and Mark Paoletta, the CFPB’s chief legal officer, made declarations to the district court that the CFPB needs a staff of only 200 people to perform its legally required functions, down from 1,755 a year ago. When Vought took over the agency last February, he immediately
Last year, a three-judge panel of the D.C. Circuit lifted the district court’s preliminary injunction and the union appealed. Before that, Judge Jackson held evidentiary hearings and determined that the CFPB’s leadership had tried to shut down the agency. Vought claimed there was no final agency action, or paper trail, showing any decision to eliminate the bureau. The CFPB and Vought have
In her ruling,
Digital Payments Adoption Expected To Surge Considerably In Brazil By 2030 : Research
Despite Brazil’s already high level of digital payments maturity, a new assessment from Bain & Company indicates meaningful room for further expansion through the end of the decade. As of the end of 2025, digital payment methods had reached an 85% penetration rate across the country, placing Brazil among the world’s most advanced markets in this region.
Banking inclusion has risen sharply in recent years, climbing from 57% of the adult population in 2017 to 90% by 2023.
Card usage within household consumption (often referred to as PCE) now exceeds 52%, narrowing the gap with established markets such as the United Kingdom (58%) and the United States (46%).
The instant payment system Pix has played a central role in this transformation, accounting for more than 40% of the overall addressable market and driving rapid change with few global parallels in consumer spending.
The combined share of Pix person-to-business transactions and cards in total consumer spending surged from 35% in 2020 to 85% in 2025.
This rapid shift signals broad digitalization of everyday transactions and leaves limited headroom if growth were to rely solely on displacing cash and other traditional methods.
Yet Bain’s analysis shows the market is far from saturated.
In 2024, the addressable market already stood approximately 24% above traditional household consumption levels, pointing to potential expansion of up to 38% by 2030.
The sector’s profit pool, currently around 120 billion reais, is projected to climb to roughly 170 billion reais over the same period.
According to Bain partner André Mello, the outlook remains positive when accounting for rising consumption outside conventional household spending categories, the digitization of additional industry verticals, and the development of still-underutilized payment use cases.
“It becomes clear that the growth potential of digital payments in Brazil remains significant,” he noted.
Bain partner Antonio Cerqueiro emphasized that future success for payment issuers will hinge on deepening customer relationships rather than simply acquiring new users.
This includes expanding financed portfolios, integrating additional financial products such as personal loans, investments, and insurance, and leveraging transaction data more effectively to deliver personalized offers across the customer lifecycle.
The analysis suggests that strategies focused purely on market-share gains through basic digital substitution are unlikely to deliver the same results in the coming years.
Instead, industry participants are expected to prioritize innovation, revenue diversification, enhanced user experiences, stronger security measures, and value-added services for merchants, such as prepayment options and loyalty programs.
Bain’s assessment challenges any notion of a fully mature market and highlights ongoing opportunities tied to evolving consumption patterns and the broader financial ecosystem.
With a largely digitized consumer base already in place, the next phase of growth will depend on players’ ability to capture value through smarter data use, ecosystem expansion, and tailored solutions that extend beyond core transaction processing. The consultancy sees Brazil’s digital payments sector continuing to evolve and expand meaningfully through 2030, driven by both structural consumption shifts and new service innovations.
2028ಕ್ಕೆ ಸಿಎಂ ಆಗ್ತೀನಿ ಎಂದಿದ್ದ ಶಿವಾನಂದ ನೀಲಣ್ಣವರ ಈಗ ಪೊಲೀಸ್ ವಶದಲ್ಲಿ ! I Belagavi Investment Scam
ಅನಧಿಕೃತವಾಗಿ ಬಡ್ಡಿ ವ್ಯವಹಾರ ಮಾಡಿದ ಬೆಳಗಾವಿಯ ಶಿವಂ ಅಸೋಸಿಯೇಟ್ಸ್ ಮಾಲೀಕ ಶಿವಾನಂದ ನೀಲಣ್ಣವರ ಅವರನ್ನು ಶುಕ್ರವಾರ ರಾತ್ರಿ ಬಂಧಿಸಲಾಗಿದೆ. ₹50 ಕೋಟಿಗೂ ಹೆಚ್ಚಿನ ಬಡ್ಡಿ ವ್ಯವಹಾರ ಮಾಡಿದ್ದು ಮೊದಲ ಹಂತದಲ್ಲೇ ಖಾತ್ರಿಯಾಗಿದೆ. 35 ಸಾವಿರಕ್ಕೂ ಹೆಚ್ಚು ಜನ ಇವನ ಬಳಿ ಠೇವಣಿ ಇಟ್ಟಿದ್ದಾರೆ. ಇಷ್ಟೂ ಹಣ ಅವನು ಪಡೆದುಕೊಂಡಿರುವುದು ಕೈಸಾಲದ ರೂಪದಲ್ಲಿ. ಹುಬ್ಬಳ್ಳಿಯ ಉಣಕಲ್ ಮೂಲದ ಶಿವಾನಂದ ನೀಲಣ್ಣವರ ಜೀವನ ಸಾಮಾನ್ಯ ಹಿನ್ನೆಲೆಯಿಂದ ಆರಂಭವಾಗಿತ್ತು. ಮೆಡಿಕಲ್ ಕಾಲೇಜಿನಲ್ಲಿ ಜವಾನನಾಗಿ ಕೆಲಸ ಶುರು ಮಾಡಿದ ನೀಲಣ್ಣವರ, ‘ಶಿವಂ ಅಸೋಸಿಯೇಟ್ಸ್’ ಹೆಸರಿನಲ್ಲಿ ಸಾವಿರಾರು ಕೋಟಿ ಮೌಲ್ಯದ ಹೂಡಿಕೆ ಸಂಸ್ಥೆ ಸ್ಥಾಪಿಸಿದ್ದೇ ರೋಚಕ.
Belagavi Investment Scam: Shivam Associates Owner Arrested I Illegal Interest Racket Worth ₹50 Crore Unearthed in Belagavi I Shivam Associates Under Scanner; Thousands of Investors Affected I ‘36% Monthly Interest’ Promise Lands Belagavi Financier in Trouble I Massive Deposit Fraud Probe Begins Against Shivam Associates I Karnataka Officials Crack Down on Illegal Investment Network I Shivam Associates Case: FIR Filed Under BUDS and KPID Acts I Social Media Videos Expose Alleged Financial Empire of Shivananad I Thousands Invested Through App; Probe Intensifies in Belagavi I Belagavi Man Arrested for Alleged Multi-Crore Illegal Deposit Scheme
#ಶಿವಂಅಸೋಸಿಯೇಟ್ಸ್ #ಶಿವಾನಂದನೀಲಣ್ಣವರ #ಬೆಳಗಾವಿ #ಅನಧಿಕೃತಬಡ್ಡಿವ್ಯವಹಾರ #ಹೂಡಿಕೆವಂಚನೆ #ಬಡ್ಸ್ಆ್ಯಕ್ಟ್ #ಕೆಪಿಐಡಿ #ಹಣಕಾಸುವಂಚನೆ #ಕರ್ನಾಟಕಸುದ್ದಿ #ಬೆಳಗಾವಿಸುದ್ದಿ #ShivamAssociates #ShivanandNeelannavar #Belagavi #InvestmentScam #IllegalDepositScheme #FinancialFraud #KarnatakaNews #BUDSAct #KPIDAct #FraudCase #InvestorAlert
ತಾಜಾ ಸುದ್ದಿಗಳಿಗಾಗಿ:
ಫೇಸ್ಬುಕ್ನಲ್ಲಿ ಫಾಲೋ ಮಾಡಿ:
ಇನ್ಸ್ಟಾಗ್ರಾಮ್ ಫಾಲೋ ಮಾಡಿ:
ಟ್ವಿಟರ್ನಲ್ಲಿ ಫಾಲೋ ಮಾಡಿ:
ತಾಜಸುದ್ದಿಗಳನ್ನು ಟೆಲಿಗ್ರಾಂ ಚಾನೆಲ್ನಲ್ಲಿ ನೋಡಿ:
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