Wars Box

• Kevin Warsh officially assumed the role of Federal Reserve chair on May 22, 2026, succeeding Jerome Powell who concluded an eight-year tenure on May 15. • Warsh is prioritizing price stability over immediate interest rate cuts, a stance that has alarmed Wall Street and contradicts the preferences of President Donald Trump. • This transition occurs amidst a period of market strength, with the Dow Jones, S&P 500, and Nasdaq all reaching record highs.

• Kevin Warsh officially succeeded Jerome Powell as the Chair of the Federal Reserve on May 22, becoming the 17th person to hold the position since 1913. • During his first FOMC meeting on June 17, Warsh reduced forward guidance, responding to ongoing pressure from President Donald Trump to implement further rate cuts. • This leadership transition occurs as Wall Street reaches new record highs this month, largely fueled by investor enthusiasm surrounding artificial intelligence.

• New Federal Reserve Chair Kevin Warsh presided over his first FOMC meeting, where the committee unanimously decided to keep interest rates unchanged at 3.5%-3.75%. • The decision comes as inflation has reached 4.2%, prompting Warsh to issue a clear pledge to prioritize price stability over political pressure for rate cuts. • Despite inflation concerns, the U.S. economy shows strength with the S&P 500 hitting record highs, strong jobs reports, and continued investment in artificial intelligence.

• Jon Favreau’s new film, *The Mandalorian and Grogu*, has set an unwanted franchise record by opening to the lowest box office numbers in *Star Wars* history. • Despite the poor commercial start, the film received critical praise from reviewers, including a four-star rating from *The Independent’s* Loughrey. • The critical reception highlights the film's success as a cautionary tale and its effective portrayal of its monstrous characters.

• Jon Favreau’s new film, *The Mandalorian and Grogu*, has set a negative franchise record by opening to the lowest box office numbers in *Star Wars* history. • Despite the poor commercial performance, the film received critical praise from some reviewers, including a four-star rating from The Independent’s Loughrey. • The film is noted for its thematic depth, specifically its willingness to portray "two monsters" as part of a cautionary tale.

Film starring Pedro Pascal next to ‘Baby Yoda’ took $165m globally on opening weekend, failing to surpass the opening of 2018 flop SoloThe Mandalorian and Grogu may have blasted into first place at the box office – but its launch was far, far away from impressive, having the lowest opening weekend for a Star Wars film since Disney took over the franchise.The film, which stars Pedro Pascal as the titular helmeted warrior who travels the galaxy with a tiny companion better known as “Baby Yoda”, made $102m at the domestic box office (North America and Canada) over the US’s four-day Memorial day weekend, contributing to a total $165m global box office. Continue reading...