EXPLAINER
Iran war’s big winners: Wall Street, weapons firms, AI and green energy
The global economic outlook for 2026 looks grim if the Iran war continues, but some industries are booming.
![The confirmation hearing from Kevin Warsh, Trump’s pick to be Powell’s potential successor is scheduled for next Tuesday [File: Kent Nishimura/Reuters]](https://www.aljazeera.com/wp-content/uploads/2026/04/2025-07-24T214447Z_34146845_RC28TFAVNX5J_RTRMADP_3_USA-TRUMP-FED-1776262869.jpg?resize=770%2C513&quality=80)
![It’s been 10 years since the Panama Papers leak exposed how the world’s richest hide their wealth. From offshore shell companies to political scandals, the documents revealed a global network of secret finances. [Al Jazeera]](https://www.aljazeera.com/wp-content/uploads/2026/04/image-1775229416.jpg?resize=770%2C513&quality=80)
![The federal reserve held rates steady for the second time of 2026 [Kevin Lamarque/Reuters]](https://www.aljazeera.com/wp-content/uploads/2026/03/2026-03-18T184722Z_1921493521_RC267KATAUUB_RTRMADP_3_USA-FED-1773860311.jpg?resize=770%2C513&quality=80)
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US to end prosecution of Turkiye’s Halkbank over alleged business with Iran
US prosecutors say Turkish assistance in negotiating ceasefire , release of captives from Gaza contributed to settlement.
Bolivian military plane carrying banknotes crashes near capital, killing 20
Air Force plane transporting cash veers off runway and into busy road; crowds scramble for scattered banknotes.
How banks, billionaires aided Epstein after his 2008 conviction
Federal documents reveal how financiers, billionaires and major banks remained intertwined with Epstein for years.
Is Trump’s choice for US Fed chair a ‘chameleon’ or a ‘solid’ pick?
Experts vary in their views on Kevin Warsh, Trump’s nominee to replace Jerome Powell as head of the US central bank.
US Federal Reserve holds interest rates steady despite political pressure
The central bank will maintain rates at 3.5 to 3.75 percent and warned of ‘elevated’ economic uncertainty.
![The decision comes despite ongoing political pressure as US President Donald Trump has called for more aggressive interest rate cuts [File:Nathan Howard/Reuters]](https://www.aljazeera.com/wp-content/uploads/2026/01/2026-01-13T144147Z_2075403647_RC2C0JA6N16M_RTRMADP_3_USA-TRUMP-FED-POWELL-1769627465.jpg?resize=770%2C513&quality=80)
Trump’s JPMorgan Chase lawsuit revives debanking concerns in US
Workers in ‘risky’ industries and many religious and ethnic groups have been denied access to financial services.
Trump sues JPMorgan and CEO Dimon over alleged ‘debanking’
The $5bn lawsuit alleges JPMorgan abruptly closed multiple accounts in 2021 cutting off Trump & his firms from financing
JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’
JPMorgan CEO Dimon said that Trump’s push to cap rates at 10 percent would result in consumers losing access to credit.
![Dimon said Trump’s proposed credit card interest rate caps would remove credit from 80 percent of Americans [Denis Balibouse/Reuters]](https://www.aljazeera.com/wp-content/uploads/2026/01/2026-01-21T131612Z_76809118_RC2O5JAJIBJG_RTRMADP_3_DAVOS-MEETING-JPMORGAN-1769022298.jpg?resize=770%2C513&quality=80)
US Supreme Court appears reluctant to let Trump fire Fed’s Lisa Cook
During two hours of arguments, some justices pressed US lawyer on why Cook was not given a chance to formally respond.
US Fed Chair Powell to attend Supreme Court session on Cook case: Report
Powell appears to be casting off last year’s more subdued response to Trump’s repeated attacks on the Fed, AP reported.
