Trump Has Made His Major Decisions on His Crypto Regulation Team, Now Also OCC
With picks at the banking agency and consumer watchdog, the field of major nominees is mostly complete, showing a deep roster of finance and federal know-how.
US Inflation Tops Forecasts, Bolstering Case for Fed to Hold
(Bloomberg) -- US inflation picked up broadly at the start of the year, further undercutting chances of multiple Federal Reserve interest-rate cuts this year at the same time the Trump administration presses forward with tariffs.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayThe Forgotten Frenc
Downtrodden Alibaba stocks surge over 30% this year on AI hype
Hong Kong's Hang Seng Tech Index is up 18% this year, thanks to a sector-wide boost from DeepSeek.
Top Stock Movers Now: Kraft Heinz, CVS, Tesla, and More
U.S. equities dropped at midday when the January report on consumer prices showed inflation rose more than had been expected.
Schwab Expands 24-Hour Trading in Major Stocks and ETFs
Charles Schwab on Wednesday announced the broad availability of trading 24 hours a day, five days a week.
Petrobras Can Cope With Cheaper Oil Under Trump, CEO Says
(Bloomberg) -- Petrobras Chief Executive Officer Magda Chambriard said the Brazilian oil giant can withstand global prices sliding a little lower under Donald Trump, in part by leaning on its customers in China and India.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayThe Forgotten French Archit
Georgia’s drifts towards authoritarianism has repercussions for the London Stock Exchange
Georgia, until recently a source of economic optimism on the troubled fringes of Europe, has elected to follow an anti-democratic path towards Moscow. The ruling Georgian Dream party has effectively halted the country’s EU accession talks, triggering political unrest, Western sanctions and mounting investor anxiety.
3 Healthcare Stocks Skating on Thin Ice
Personal health and wellness is one of the many secular tailwinds for healthcare companies. But near-term speed bumps have persisted in the wake of COVID-19 as players destocked inventories in 2023 and 2024. This has capped returns as the industry’s six-month gain of 1.2% has lagged the S&P 500’s 12.8% climb.
Powell says Trump's comments won't affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's calls for lower interest rates won't lead the central bank to change its rate decisions. “People can be confident that we’ll continue to keep our heads down, do our work, and make our decisions based on what’s happening in the economy,” Powell said, under questioning from members of the House Financial Services Committee. Powell spoke on the second day of his semiannual testimony to Congress.
Vertiv Holdings Stock Sinks on AI Data Center Demand Concerns
Vertiv Holdings shares tumbled Wednesday on worries about the growth of artificial intelligence data centers.