Month: April 2026
Bessent defends U.S. dollar swap lines as Iran war harms global finances
Key Points Treasury Secretary Scott Bessent in a social media post Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia during the Iran war. The ongoing discussions with those countries about U.S. dollar swap lines “are part of ongoing, routine conversations that @USTreasury has been […]
Read More
Bettors on Kalshi now see Warsh likely confirmed by mid-May after DOJ drops Powell probe
Key Points Bettors on prediction markets platform Kalshi now see an 86% chance Kevin Warsh is confirmed as Chairman of the Federal Reserve by May 15. Before the Department of Justice announced it was dropping a criminal inquiry into current Fed Chair Jerome Powell, those odds were around 30%. The end of the probe into […]
Read More
European stocks fall as ceasefire optimism fades; Novo jumps after Lilly weight loss pill prescription data
A bear statue stands outside the Frankfurt Stock Exchange on April 7, 2025 in Frankfurt, Germany. Florian Wiegand | Getty Images European stock markets finished lower on Friday, as uncertainty over U.S.-Iran peace talks weighed on investor sentiment. The pan-European Stoxx 600 closed the day down 0.6%, with most regional sectors and major bourses in […]
Read More
We’re booking a 375% gain in a stock to raise cash for unloved names
We are selling 25 shares of Broadcom at roughly 418.57. Following the trade, Jim Cramer’s Charitable Trust will own 365 shares of AVGO, decreasing its weighting in the portfolio to roughly 4% from 4.30%. Semiconductor stocks are having another strong day in the market, thanks to Intel’s positive commentary about central processing unit (CPU) demand […]
Read More
AMD shares soar 12% on no company news. Here’s what has investors so excited
Intel’s latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging. The numbers led investors to scoop up shares of another major chipmaker: Advanced Micro Devices. AMD shares soared more than 12% on Friday as Wall Street analysts were […]
Read More
Wall Street’s ‘fear gauge’ is doing something unusual. What it means
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 23, 2026. Jeenah Moon | Reuters Something interesting is happening in the options market. The S&P 500 touched record highs Thursday morning, but the Cboe Volatility Index (VIX) remained stuck near 20 and is up from […]
Read More
DOJ drops criminal probe of Fed Chair Powell, removes hurdle for Warsh confirmation
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images Kevin Warsh, nominee for chairman of the Federal Reserve, arrives for his Senate Banking, Housing and Urban Affairs Committee confirmation […]
Read More
Musk v. Altman heads to court next week. Here’s what’s at stake
A yearslong legal brawl between Elon Musk, the world’s richest man, and OpenAI CEO Sam Altman heads to court in Northern California on Monday in a dramatic showdown between two of the most high-profile names in the tech industry. In his $134 billion lawsuit, Musk claimed that OpenAI, Altman and the company’s president, Greg Brockman, […]
Read More
Iran’s top diplomat expected in Pakistan Friday night to discuss peace plans: MS NOW
Iran’s Foreign Minister Abbas Araghchi is expected to head to Islamabad Friday night to discuss the next steps in stalled peace negotiations with the U.S., a Pakistani official involved in the matter told MS NOW. Araghchi and a small team are expected to talk with Pakistani mediators about a potential second round of negotiations with […]
Read More
FDA fast-tracks psychedelic drug research following Trump executive order
FILE PHOTO: Psilocybin or “magic mushrooms” are seen in an undated photo provided by the U.S. Drug Enforcement Agency (DEA) in Washington, U.S. May 7, 2019. DEA | Reuters The U.S. Food and Drug Administration on Friday announced a series of measures aimed at accelerating the development of psychedelic treatments for serious mental illness. That […]
Read More