Fed’s Bowman says you can find ‘a lot additional work to do’ to deliver down inflation

Essential Factors

Federal Reserve Governor Michelle Bowman claimed Tuesday she expects additional desire level raises forward, with increased rates to prevail for a although right until inflation is subdued.
“I hope that after we realize a adequately restrictive federal funds fee, it will need to have to continue to be at that level for some time,” she mentioned.

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Finance

Robinhood CEO downplays OpenAI concerns on tokenized stock structure

July 8, 2025

Key Points In a CNBC interview Tuesday, Robinhood CEO Vlad Tenev defended the company’s OpenAI and SpaceX stock tokens, given concerns over how they’re structured. Last week, OpenAI issued a warning that Robinhood’s stock tokens do not represent equity in the company. “In and of itself, I don’t think it’s entirely relevant that it’s not […]

Finance

BlackRock keeps its foot on the private-markets pedal with another acquisition

July 7, 2025

BlackRock’s new acquisition pushes the asset manager one step deeper into private markets. The news The asset management giant on Monday announced an agreement to buy ElmTree Funds, a real estate investment firm that manages roughly $7.3 billion in assets. ElmTree, which leases commercial properties to single-tenant renters, will be integrated into BlackRock’s new group […]

Finance

Stocks making big midday moves: Tesla, Uber, Royal Gold, Stellantis, WNS and more

July 7, 2025

Tesla — The EV-maker tumbled almost 8% after CEO Elon Musk said he would form a new political party called “America Party.” Musk has been feuding with President Donald Trump, who called the new party “ridiculous.” Uber Technologies — Shares of the ride-hailing company hit an all-time high of $97.12 and recently were up by […]