Stanley Druckenmiller piled into regional banks and made this health-care stock his biggest bet

Key Points

Billionaire investor Stanley Druckenmiller built a sizable position in regional banks and made one health-care name his biggest position last quarter.
Druckenmiller bought $115 million worth of shares in the SPDR S&P Regional Banking ETF in the third quarter, making it the firm’s seventh-biggest holding.

Source

Finance

Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism ‘unprecedented’

April 29, 2026

Key Points Fed Chair Jerome Powell on Wednesday said he will stay on the Board of Governors for an indefinite period while a probe into the renovation of the central bank’s headquarters continues. The statement resolves for the moment a key question that hovered over the Federal Open Market Committee meeting. “The things that have […]

Finance

Here’s what changed in the new Fed statement

April 29, 2026

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Text removed from the March statement is in […]

Finance

Kalshi bettors see Powell staying on as Fed governor after chair term ends

April 29, 2026

Key Points Bettors on Kalshi think there’s just a 30% chance Powell leaves by June. On Polymarket, bettors think there’s an 87% chance he leaves between May 15 and May 22. Powell will address reporters after the Fed meeting today, where he is expected to be asked about his future as a governor. Source