Powell says he’s not worried about the Fed losing its independence under Trump

Key Points

Fed Chair Jerome Powell said Wednesday he isn’t worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January.
There are safeguards in the congressional legislation that created the central bank that will help preserve it from political influences, he said during an appearance in New York.

Source

Finance

Stocks making the biggest moves before the bell: UnitedHealth, Rigetti Computing, Coinbase, Hertz and more

May 13, 2025

Check out the companies making headlines in premarket trading. UnitedHealth — Shares dropped 7% in the premarket Tuesday after the company announced it was suspending its 2025 outlook due to higher-than-expected medical expenditures. UnitedHealth also announced CEO Andrew Witty was stepping down, effective immediately, for personal reasons. Stephen Hemsley will replace Witty as chief executive. […]

Finance

Fintechs that raked in profits from high interest rates now face a key test

May 13, 2025

Key Points In 2024, several fintechs — including Robinhood, Revolut and Monzo — saw a boost to their bottom lines from higher interest rates. Now, they face a key test as a broad decline in interest rates raises doubts about the sustainability of relying on this heightened income over the long term. Lindsey Naylor, partner […]

Coinbase joining S&P 500 days after bitcoin soared past 0,000

Finance

Coinbase joining S&P 500 days after bitcoin soared past $100,000

May 12, 2025

Key Points Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired. Shares of the crypto exchange soared in extended trading after the announcement. Bitcoin eclipsed the $100,000 market last week, approaching its record reached in January. Source