Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

Key Points

Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building.
“This is about the largesse and the fact that he has systemically mismanaged the Fed,” Vought told CNBC.
The accusations represent another front on Trump’s ongoing campaign against Powell.

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Finance

Stocks making the biggest moves midday: Oracle, AST SpaceMobile, Revolution Medicines and more

October 17, 2025

Check out the companies making the biggest moves midday: AppFolio — The cloud-based business software provider climbed 7% after an upgrade to overweight from equal weight at KeyBanc, with a 12-month price target of $285, according to FactSet’s StreetAccount service. AST SpaceMobile — Shares in the space-based broadband cellular network dropped 6% after more than […]

Finance

Gold’s record run leads to latest market-moving tweak to the classic 60/40 investing portfolio

October 17, 2025

ETF Edge Gold’s record run leads to latest market-moving tweak to the classic 60/40 investing portfolio Published Fri, Oct 17 202511:50 AM EDTUpdated 14 Min Ago Krysta Escobar WATCH LIVE Source

Finance

Moody’s says the banking system, private credit markets are sound despite worries over bad loans

October 17, 2025

Key Points Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to Marc Pinto, Moody’s head of global private credit. “One cockroach does not a trend make,” Pinto said. Market sentiment appeared to improve Friday after a sell-off Thursday. Source