Bessent lists five finalists for Fed chair job, and Trump says decision coming before the end of the year

Bessent lists five finalists for Fed chair job, and Trump says decision coming before the end of the year


Key Points
  • Treasury Secretary Scott Bessent confirmed that the list of candidates to replace Federal Reserve Chair Jerome Powell has been winnowed down to five.
  • President Donald Trump told reporters that he anticipates naming a replacement by the end of the year. Powell’s term doesn’t expire until May.



Source

Stocks making the biggest moves midday: Lamb Weston, KB Home, Carnival, Oracle, CoreWeave & more
Finance

Stocks making the biggest moves midday: Lamb Weston, KB Home, Carnival, Oracle, CoreWeave & more

Check out some of the stocks making the biggest moves in midday trading. Lamb Weston – The producer of fries and frozen potato products saw shares tank 25%. Though Lamb Weston posted beats on the top and bottom lines in the second quarter, the company reaffirmed its full-year revenue guidance of $6.35 billion to $6.55 […]

Read More
Stocks making the biggest moves premarket: Oracle, CoreWeave, Nike, Coinbase & more
Finance

Stocks making the biggest moves premarket: Oracle, CoreWeave, Nike, Coinbase & more

Check out the companies making headlines before the bell. Oracle — Shares were up more than 5% in the premarket after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake. Coinbase — The crypto exchange rose nearly 3%. On Thursday, the […]

Read More
Friday could be a wild day of trading on Wall Street. Here’s why
Finance

Friday could be a wild day of trading on Wall Street. Here’s why

Key Points More than $7.1 trillion in notional options exposure is set to expire this Friday, according to Goldman. December options expirations are typically the biggest of the year, but this one eclipses all prior records. Source

Read More
Powered by WordPress | WP Magazine by WP Mag Plus