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

Finance

Berkshire Hathaway downgraded to sell by KBW, citing Buffett succession, ‘many’ other issues

October 27, 2025

Keefe, Bruyette & Woods downgraded Berkshire Hathaway to underperform, warning that Warren Buffett’s succession risk and a slew of business-specific headwinds could weigh on the conglomerate’s earnings and share performance over the next year. The brokerage slashed its rating to the equivalent of sell from neutral, and cut its price target for Berkshire’s Class A […]

Finance

Stocks making the biggest moves premarket: AMD, Lululemon, GameStop, Nvidia, Five Below and more

October 27, 2025

Check out the companies making the biggest moves in premarket trading: Rare earth stocks — Treasury Secretary Scott Bessent said Sunday he expects China to delay imposing strict rare earth export controls as part of a trade deal with the U.S., sending shares of rare-earth miners lower. United States Antimony tumbled nearly 15%, Critical Metals […]

HSBC to recognize .1 billion provision in third quarter after court ruling in Madoff case

Finance

HSBC to recognize $1.1 billion provision in third quarter after court ruling in Madoff case

October 27, 2025

Key Points HSBC said on Monday that it will recognize a provision of $1.1 billion in its third quarter results. A Luxembourg court denied HSBC’s appeal in respect of Herald’s securities restitution claim. Source