Bessent says Trump’s pick for the next Fed chair could happen next week

Key Points

After months of speculation and political intrigue, President Donald Trump is close to nominating the next chair of the Federal Reserve, Treasury Secretary Scott Bessent told CNBC on Tuesday.
“My guess is the president will reach a decision maybe as soon as next week,” he said during the interview at the World Economic Forum in Davos.

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Finance

Stocks making the biggest moves premarket: Alibaba, EchoStar, Micron & more

May 13, 2026

Check out the companies making the biggest moves premarket: EchoStar — Shares rose nearly 4.5% after the Federal Communications Commission approved the company’s $40 billion sale of wireless spectrum to AT & T and SpaceX. The company is selling 50 megahertz of its spectrum to AT & T and 65 megahertz to SpaceX. Alibaba — […]

Finance

Traders believe inflation could near 5% this year

May 12, 2026

Key Points Traders on Kalshi think inflation will likely rise above 4.5% in 2026. A smaller number believe price increases will breach 5%. Those levels are higher than economists’ forecasts, which see inflation peaking at an average of 3.8% in the second quarter. Source

Finance

Greenlight’s David Einhorn pitches five turnaround stocks at Sohn, from AI to infrastructure

May 12, 2026

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