‘Big Short’ investor Steve Eisman on tariff turmoil: Don’t be a hero
Finance
Why electricity prices are surging for U.S. households
Key Points Electricity prices for households have risen quickly and are expected to outpace U.S. inflation in coming years, experts said. There are many supply and demand factors at play. Data centers are a major contributor to greater demand for electricity, while the U.S. also has an aging infrastructure for transmission and distribution of power, […]
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Finance
Stocks making the biggest moves midday: GXO Logistics, CarMax, Nvidia, Circle & more
Check out the companies making the biggest moves midday: GXO Logistics — The stock popped more than 11% after the supply chain and warehousing management firm raised its full-year earnings outlook. The company now sees EBITDA between $860 million and $880 million. GXO also appointed Patrick Kelleher as CEO, effective Aug. 19. CarMax — Shares […]
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Finance
Fed Governor Waller says central bank could cut rates as early as July
Key Points Fed Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be looking to lower interest rates as early as next month. “If you’re starting to worry about the downside risk [to the] labor market, move now, don’t wait,” he said. Most Fed policymakers prefer a […]
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