World
Fed holds rates steady but with highest level of dissent since 1992
An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank. In what may have been Chair Jerome Powell’s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold […]
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Microsoft and Nvidia finally became cheap enough for this value investor – and he plans to buy any dips
One value investor who envied the yearslong rise of artificial intelligence darlings Microsoft and Nvidia has finally found their prices compelling enough to snap up earlier this year. He also said he will be buying any dips. Chris Grisanti, chief market strategist at MAI Capital Management, oversees the MAI Focused Equity Strategy, which has $3 […]
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Alphabet first-quarter results likely to show continued growth, boosted by cloud
Google CEO Sundar Pichai looks on during the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | AFP | Getty Images Alphabet is set to report its first-quarter earnings after the bell Wednesday. Here’s what Wall Street is looking for, according to analysts polled by LSEG: Earnings per share: $2.63 Revenue: […]
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Trump Fed pick Kevin Warsh clears key Senate hurdle, teeing up final vote
The Senate banking committee on Wednesday voted to advance Kevin Warsh’s nomination to lead the Federal Reserve, teeing up President Donald Trump’s pick for a final confirmation vote in the Republican-controlled Senate. The vote fell along party lines, with all 13 Republican members voting in favor of the nominee and all 11 Democrats voting against […]
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A million-dollar gold bear emerges ahead of the Fed decision
One of the hottest trades of the past year might have run its course, if one options trader gets their way. In one of the most interesting macro trades of the day, someone sold upside call exposure in the SPDR Gold ETF (GLD) while simultaneously buying downside put exposure in a two-pronged trade that both […]
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Jet fuel bidding war breaks out as airlines confront ‘global stress test’ over shortages and cancellations
Europe is urgently turning to alternative suppliers of jet fuel as imports from the Middle East remain knocked out — but the continent must “fight for every cargo” in what analysts have dubbed a “global stress test” for the airline industry. The loss of Middle Eastern jet fuel because of the Iran war is quickly […]
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Treasury yields are little changed as investors await Fed decision
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images U.S. Treasury yields were little changed on Wednesday as investors awaited the outcome of what could be Jerome Powell’s […]
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UK’s biggest drugmakers see surprise profit bump, even as pharma grapples with U.S. policies
AstraZeneca and GSK, the U.K.’s second and ninth most valuable companies, both saw first-quarter profits beat expectations early Wednesday. Source
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Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $114 per barrel
Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East. Photos For You | Moment | Getty Images Oil prices advanced again on Wednesday as traders balanced the United Arab Emirates’ shock departure from OPEC with […]
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Trump threatens Iran with AI picture of himself with a gun: ‘No more Mr. Nice guy!’
US President Donald Trump takes questions during a press briefing in the Brady Briefing Room at the White House in Washington, DC, shortly after a shooting incident at the White House Correspondents’ Dinner on April 25, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump threatened Iran in a Truth Social post […]
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