Fed Chair Powell speaks on Capitol Hill this week with politics front and center

Fed Chair Powell speaks on Capitol Hill this week with politics front and center


Key Points
  • Federal Reserve Chair Jerome Powell heads to Capitol Hill this week, with testimony to Congress kicking off Tuesday morning as Powell presents the Fed’s monetary policy report.
  • Multiple White House officials have cranked up the heat on Powell to start lowering rates, and he’s now faced with two key Fed officials who have spoken out to say they could favor a cut in July.



Source

Stocks making the biggest moves after hours: Costco, Marvell Technology, Gap & more
Finance

Stocks making the biggest moves after hours: Costco, Marvell Technology, Gap & more

Check out the companies making headlines in after-hours trading. Costco Wholesale — Shares of the big-box retailer dipped less than 1% in the after-hours session. Costco reported $4.58 cents per share in earnings on revenue of $69.6 billion in the fiscal second quarter, while analysts polled by LSEG expected $4.56 cents per share in earnings […]

Read More
Oaktree’s Howard Marks says there’s no systemic problem with private credit
Finance

Oaktree’s Howard Marks says there’s no systemic problem with private credit

In this article BX Follow your favorite stocksCREATE FREE ACCOUNT watch now VIDEO3:3003:30 Howard Marks: No systemic problem with private credit Money Movers Veteran investor Howard Marks said he doesn’t see a widespread problem brewing in private credit, but warned that the sector’s rapid expansion over the past 15 years could expose weaker lenders when […]

Read More
States led by New York sue to block Trump’s latest tariffs, calling them an illegal end-run around Supreme Court
Finance

States led by New York sue to block Trump’s latest tariffs, calling them an illegal end-run around Supreme Court

Key Points New York AG Letitia James and other state prosecutors sued to block Trump’s new tariffs and demand refunds after the Supreme Court struck down his previous IEEPA tariffs. The lawsuit says Trump is misusing Section 122 of the Trade Act of 1974 and violating the Constitution and statutory rules requiring consistent tariff application. The […]

Read More