Fed’s Powell has had no contact with Trump after president said he’ll demand rates drop

Key Points

Powell’s comments came after Federal Reserve members announced they were keeping the benchmark interest rate steady.
“I’ll demand that interest rates drop immediately,” Trump said during a virtual appearance before the World Economic Forum in Davos, Switzerland last week.
“The public should be confident that we will continue to do our work as we always have, focusing on using our tools to achieve our goals and really keeping our heads down and doing our work,” Powell said Wednesday.

Source

Finance

A 5 million percent return in 60 years leaves Warren Buffett’s legacy unmatched

January 1, 2026

Key Points Warren Buffett has handed over the CEO reins to Greg Abel after a six-decade run. From 1964 to 2024, Berkshire delivered a compounded annual gain of 19.9%, nearly double the S&P 500’s 10.4%. As Buffett relinquishes the helm, investors are increasingly focused on what disappears with him. Source

Finance

Stocks making the biggest moves midday: Nike, Corcept Therapeutics, Taiwan Semiconductor & more

December 31, 2025

Check out the companies making the biggest moves midday: Nike — Shares of the sneaker giant rose around 4% after board members Tim Cook and Robert Holmes Swan, as well as Nike CEO Elliott Hill, increased their stakes, Verity data shows. The action comes as Nike wraps up a tough year. Corcept Therapeutics — Shares […]

Finance

Stocks making the biggest moves premarket: Intel, Hyatt Hotels, Taiwan Semiconductor & more

December 31, 2025

Check out the companies making headlines before the bell. Intel — The technology stock rose 1%. Earlier this week, Nvidia completed its $5 billion equity investment in Intel. Taiwan Semiconductor Manufacturing — Shares ticked up 1% after Reuters reported that Nvidia asked the semiconductor firm to boost its H200 production in response to Chinese orders […]