Odds of Trump tapping David Zervos for Fed chief jump on Kalshi after CNBC report

Key Points

Users on prediction market Kalshi are upping their bets that Jefferies Chief Market Strategist David Zervos will become the next Federal Reserve chair.
The move comes after sources told CNBC that President Donald Trump is considering 11 candidates to succeed current Fed Chair Jerome Powell once his term is up.

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Finance

New York AG James sues Zelle parent company for alleged fraud

August 13, 2025

Key Points New York Attorney General Letitia James sued the parent company of payment network Zelle for allegedly enabling fraud. James alleged that the company knew about ongoing fraud between 2017 and 2023 and did not take actionable steps to resolve it. The lawsuit follows a similar one by the Consumer Financial Protection Bureau that […]

Finance

Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder, sources say

August 13, 2025

watch now VIDEO9:2409:24 Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder: Sources Squawk Box The Trump administration is considering 11 candidates to replace Federal Reserve Chairman Jerome Powell when his term expires in May, including three that have not previously been publicly named, according to two administration officials who declined […]

Finance

Stocks making the biggest moves premarket: Cava, CoreWeave, Brinker, Hanesbrands and more

August 13, 2025

Check out the companies making headlines in premarket trading. Cava — The fast-casual restaurant chain plunged 23.6% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share […]