Donald J. Trump
Energy Secretary Chris Wright says Trump push to produce more oil is driving down prices
Energy Secretary Chris Wright said Thursday that the oil market is discounting President Donald Trump’s push to produce more crude and gas in the United States. “We’ve seen a market discounting the fact that clearly it’s going to be easier to produce oil and gas in the United States,” Wright told CNBC’s “Squawk Box.” “More […]
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‘Buy Tesla,’ Commerce chief Lutnick urges as Musk leads DOGE for Trump administration
Elon Musk, chief executive officer of Tesla Inc., from left, Howard Lutnick, US commerce secretary, walk on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Friday, March 14, 2025. Al Drago | Bloomberg | Getty Images Commerce Secretary Howard Lutnick urged the public to “buy Tesla” stock, […]
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U.S. households are more invested in stocks than ever and it’s distorting market valuation, says JPMorgan
American households are allocating so much money to U.S. stocks that the valuation of the whole market is now dependent on their appetite, according to JPMorgan. Individual investors have become the most important holder of U.S. equities, owning around 60% of the universe, the Wall Street firm said. This record level of ownership creates a […]
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Nike will report earnings after the bell. Here’s what Wall Street expects
Pedestrians walk past a Nike store featuring a modern design and mannequins displaying winter apparel on December 5, 2024, in Wuhan, Hubei Province, China. Cheng Xin | Getty Images Nike will report fiscal third-quarter earnings after the bell on Thursday and provide updates on its turnaround plan as it navigates new tariffs and soft consumer […]
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‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting inflation impacts
The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve. Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation […]
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Europe stock markets set for muted open ahead of central bank bonanza
European markets are heading for a cautious open Thursday, with major bourses set to open nearly flat as investors await monetary policy announcements from the Bank of England, Swiss National Bank and Sweden’s Riksbank. The flurry of European activity comes after the U.S. Federal Reserve on Wednesday held its key rates, while indicating two quarter […]
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White House forces out CEO of passenger railroad Amtrak
Amtrak CEO Stephen J. Gardner looks on during a hearing before the House Subcommittee on Railroads, Pipelines, and Hazardous Materials in the Rayburn House Office Building on June 6, 2023 in Washington, DC. Anna Moneymaker | Getty Images The White House this week forced Amtrak CEO Stephen Gardner to step down as head of the U.S. passenger railroad […]
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DOGE doxx site maps ‘Musk World’ as Trump AG threatens Tesla vandals with federal charges
Zoom In IconArrows pointing outwards A new online map is highlighting locations across the United States of Tesla dealerships and Superchargers, along with purported addresses and phone numbers connected to members of the Trump administration’s DOGE team, led by Tesla CEO Elon Musk. The DOGEQUEST map spread online this week, as police continued to investigate […]
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Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year
U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., February 12, 2025. Nathan Howard | Reuters Federal Reserve officials slashed their economic outlook in the latest projections released Wednesday, seeing the U.S. economy growing […]
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FTC commissioner fired by Trump says her ouster should concern markets
One of the two Democratic commissioners at the Federal Trade Commission whom President Donald Trump abruptly fired Tuesday warned that her ouster could erode market stability. “This isn’t just about the FTC, and it’s not about my job,” former commissioner Rebecca Kelly Slaughter said Wednesday on CNBC’s “Squawk on the Street.” “This is about policing […]
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