Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

Key Points

Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building.
“This is about the largesse and the fact that he has systemically mismanaged the Fed,” Vought told CNBC.
The accusations represent another front on Trump’s ongoing campaign against Powell.

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Finance

Stocks making the biggest moves midday: Penn Entertainment, Robinhood, Levi Strauss & more

July 11, 2025

Check out the companies making the biggest moves midday: Penn Entertainment – The gaming stock dropped more than 5% following the release of weak regional gaming revenue data. On Friday, Iowa and Indiana both reported year-over-year declines in statewide gaming revenues. For Penn Entertainment revenues specifically, Iowa saw a 14% slide compared to last year, […]

Finance

Stocks making the biggest moves premarket: Coinbase, Levi Strauss, AMC and more

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Check out the companies making headlines before the bell. Levi Strauss — The denim apparel stock rose 7% after second-quarter results topped expectations. Levi Strauss reported 22 cents in adjusted earnings per share on $1.45 billion of revenue. Analysts surveyed by LSEG were looking for 13 cents per share and $1.37 billion. The company also […]

Finance

Why 22 million people may see ‘sharp’ increase in health insurance premiums in 2026

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Key Points The so-called “big beautiful bill” that President Donald Trump signed on July 4 cut taxes for many households. However, the law didn’t extend an enhanced premium tax credit that has lowered health insurance premiums for millions of Affordable Care Act enrollees in recent years. The tax break is slated to end after 2025, […]