Trump faces a variety of choices as he seeks to fill Fed vacancies

Key Points

With the open seat on the influential Federal Reserve Board of Governors, President Donald Trump now has a number of strategic options at the central bank.
Will Trump use the position to nominate a gadfly to torment Chair Jerome Powell or pursue a different strategy focused more on the long-term direction of the Fed?
While Trump could be tempted to go the shadow-chair route — Treasury Secretary Scott Bessent in the past has advocated for that course — it might be an unappetizing choice for the nominee.

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Finance

Goldman Sachs CEO is looking at how the Wall Street bank can get involved in prediction markets

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Key Points The move signals growing institutional interest in a corner of finance that has gained increased traction among traders. Solomon met with the two big prediction companies and their leadership in the last two weeks, spending ‘a couple of hours with each’ to learn more. Goldman has a team of people spending time with […]

Finance

Morgan Stanley earnings top estimates driven by wealth management

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In this article MS Follow your favorite stocksCREATE FREE ACCOUNT People walk past Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty Images Morgan Stanley on Thursday reported fourth-quarter results that exceeded Wall Street expectations on the back of strong revenue from wealth management. Here’s what […]

Finance

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