Jeffrey Gundlach says Fed’s Warsh is not going to be the ‘easy money’ chairman many hoped for
Gundlach said Warsh’s stance reduces the risk of overly accommodative monetary policy that could reignite inflation and push longer-term borrowing costs higher.
Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026
The median projection called for the federal funds rate to end 2026 at 3.8%, a quarter percentage point above the current target range.
Stocks making the biggest moves midday: SpaceX, JPMorgan, UniQure, Intel, Figma, Nano Nuclear & more
These are some of the stocks posting the largest moves midday.
UniQure to seek FDA approval for Huntington’s disease gene therapy after previous clash with agency
The announcement comes months after UniQure became embroiled in a public debate with FDA leaders over the clinical trial data supporting its application.
Less than one-third of global workers feel their jobs are safe, ADP survey data shows
Even with global unemployment at historically low levels, workers are not feeling secure.
Allbirds continues AI pivot with name change and CEO hire, sending stock soaring
Allbirds became NewBird AI in April and said it would trade shoes for AI compute infrastructure.
Amazon AI exec predicts first ‘commercially useful’ quantum computers in 5-7 years
Quantum computing is becoming an increasingly competitive field, with tech giants including Microsoft, Google and IBM developing the technology.
SpaceX surge is creating a unique hedging opportunity
Tuesday’s launch of SpaceX options set new records for a first-day, post-IPO options volume.
Strait of Hormuz threat level downgraded after Iran deal, says U.S.-led maritime security group
The behavior of Iranian forces “has become less volatile” and the U.S. Navy continues to provide oversight, the Joint Maritime Information Center said.
Fed meeting recap: Warsh announces task forces to overhaul major Federal Reserve operations
The Federal Reserve’s rate decision on Wednesday marks the first one with Kevin Warsh at the helm.
