Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own
Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own
Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
OpenAI pulls back from Stargate Norway data center deal as Microsoft takes over
The AI startup is now in discussions with Microsoft about renting compute capacity
OpenAI pulls back from Stargate Norway data center deal as Microsoft takes over
The AI startup is now in discussions with Microsoft about renting compute capacity
Bank of America tops estimates as CEO Brian Moynihan says consumer banking is ‘healthy’
Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
Power Insider: The markets are obsessed with the Strait of Hormuz. Why it matters less than you think
Retail and pro traders are obsessed with gauging the traffic in the Strait of Hormuz, thinking they can gain an edge on where oil prices are going. They can’t.
Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
Trump’s comments come at a time when the U.K. government has said the Iran war energy shock shows the need “to get off the fossil fuel rollercoaster.”
U.S. Treasury yields hold steady as markets eye Middle East resolution
U.S. Treasury yields were unchanged Wednesday as investors weighed the latest developments in the Middle East.
Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 8%
Hermes said wholesale activity was “significantly affected” in the first quarter by lower sales to concession stores, particularly in the Middle East and in airports.
Why Wells Fargo says it might be time to take profits on energy — even as the bank hikes its oil price forecasts
Oil prices are likely to remain well above their levels prior to the Iran war, the consequences of which have choked global supply for the foreseeable future.
