Chip giant Nvidia is set to report second-quarter financial results, seen as a bellwether for the industry as worries about a tech bubble rise (I-Hwa Cheng) Asian markets diverged Wednesday morning following broad losses the previous day, as attention turns from political pressure on the US central bank to a key earnings report by AI…
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks were steady on Wednesday ahead of an earnings report from AI leader Nvidia that will shape near-term risk sentiment, while the U.S. dollar was frail as investors remained nervous about attacks on Federal Reserve autonomy. The U.S. Treasury yield curve has been steepening since President Donald Trump on…
President Trump’s move to fire Federal Reserve governor Lisa Cook could roil financial markets, raise uncertainty for investors and heighten concerns that the White House is trying to wrest control of the historically independent central bank, according to Wall Street analysts. Mr. Trump announced her removal in a letter posted Monday night on Truth Social, citing allegations…
President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook has triggered a legal showdown over the central bank’s independence. But on Wall Street, at least some investors aren’t worried about institutional norms; instead, they’re excited about the prospect of cheaper money over time. “This is very positive,” Jay Hatfield, CEO of Infrastructure Capital…
Editor’s note: On August 25th Donald Trump said that he had sacked Lisa Cook from the Federal Reserve’s board, alleging “deceitful and possibly criminal conduct in a financial matter”. Ms Cook said that the president had no authority to fire her and that she would not resign. A specialist trader works on the floor at…
President Donald Trump escalated his ongoing fight against the Federal Reserve with an unprecedented move to fire Fed Governor Lisa Cook, putting the central bank’s independence at risk and setting up a struggle that will play out in courts and financial markets. Futures for the S&P 500 dipped 0.14%, and the 10-year Treasury yield rose…
US stock futures teetered around the flatline as investors counted down to Nvidia’s (NVDA) earnings report. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) fluttered up 0.1%. Stocks fell on Monday, pulling back from last week’s record-setting rally following Federal Reserve Chair Jerome…
Bloomberg News is now tracking the daily gyrations and cumulative impact of Donald Trump’s second term on stocks, the dollar, 10-year Treasury notes, gold and Bitcoin. Click here to see the tracker . Traders are breathing easier heading into this week after Federal Reserve Chair Jerome Powell indicated that interest rate cuts are coming. The…
US stocks ripped higher Friday after Federal Reserve Chair Jerome Powell opened the door to a September rate cut during his speech at Jackson Hole — a dovish turn that lit a fire under speculative trades from meme stocks to crypto. “The baseline outlook and the shifting balance of risks may warrant adjusting our policy…
A consensus view on Wall Street for a rate cut next month doesn’t mean there will be a consensus on the Federal Reserve as policymakers still appear divided. In his Jackson Hole speech on Friday, Chairman Jerome Powell opened the door to a rate cut at the central bank’s meeting in September after months of…