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Trump Nominates Kevin Warsh to be Next Fed Chair
Opting for a conventional choice to lead the Federal Reserve, President Trump on Friday nominated former Fed governor Kevin Warsh.
Software Stocks Enter Bear Market On AI Disruption Fear With ServiceNow Plunging 10%
Investors question whether AI competitors and automation tools could erode demand for traditional software licenses and workflows.
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Bankers Turned Brief Billionaires, Then Came 89% Crash
Two founders of a little-known Hong Kong investment bank briefly became billionaires in recent days following a baffling stock surge.
Musk Sells Another $6.9 Billion of Tesla Ahead of Twitter Trial
Musk offloaded $6.9B worth of stock in Tesla to accumulate cash ahead of trial that could force him to follow through on agreement to acquire Twitter.
Treasury Yield Curve Inversion Has Scope to Deepen, BofA Says
Extent of inversion will depend on terminal rate, which will likely be a function of inflation, Meghan Swiber, Dir. of US rates strategy at BofA.
Coinbase Executives Misled Shareholders About Public Listing, New Lawsuit Alleges
A shareholder wants the exchange’s executives to pay damages to the firm for allegedly mismanaging its public listing.