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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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Goldman, Bernstein Strategists Say Stocks Rally Set to Fade
Recent brisk rebound in equity markets won’t last as macroeconomic data continue to deteriorate and earnings forecasts are being slashed.
Mohamed El-Erian: 'The Fed Got Itself Into a Cognitive Trap'
El-Erian says the Fed bears responsibility for how high inflation has skyrocketed. Latest numbers showed a jarring spike of 9.1% year-over-year.
TD Bank Sued for Allegedly Double-Charging Customers Out-of-Network Fees
TD Bank is facing a lawsuit after a New Jersey customer claimed the bank overcharged for balance inquiries at an out-of-network ATM.
Summers Warns of ‘Economic Distress’ as Fed’s Powell Holds Out Hope
Summers and others are skeptical the Fed can cut inflation meaningfully without a jump in unemployment.