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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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'Of Course' Fed Should Be Independent, But Trump Will 'Make His Views Known': Bessent
Treasury secretary pick Scott Bessent told Senate lawmakers that the Fed should remain independent, but Trump "is going to make his views known."
Big Banks Enter The Trump Era On A High Note
When rates are high the nation's biggest banks win. Under the next president, with less oversight, they can win when rates are lower too.
Bofa's Wealth Management Division Achieved Significant Growth In 2024
Bank of America’s wealth management division, encompassing Merrill Lynch and its private bank, achieved significant growth in 2024.
Trump Treasury Pick Scott Bessent Defends Sweeping Tariffs In Contentious Senate Hearing
Ongoing uncertainty around tariffs was one of many issues before Treasury secretary pick Scott Bessent as he faced the Senate Thursday.