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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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Investors Aren't Cheering For Fed Rate Cuts Anymore
As weaker-than-expected data has spurred concerns about US economic growth, markets have moved to price in more easing from the Fed this year.
A UBS Broker's Short-Selling Strategy Could Cost The Firm $95 Million
A UBS broker’s short-selling strategy on Tesla stock is at the center of a high-stakes arbitration ruling that could cost the firm $95 million.
Goldman Sachs May Cut More Than 1,300 Employees In Annual Review, Source Says
Goldman Sachs plans to trim its staffing by 3% to 5% in an annual performance review process this spring.
Robert Rubin Blames Trump for Most Uncertainty In 60-Year Career
Former Treasury Secretary Robert Rubin said President Donald Trump’s economic policies have stoked the “greatest uncertainty” in his 6-decade career.