Trump’s Fed Chair Search Becomes Hunt For Elusive Unicorn
President Donald Trump’s search for a new Federal Reserve chair is becoming a hunt for an elusive unicorn.
AI May Generate Only Half The Profit Needed To Justify The Investment, Goldman Analyst Warns
The S&P 500 hit a new record high yesterday, up 0.62% at 6,944.82. Futures are marginally down this morning, as might be expected.
Asset Manager Janus Henderson Gets Bought By Trian, General Catalyst For $7.4 Billion
Trian and General Catalyst will pay $49 per share in cash, valuing Janus at about $7.4 billion. The deal is expected to close in mid-2026, they said.
Treasury Secretary Bessent Calls For Looser Regulations For The U.S. Financial System
U.S. Treasury Secretary Scott Bessent is proposing to overhaul a regulatory panel that monitors the nation's financial stability.
Waller Calls For October Cut And Then Caution As He Competes For Fed Chair Post
Fed governor Chris Waller said he is in favor of trimming interest rates by another quarter percentage point at the end of this month.