Stock Market Today: Dow Wavers After Trump Moves to Oust Fed Governor Cook— Live Updates The Wall Street Journal Trump’s firing of Fed’s Lisa Cook tests Supreme Court’s limits on presidential power CNN ‘The flimsiest of unproven pretexts’: Democrats say Trump’s attempt to fire Fed governor is illegal Politico Trump Administration Live Updates: Lutnick Keeps Up White House Attacks on Fed Governor The New …
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Market Wrap: U.S. Equities Slump to Start the Week, with the Dow Shedding 349 Points
U.S. equities began the trading week in the red as investors await Nvidia’s (NVDA) second-quarter financial results that are scheduled to be released after markets close on Aug. 27. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The blue-chip Dow …
Read More »Bitcoin Sinks Below $110,000 as Fed Turmoil and Economic Data Loom
In brief Bitcoin dropped 2.8% to $109,882, with $940 million in long liquidations. Trump’s firing of Fed Governor Lisa Cook rattled markets, briefly sinking the dollar index. Investors await Q2 GDP revisions and core PCE inflation for clues on September rate cuts. Bitcoin is extending its weekend losses ahead of key macroeconomic events this week that could influence the U.S. …
Read More »Nvidia set for $260 billion price swing after earnings, options indicate
By Laura Matthews NEW YORK (Reuters) -Options traders are pricing in about a $260 billion swing in Nvidia’s market value following the chipmaker’s second-quarter earnings expected on Wednesday, U.S. options market data showed. Nvidia options implied a roughly 6% swing for the shares in either direction following the results, which will be reported after markets close on Wednesday, according to …
Read More »Lutnick says administration considering taking stakes in defense companies – Politico
Lutnick says administration considering taking stakes in defense companies Politico Trump Pentagon weighing equity stakes in defense contractors like Lockheed, says Lutnick CNBC Lutnick Suggests US Looking at Defense Industry After Intel Deal Bloomberg Lutnick: Defense Contracting Has ‘Been a Giveaway’ The Wall Street Journal US could seek piece of defense companies, Commerce chief says Yahoo Finance Source link
Read More »6 takeaways from Trump's war on Revolution Wind – Axios
6 takeaways from Trump’s war on Revolution Wind Axios Canceled wind project puts thousands of jobs at risk CNN Trump Rips Up the Rule Book in His War on Wind Farms Bloomberg Orsted shares sink to record lows after US halts wind farm off Rhode Island Reuters Trump Administration Issues Stop Work Order for Offshore Wind Project, Citing National Security Concerns Inside Climate News Source …
Read More »Trump Pentagon weighs equity stake in Lockheed: Lutnick
Top officials at the Pentagon are “thinking about” whether the U.S. should acquire equity stakes in leading defense contractors such as Lockheed Martin, Commerce Secretary Howard Lutnick said Tuesday. The Cabinet secretary, in an interview on CNBC’s “Squawk Box,” revealed the Defense Department’s interest in taking those stakes days after the U.S. government acquired 10% of Intel stock in a …
Read More »Student housing CEO says luxury is losing its appeal
Annex, a Scion community in Oxford, Ohio, that serves students of Miami University. Courtesy of Scion A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign …
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Read More »Southwest Airlines’ upcoming policy for plus-sized passengers questioned
Southwest Airlines will soon require travelers who don’t fit within the armrests of their seat to pay for an extra one in advance, part of a string of recent changes the carrier is making. The new rule goes into effect Jan. 27, the same day Southwest starts assigning seats. Currently, plus-size passengers can either pay for an extra seat in …
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