US stocks fall after Trump picks Fed critic Kevin Warsh as Powell’s successor

U.S. stocks fell on Friday after President Donald Trump nominated former Fed Governor Kevin Warsh to lead the U.S. central bank, a decision many investors see as an aggressive choice.Investors expect Warsh to support lower interest rates, but falls far short of more aggressive monetary policy easing associated with some of the other potential nominees. […]

Wall Street is trying to shape Trump’s affordability ideas, sources say

Major Wall Street banks are pushing back on some of President Donald Trump’s ideas for lowering America’s cost of living ahead of the midterm elections, while proposing others in an effort to shape policy, sources familiar with the discussions said.Wall Street has cast doubt on the effectiveness of some of Trump’s proposals to improve affordability, […]

US stocks are rising higher while chip stocks are doing well

Wall Street’s major indexes rebounded Thursday after a two-day slide, thanks to a chip-led rally fueled by TSMC’s blockbuster results, as investors sifted through earnings from Morgan Stanley and Goldman Sachs to wrap up the big banks’ reporting season.Chip stocks like Nvidia rose 2%, while Broadcom and Micron rose 1.4% and 1.9%, respectively. Chip manufacturers […]

S&P 500 and Nasdaq steady after mixed results from JPMorgan and Delta Air

The S&P 500 and Nasdaq held steady Tuesday after a largely in-line inflation report kept expectations of rate cuts this year, while investors weighed mixed quarterly results from JPMorgan and Delta Air Lines.Excluding volatile food and energy components, U.S. consumer prices rose 0.2% in December from the previous month, softer than economists’ forecast of a […]

US stocks rise despite mixed employment data as expectations of a rate pause rise

Wall Street’s major indexes rose on Friday after a weaker-than-expected jobs report kept bets on US interest rate cuts intact.A Labor Department report shows nonfarm payrolls rose by 50,000 in December, compared with an estimated increase of 60,000 according to economists polled by Reuters. The unemployment rate fell to 4.4%, slightly below the expected 4.5%. […]