News

Trump to nominate economic advisor Stephen Miran to be new Fed governor, replacing Kugler

Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the central bank.

Prediction markets have a new favorite for the next Fed chair — Christopher Waller

Waller's chance on Kalshi has exceeded the previous front-runners, former Fed official Kevin Warsh and current National Economic Council Director Kevin Hassett.

Trump order will allow alternative assets like cryptocurrencies, private equity in 401(k)s

The executive order will direct the U.S. Secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined-contribution plans that are governed by ERISA.

Trump faces a variety of choices as he seeks to fill Fed vacancies

Fed Governor Adriana Kugler's surprise resignation last week brought back a scenario that seemed to be fading.

Opendoor tanks after earnings as CEO thanks new investors for 'increased visibility'

Opendoor shares soared 245% in July and got off to a hot start in August as retail investors poured into the online real estate company.

Op-Ed: The 'Advisory Firm of 1' — AI will change how your wealth is managed

Dr. Vinay Nair is the founder and CEO of TIFIN, a fintech platform using AI to build products for the wealth, insurance and asset management industries.

Prediction markets see Hassett and Warsh as Fed chair frontrunners as Trump talks up the 'Kevins'

In a wide-ranging interview on CNBC's "Squawk Box," Trump spoke highly of Hassett and Warsh as potential candidates to replace Powell.

AI is already impacting the labor market, starting with young tech workers, Goldman economist says

Unemployment rates among tech workers between 20 and 30 years old jumped by 3 percentage points since the start of this year, said Goldman Sachs' Joseph Briggs.

Trump says JPMorgan Chase, Bank of America rejected him as a customer

President Donald Trump said Tuesday that the two largest U.S. banks rejected him as a bank customer, reviving claims of debanking against conservatives.

Berkshire shares dip after earnings decline, lack of buybacks disappoint investors

A move that caught many by surprise was a big write-down for Berkshire's underperforming Kraft Heinz stake.

Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact

Berkshire's operating profit dipped 4% year over year to $11.16 billion in the second quarter.

‘The eye of the hurricane’: Why the U.S. job market has soured, economists say

Federal data suggests the job market has slowed more than previously thought amid economic headwinds.
1 2 3 4 194