In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell.
Trump to announce tariff truce extension, aircraft purchases from Boeing in China, traders predict
Traders also think it is likely that the president will talk about Iran, despite his comments that the U.S. doesn’t need China’s help in resolving the war.
Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
Stocks making the biggest moves premarket: Alibaba, EchoStar, Micron & more
These are the stocks posting the largest moves premarket.
$2B test for the art market: Here’s what to know
The art market about to give a glimpse into the wealthy. CNBC’s Robert Frank joins ‘Squawk Box’ with the details.
Buy these ‘cheap’ stocks, Barclays says, as luxury’s ‘self-help stories’ pay off
The conflict in the Middle East has weighed heavily on the world’s biggest luxury stocks, but Barclays sees a buying opportunity.
Nvidia says CEO Jensen Huang is joining Trump’s China trip
The U.S. chipmaker executive was not included in earlier lists of business leaders participating in President Donald Trump’s trip to China this week.
Greenlight’s David Einhorn pitches five turnaround stocks at Sohn, from AI to infrastructure
The Greenlight Capital founder pitched five investment ideas in New York, focusing on companies he said are in a transitional period with catalysts for growth.
Traders believe inflation could near 5% this year
Prediction markets traders see two-in-three odds that inflation will go above 4.5% this year, and nearly 40% odds that prices will accelerate above 5%.
Markets raise chances for a Fed rate hike following hot inflation report
Market pricing took virtually any chance of a cut off the table between now and the end of 2027.