The interest rate outlook will come back into focus next week with key inflation data and Federal Reserve meeting minutes coming out ahead of Thanksgiving, as investors wrap up a major month for markets following President-elect Donald Trump’s election victory. The October personal consumption expenditure (PCE) price index set to release Wednesday could dent already-dimming … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Charles Bobrinskoy, Ariel Investments vice chairman and Ryan Detrick, Carson Group chief market strategist, joins ‘Closing Bell Overtime’ to talk the day’s record market action. Source link
Robinhood Chief Legal Officer Dan Gallagher, reportedly a top contender to lead the Securities and Exchange Commission under President-elect Donald Trump, said Friday he is not interested in returning to a government position. Gallagher was appointed to the agency by former president Barack Obama and served as an SEC commissioner from 2011 to 2015. “It … Read more
The Dodgers and pitcher Dustin May avoided arbitration Friday by agreeing to a one-year, $2.135 million contract for the 2025 season, according to a person with knowledge of the situation who wasn’t authorized to speak publicly. The deal came ahead of MLB’s Friday night deadline for teams to tender contracts to arbitration-eligible players for next … Read more
Kevin Warsh Jin Lee | Bloomberg | Getty Images President-elect Donald Trump is considering naming Kevin Warsh as Treasury secretary then ultimately sending him off to serve as Federal Reserve chair, according to a Wall Street Journal report. A former Fed governor himself, Warsh would move over to the central bank after current Chair Jerome … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email x2B Co-Founders Michael Bressler and Benoit Bosc joins ‘Closing Bell Overtime’ to talk bitcoin’s record rally, the x2B platform, managing risk in the crypto space and more. Source link
The Dow surged 426 points to a record close Friday, and all three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world’s biggest economy. The Dow Jones Industrial Average finished at 44,296.51, up 1%, a day after soaring more than 450 points. The S&P 500 gained 0.4%, while the … Read more
We’re about a month into the NBA season, and while the injury bug has bitten nearly every team in one way or another, there are other worries that are worth … well, worrying about. The Athletic asked its NBA staff for each team’s biggest concern at this point. The responses covered the full spectrum, from … Read more
While SpaceX founder Elon Musk may be dead set on one day living on another planet, the firm’s chief operating officer says she plans to keep things terrestrial, for now. “I think Elon wants to retire on Mars. I’m not interested in Mars,” Gwynne Shotwell, the SpaceX president and COO told Baron Capital founder Ron … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Eric Jackson, EMJ Capital, joins ‘Closing Bell’ to discuss Bitcoin’s recent performance, the actual use of a strategic reserve for Bitcoin, and much more. Source link