Trump, Jerome Powell and Fed
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Trump, Tariffs and stock futures
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16hon MSN
U.S. stocks are shaky on Wednesday after President Donald Trump said he had “talked about the concept of firing” the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates that it loves but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control.
Stocks were mostly lower, with the 30-year bond yield up, after conflicting reports about whether President Trump is looking to fire Federal Reserve Chair Jerome Powell soon.
Donald Trump Jr., a board member and shareholder of GrabAGun, rang the opening bell for the New York Stock Exchange to chants of “USA!” from the floor.
4hon MSN
Online firearms seller GrabAGun Digital Holdings made its market debut after Donald Trump Jr. rang the opening bell at the New York Stock Exchange.
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Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.
Guggenheim analyst Ronald Jewsikow cut his Rivian rating to Hold from Buy. He also dropped his price target of $16.
With 1,100 tonnes of emergency food rations nearing expiry in a U.S. government warehouse in Dubai after President Donald Trump's aid freeze, it took a warning of "wasted tax dollars" for a top U.S. official to eventually agree to a deal for the supplies to be used,