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The Fed policy statement and press conference both appeared to signal a hawkish tilt, prompting futures markets to price in a bigger chance of a rate hike as soon as September. Warsh told reporters that the central bank would "deliver on price stability", while new quarterly projections - which he did not participate in - showed nine of 19 policymakers expected a rate hike by the end of 2026. President Donald Trump - who sharply criticized former Fed Chair Jerome Powell for not lowering rates - appeared to take this in his stride, saying on Wednesday that he would be guided by what Warsh wants.
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The SpaceX initial public offering was, by all accounts, a major success, and it has stayed red hot out of the gate. On Tuesday, its third day of trading, the stock peaked over $225 a share, before closing well off the highs at $201.68. For much of the day, Elon Musk’s rocket-and-AI company had a market capitalization larger than Amazon, which is worth $2.65 trillion. They finished the day roughly even. The question to ask now: Has the IPO and early trading revealed the true demand for SpaceX stock, or are we still in the honeymoon period, when it cannot be overvalued and do no wrong, before reality starts to settle in?
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The Wednesday afternoon decline in the S&P 500 after Federal Reserve officials signaled possible interest rate hikes to tamp down inflation accelerated into the close. While the Fed opted to keep rates unchanged at the end of Kevin Warsh’s first monetary policy meeting as Fed chairman, it was the so-called dot-plot of what central bankers see for rates and the economy that spooked the markets.
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June 18 (Reuters) - U.S. stock indexes rallied on Thursday, with the Nasdaq's 1.9% advance boosted by gains in semiconductor shares, while inflation fears eased after the U.S. and Iran signed a peace agreement, although investors still priced in interest rate hikes this year from
Last week's stock market debut of Elon Musk's SpaceX (SPCX.O) opens a new tab is forcing providers of equity indexes to reconcile two often-conflicting objectives: Do they stick to their inclusion rules or revise them to reflect changes in the market they are targeting? Financial
June 12th's stock market debut of Elon Musk's SpaceX (SPCX.O), opens a new tab, forcing providers of equity indexes to reconcile two often-conflicting objectives: Do they stick to their inclusion rules or revise them to reflect changes in the market they are targeting? Financial
On Wednesday, the U.S. and Iran released their 14-point memorandum of understanding, which has been signed by President Trump and Iranian President Masoud Pezeshkian. The MoU includes an immediate end to the war on all fronts, including Lebanon, the full resumption of maritime
The Fed policy statement and press conference both appeared to signal a hawkish tilt, prompting futures markets to price in a bigger chance of a rate hike as soon as September. Warsh told reporters that the central bank would "deliver on price stability", while new quarterly
The SpaceX initial public offering was, by all accounts, a major success, and it has stayed red hot out of the gate. On Tuesday, its third day of trading, the stock peaked over $225 a share, before closing well off the highs at $201.68. For much of the day, Elon Musk’s
The Wednesday afternoon decline in the S&P 500 after Federal Reserve officials signaled possible interest rate hikes to tamp down inflation accelerated into the close. While the Fed opted to keep rates unchanged at the end of Kevin Warsh’s first monetary policy meeting as Fed
Markets bristled at the Federal Reserve’s hawkish tilt - but only briefly. The U.S. central bank began the Kevin Warsh era by keeping interest rates steady at 3.50%-3.75%, as expected, though messaging signalled a tightening bias, which initially pushed up bond yields, spurring
The leaders of big AI labs are changing their stories on employment, with Anthropic PBC Chief Executive Officer Dario Amodei and OpenAI's Sam Altman walking back their previous warnings of job destruction.
The change of perspective from Amodei and Altman is fortuitously timed as
