Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the US Federal Reserve Reuters President Donald Trump’s fresh comments on potential candidates to replace Jerome Powell as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets. National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh,…
Key Points Caterpillar’s operating profit fell 18% compared with the same period last year due to President Donald Trump’s tariffs. Eaton provided third-quarter earnings guidance that missed Wall Street expectations. Caterpillar’s and Eaton’s results cast doubt on the performance of the industrial sector, one of the hottest trades this year. Caterpillar and Eaton reported financial…
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Changes to the American labor market brought on by the arrival of generative AI are already showing up in employment data, according to…
Check out some of the companies making the biggest moves midday: Staar Surgical — The implantable eye lens maker ripped 45% higher after agreeing to be bought by Alcon for $28 per share in cash, valuing Staar at about $1.5 billion. The deal is expected to close in the next six to 12 months. DigitalOcean…
A Roku remote in an arranged photograph in Hastings-on-Hudson, New York, on May 2, 2021. Bloomberg |Getty Images Roku announced Tuesday it’s launched Howdy, a commercial-free streaming service that costs $2.99 a month, in a shift for the company that’s long been know for free, ad-supported viewing. The streaming platform is expected to feature 10,000…
WASHINGTON, DC – JUNE 2: A NASA logo is displayed at the entrance to the Mary W. Jackson NASA Headquarters building on June 2, 2025 in Washington, DC. (Photo by Kevin Carter/Getty Images) Kevin Carter | Getty Images News | Getty Images The U.S. should deploy a small nuclear power plant to the surface of…
Wayfair has made “fundamental and sustainable” improvements that could benefit the stock after a wild ride this year, according to Citigroup. Citigroup upgraded the online furniture and décor stock to buy from neutral in a Monday note. It also raised its price target by $61 to $93 per share. The firm’s forecast implies about 27%…
Customers walk out of a Taco Bell and Pizza Hut restaurant during lunchtime in Los Angeles, California. Kevork Djansezian | Getty Images Looking for the next CEO for your restaurant chain? Try mining the ranks at Yum Brands. The restaurant conglomerate, which owns Pizza Hut, KFC and Taco Bell and reported quarterly results Tuesday, has…
President Donald Trump told CNBC on Tuesday that he has narrowed the field of potential future Federal Reserve chairs to four candidates, a list that does not include Treasury Secretary Scott Bessent. While the president did not disclose who is in contention, he revealed that Bessent, previously considered a leading candidate, has taken himself out…
Fox Corp. will launch its direct-to-consumer streaming service, Fox One, on Aug. 21, ahead of the NFL season, the company said Tuesday. The new streaming service will cost $19.99 per month, and pay TV subscribers will receive access for free, said CEO Lachlan Murdoch during the company’s earnings call. Fox One will host the entirety…
