President Donald Trump has tapped Kevin Warsh for the Federal Reserve’s next chair after months of escalating pressure on the Fed to cut interest rates.
“I am pleased to announce that I am nominating Kevin Warsh to be the Chairman of the Board of Governors of the Federal Reserve System,” Trump announced on Friday morning.
» Read more about: Trump Nominates Kevin Warsh as Federal Reserve Chair »
Bitcoin spot exchange-traded funds (ETFs) experienced one of the biggest one-day reversals of the year on January 29, as investors pulled out nearly $818 million from U.S.-based products as the Bitcoin price dropped to its lowest spot in nine months.
Sosovalue data shows that spot Bitcoin ETFs recorded net daily outflows of $817.87 million on January 29,
» Read more about: Bitcoin ETFs Bleed $817M as BTC Crashes to 9-Month Low – Is the Worst Over? »
According to data compiled by S&P Global Market Intelligence, Sandisk (NASDAQ: SNDK) was a standout stock over the past five trading days with its nearly 22% price surge.
» Read more about: Why Sandisk Stock Rocked the Market This Week »
The price of silver plummeted Friday, following President Donald Trump’s announcement that he will nominate economist Kevin Warsh to chair the Federal Reserve.
Spot silver prices had dropped by more than 37% just before 5 p.m. ET, to around $84.63 a troy ounce. Precious metals trade nearly 24 hours a day.
» Read more about: Silver plummets after Trump taps Kevin Warsh to chair Federal Reserve »
A day of dramatic swings on Wall Street, including the worst day for Microsoft in years, finished with only relatively modest moves.
The S&P 500 edged down by 0.1% Thursday after flirting with its record high in the morning and falling by as much as 1.5% in the midday hours. The Dow Jones Industrial Average added 0.1%,
» Read more about: How major US stock indexes fared Thursday, 1/29/2026 »
US stocks slid on Friday as President Trump said he would nominate Kevin Warsh to lead the Federal Reserve, against a background of a rising dollar and a screeching halt to 2026’s roaring metals rally.
The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) fell 0.4% and 0.9%,
The memory shortage got a lot of attention on Apple’s earnings call.
Apple (AAPL +0.62%) turned in a blockbuster quarter on Thursday, featuring record-breaking iPhone sales in the key holiday quarter.
The company topped estimates on the top and bottom lines in the quarter,
» Read more about: Apple Just Delivered Great News For This Market-Crushing AI Stock »
President Donald Trump has nominated Kevin Warsh as the next chairman of the Federal Reserve.
Trump nominated the former Federal Reserve governor on Jan. 30. If confirmed by the Senate, Warsh would succeed current Fed Chair Jerome Powell, whose term ends in May.
Powell has drawn repeated criticism from Trump over the past year for resisting calls to lower interest rates,
» Read more about: Trump picks Kevin Warsh as new Federal Reserve chair. What to know »
President Donald Trump announces Kevin Warsh as his pick for new Federal Reserve chairman in a Truth Social post.
President Donald Trump on Friday nominated Kevin Warsh to serve as the next chairman of the Federal Reserve, setting up a confirmation process that could prove contentious as it moves through the Senate.
» Read more about: Lawmakers react to Trump nominating Kevin Warsh for Federal Reserve chairman »
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