From Quadrangle Club to the Federal Reserve: Princetonians reflect on Jerome Powell ’75
Last May, Chair of the Federal Reserve Jerome Powell ’75 delivered the Baccalaureate address to the Class of 2025. Only a few months later, on Jan. 9, he was served grand jury subpoenas as part of a criminal investigation into cost overruns on the Federal Reserve’s Washington headquarters renovation project.
President Donald Trump accused Powell of lying to Congress about the predicted cost of the renovations,
Read MoreSEC approves Nasdaq options tied to index-based prediction contracts
SEC approves Nasdaq MRX index-linked binary options tied to Nasdaq-100, expanding prediction-style trading as exchanges race into event-based markets.
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Read MoreDid Nvidia Just Deliver a Breakout Fake-Out? Why Dip‑Buyers Should Welcome a Dip
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Nvidia (NVDA) fell 8% below $200 per share after briefly rejoining the $5 trillion club, facing potential weakness to the $170-180 channel as Alphabet (GOOG) closed its market cap gap to $4.6 trillion following a 10% surge on a strong quarterly result.
WATCH LIVE: Powell’s last Federal Reserve interest rate decision before stepping down
Federal Reserve Chair Jerome Powell will hold his final press conference at 2:30 p.m. Wednesday to discuss the policymakers’ interest rate decision ahead of his planned departure on May 15.
The appearance comes at a pivotal moment for the central bank as it weighs whether to change interest rates amid lingering inflation concerns and President Donald Trump‘s demand that rates need to drop.
Read MoreThe Average Social Security Benefit In US Territories Might Surprise You
If you assume that Social Security checks in U.S. territories are on par with the national average, the official numbers say otherwise: They’re much lower.
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Read MoreThe Burst
Why Did NVIDIA Invest In Little-Known AI Stock?
For nearly two years, the stock market has been steadily bidding up companies like NVIDIA and Microsoft that have emerged as front-runners in the AI race. In addition to these mega-cap companies, though, there are also many smaller companies trying to fill niche spaces in the AI market.
One such company is Nebius Group (NASDAQ:NBIS),
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Read MoreThe Ivy
2 Stocks Set To 2x In 24 Months
It’s been a volatile stretch for the markets. Between trade tensions, economic jitters, and mixed signals from policymakers, investors have had no shortage of reasons to stay on edge. The S&P 500 has slipped into correction territory, down more than 10% from its highs thanks in part to uncertainty over tariffs and recession fears.
But for seasoned investors,
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Read MoreThe Spotlight
Spotlight: Why Tesla Crushes Competitors
“Tesla is nothing more than a car company.” That’s the line skeptics used to repeat when trying to downplay the firm’s valuation.
“How could a car company be worth nearly a trillion dollars? And why would a single car manufacturer be valued at almost as much as the sum total of all other car makers combined?”
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