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.
» Read more about: SEC approves Nasdaq options tied to index-based prediction contracts »
Read MoreDid Nvidia Just Deliver a Breakout Fake-Out? Why Dip‑Buyers Should Welcome a Dip
Slaven Vlasic / Getty Images Entertainment via Getty Images
Quick Read
-
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 MoreUS Factory Orders Support S&P 500 Rally as Index Pauses Near Record Highs
S&P 500 Renko with 12-Brick Size
Source: TradingView
The Verdict
Current Trend Direction: Bullish
Bias: Positive
Support Levels: 7,000, 6310
Resistance Levels: 7,450, 8,150
Medium Term Path: The move in the S&P 500 Index isn’t going to be a clean ride up.
» Read more about: US Factory Orders Support S&P 500 Rally as Index Pauses Near Record Highs »
Read MoreThe Burst
Why Bitcoin Will Moon
If you’re on the sideline wondering where bitcoin will go, we’re about to demystify it.
Warren Buffett famously described bitcoin as “rat poison squared” and a major reason for that view was the cryptocurrency’s failure to produce cash flows, or anything else really.
Buffett was viewing bitcoin more like an asset than something more elementary,
» Read more about: Why Bitcoin Will Moon »
Read MoreThe Ivy
Billionaire’s Big Bet: Why He’s Banking on This Undervalued Stock
Stanley Druckenmiller is renowned for his macro-driven investment style – he looks for big-picture economic trends and isn’t afraid to make bold, concentrated bets when an opportunity arises. His philosophy centers on anticipating economic cycles and central bank policy shifts and then positioning his portfolio aggressively.
In practice, Druckenmiller often rotates capital from popular,
» Read more about: Billionaire’s Big Bet: Why He’s Banking on This Undervalued Stock »
Read MoreThe Spotlight
Market Commentary: 2 Sectors Will Hold Up Claims Buffett
Warren Buffett had a lot of interesting things to say recently in a discussion with CNBC’s Becky Quick, but a few really stood out to us.
Asked whether the economy is in a better or worse place than six months ago, Buffett was unequivocal. He first mentioned a business in his portfolio experiencing a 22% sales decline.
» Read more about: Market Commentary: 2 Sectors Will Hold Up Claims Buffett »