The Federal Reserve Can’t Wait For A New Leader
Kevin Warsh, President Trump’s pick to head the Federal Reserve. (AP Photo/Alastair Grant, Pool, File)
Associated Press
The Federal Reserve needs a new chairman. Jerome Powell’s term expires May 15. Kevin Warsh—Stanford, Harvard Law, former Fed governor and crisis-tested—is nominated and ready.
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Read MoreChina, Pakistan Coordinate On Iran Talks As War Disrupts Global Trade
China and Pakistan vowed to “strengthen strategic communication and coordination” as they seek to help broker a deal to end the war in Iran, now in its fifth week with no clear end in sight.
Pakistani Foreign Minister Ishaq Dar met with his Chinese counterpart, Wang Yi,
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Read MoreBitcoin ETFs post first inflows since October as price stabilizes
U.S.listed spot bitcoin ETFs ended March with $1.32 billion in net inflows to record their first monthly inflows since October, SoSoValue data shows.
This follows four consecutive months of net outflows, which coincided with bitcoin declining by as much as 50% from its October all time high of $126,000.
November saw $3.5 billion in outflows,
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Read MoreThis Is the Smartest ETF to Buy as the Dow Jones Industrial Average and Nasdaq Composite Enter Correction Territory
Although stocks have handily outperformed all other asset classes (bonds, commodities, and real estate) over the last century, this doesn’t mean equities advance in a straight line. Pullbacks and stock market corrections are the price of admission to Wall Street’s long-term wealth creation machine.
As of the closing bell on March 27, the ageless Dow Jones Industrial Average (^DJI +2.49%) and technology-driven Nasdaq Composite (^IXIC +3.83%) were officially in correction territory,
Read MoreSocial Security issues warning ahead of April 2026 payment checks
A new scam targeting U.S. retirees has prompted a warning from the Social Security Administration (SSA). It comes as some Texans prepare to receive their monthly benefit payment checks.
If you get an email regarding your Social Security statement, be on the alert. The SSA Office of the Inspector General (OIG) says it is seeing “a sharp increase in fraudulent emails,”
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Read MoreThe Burst
Billionaires Are All In, Are You?
It’s come as a bit of a surprise to many astute observers to see billionaires go all in on oil. For instance, in Warren Buffett’s top 6 holdings, 2 are oil stocks, Chevron and Occidental Petroleum.
Buffett has taken massive stakes in both companies. In Chevron, he holds an $18.8 billion stake while in Occidental the amount is $14.1 billion.
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Read MoreThe Ivy
The Magnificent 7 Have a New Trillion Dollar Rival
Berkshire Hathaway (NYSE:BRK.B) is arguably one of the most successful companies in American history. The conglomerate founded by Warren Buffett now owns stakes in both large public companies and several wholly-owned subsidiaries.
Berkshire itself has also been a remarkable investment vehicle for its shareholders, boasting a 30-year total return of over 3,000%.
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Read MoreThe Spotlight
Is SNAP a Buy After the Crash?
When a stock bombs, it’s usually best to run for cover. Every once in a while, though, it’s worth a closer look. If the fundamentals are strong, the future prospects are good, and the selloff was overblown, it’s possible the company’s stock is on sale.
So many stocks have dipped to record lows in recent months that it makes it tough to separate the great buys from the risky ones.