Senate confirms Trump pick Warsh as chairman of the Federal Reserve, following Powell
By CHRISTOPHER RUGABER and JOEY CAPPELLETTI
WASHINGTON (AP) — The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world’s most powerful central bank at a fraught moment for the global economy.
Warsh, 56,
Read MoreNvidia becomes first-ever company to cross $5.5 trillion market value as analysts issued a ‘stock warning’ for May 21
Nvidia crossed a market value of $5.5 trillion on Wednesday, May 13 after its shares rose around 3% in afternoon trading, further strengthening its position as the world’s most valuable company. The rally came as Nvidia CEO Jensen Huang was traveling with US President Donald Trump to China ahead of meetings with Chinese President Xi Jinping.
NY Fed's Perli says rate control toolkit can navigate lower reserve demand
FILE PHOTO: The entrance to The Federal Reserve Bank of New York is seen in New York City,
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Read MoreThe Burst
Smartest AI Stock to Buy Now
It’s easy to get caught up in the hype of Nvidia but perhaps the smartest stock to buy now is Alphabet (GOOGL). Across the gamut of products and services offered by Alphabet, a whole new world of revenues opens up when AI is factored in.
We delve in to explore just how large the opportunity is for Alphabet and potentially for shareholders over the next few years.
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Read MoreThe Ivy
What Oracle CEO Said 55 Hours Ago Will Shock You
I’m old enough to remember when Oracle was $13 per share in 2003 and by 2006 it was still $13 per share.
The company seemed as old and boring and stodgy as any tech company could become. It was almost like an IBM relic that would gather dust, selling software to enterprises and producing a boatload of cash flow but really doing nothing to excite investors or innovate.
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Read MoreThe Spotlight
Is Sea Limited The Next Amazon?
As one of the few trillion-dollar companies in history, many investors and traders wish nothing more than to be able to go back in time a decade to when Amazon stock sold for under $200 a share. As a matter of fact, it would be even better to go back two decades to when the company’s stock was barely over $10 a share.