Trump openly mulls terminating Federal Reserve chair, looking for a scapegoat poor tariff rollout
Steve Liesman, Senior Economics Correspondent for CNBC joins Nicolle Wallace on Deadline White House with reaction to the clash playing out in public view between the President of the United States and the Federal Reserve Chair with Trump openly mulling removing Jerome Powell over the Fed’s policy on interest rates, as he looks for a person to blame for the economic woes facing the country that are entirely as a result of his own polices.
Read MoreStocks close out choppy day after Trump calls for ousting Fed Chair Powell
New York
CNN
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US stocks were mixed Thursday as President Donald Trump touted trade deal progress with Europe and China and investors digested a threat from the president to fire Federal Reserve Chair Jerome Powell.
Stocks initially wavered Thursday morning after Trump called for Powell’s “termination” for not cutting interest rates fast enough — a criticism he has levied multiple times in a long-standing feud between the president and the Fed chair.
» Read more about: Stocks close out choppy day after Trump calls for ousting Fed Chair Powell »
Read MoreAI Heads to Washington
To help you understand the trends surrounding AI and other new technologies and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts. (Get a free issue of The Kiplinger Letter or subscribe).
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Read MoreThese 15 Funds Were the Worst Performing of the Past Decade—Is One in Your Portfolio?
The past decade has seen one of the strongest bull markets in history, with the S&P 500 index posting a 10-year return of 182.9% through February 2025. Yet a select club of exchange-traded funds (ETFs) no one wants to join managed to defy a broadly rising market and destroy billions in shareholder value.
Read MoreThis “Magnificent Seven” Stock Is Trading Near Its Most Prime Valuation in a Decade, and Cathie Wood Just Bought the Dip
Cathie Wood just bought one particular Magnificent Seven stock at a historically cheap price point.
Cathie Wood leads wealth management firm Ark Invest as its CEO and chief investment officer. Financial news programs and podcasts frequently feature Wood, who often promotes her long-term investment strategies in technology companies disrupting emerging markets.
Although Ark generally focuses its portfolio on smaller,
The Burst
Stanley’s Latest Bold Bet, Should You Follow?
Billionaire Stanley Druckenmiller has been shaking up his portfolio lately, selling his entire stake in NVIDIA and most of his Palantir shares in order to diversify into more value-oriented stocks.
One of the most interesting buys Druckenmiller has made has been a 1.43 million share stake in Teva Pharmaceutical Industries (NYSE:TEVA).
» Read more about: Stanley’s Latest Bold Bet, Should You Follow? »
Read MoreThe Ivy
How High Can NVIDIA Go In 5 Years?
NVIDIA (NASDAQ:NVDA) has been by far one of the best stocks to hold over the last several years. Surging demand for AI data center chips has caused sales of the company’s GPUs to skyrocket, leading to explosive growth and massive returns for investors.
The question now, though, is whether the future will be as good to NVIDIA as the past few years have been.
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Read MoreThe Spotlight
Champion Trader Spots Hidden Giant Enterprise Software Market
When a champion trader who generated 941.1% returns in 2020 spotlights a stock in an uptrend, it’s worth paying attention.
That’s precisely what happened when Oliver Kell shed light on ServiceNow (NYSE: NOW), a company that continues to dominate the enterprise cloud computing industry by automating and managing digital workflows.
In addition to the technical chart looking good,
» Read more about: Champion Trader Spots Hidden Giant Enterprise Software Market »