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Kevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns
24/7 Wall St.102d agoneutral
Kevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns

Kevin Warsh takes the oath as Federal Reserve chair on Friday in a White House ceremony, only the second Fed swearing-in held at the executive mansion in nearly 40 years. The last was Ronald Reagan hosting Alan Greenspan in 1987, a tableau the Trump White House is happy to revive. The optics matter because Warsh ... Kevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns

Markets Now Pricing in Rate Hikes Through 2027 as Fed Cut Expectations Evaporate
24/7 Wall St.102d agoneutral
Markets Now Pricing in Rate Hikes Through 2027 as Fed Cut Expectations Evaporate

The conversation about the Federal Reserve has flipped in a way that should make anyone holding long-duration assets sit up. A few months ago, the debate was about the cadence of cuts. Now, market strategists are saying the question is how long the Fed will stay on hold, and the curve has actually drifted to ... Markets Now Pricing in Rate Hikes Through 2027 as Fed Cut Expectations Evaporate

Bloomberg102d agobullish
Huawei Touts Chip Breakthrough to Shorten Gap With TSMC

(Bloomberg) -- Huawei Technologies Co. said it has come up with a new pathway to shorten its gap with industry leader Taiwan Semiconductor Manufacturing Co., potentially achieving a breakthrough in making advanced semiconductors without cutting-edge equipment.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz

Is Starbucks open today, Memorial Day?
TheStreet102d agoneutral
Is Starbucks open today, Memorial Day?

Just because it’s a holiday Monday doesn’t mean you can live without coffee. So if a Starbucks run is part of your morning routine, you may be wondering whether you can still grab that iced brown sugar oat milk espresso or latte just like you usually do, even though it's Memorial Day. While ...

Schneider Electric sees India data center business outpacing core growth on AI boom
Reuters102d agoneutral
Schneider Electric sees India data center business outpacing core growth on AI boom

Schneider Electric expects its India data center business to outpace broader operations in the country over the ‌next four to five years, driven by surging demand for AI-ready infrastructure, ‌according to a senior executive. Data centers currently account for 15% to 20% of Schneider Electric's India ​business and are growing at a double-digit pace, with the company expecting the segment to become a much larger share, Sumati Sahgal, vice-president for Secure Power and Data Centres, Greater India Zone, told Reuters in an interview on Friday.

China Trading Tycoon Loses $1.7 Billion in One Day After Curbs
Bloomberg102d agoneutral
China Trading Tycoon Loses $1.7 Billion in One Day After Curbs

(Bloomberg) -- A Chinese online brokerage tycoon lost more than a quarter of his fortune in a single day after Beijing cracked down on cross-border stock trading to tighten control over capital outflows. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps

Morgan Stanley resets Walmart forecast on high inflation
TheStreet103d agoneutral
Morgan Stanley resets Walmart forecast on high inflation

Walmart (WMT) had a rough Thursday. The stock dropped roughly 7.3% on May 21, 2026, closing at $121.34 after a cautious second-quarter outlook overshadowed otherwise solid first-quarter results, CNBC reports. The selloff dragged shares more than 10% below their 52-week high, but Morgan Stanley ...

Costco closure decisions to disappoint members
TheStreet103d agoneutral
Costco closure decisions to disappoint members

Costco has built one of the strongest customer loyalty machines in retail by consistently doing things that make its members feel like they’re getting a deal – and getting treated well while they’re at it. That includes everything from aggressively low food-court pricing to expanded executive ...

XOVR ETF: Watch Hyperscaler AI Capex Before Summer 2026 Earnings Season
24/7 Wall St.103d agoneutral
XOVR ETF: Watch Hyperscaler AI Capex Before Summer 2026 Earnings Season

The ERShares Private-Public Crossover ETF (NYSEARCA:XOVR) sits at an awkward crossroad heading into summer 2026. Shares trade near $19.08, down 5% year-to-date even as the public-side AI mega-caps it holds have ripped higher. That disconnect matters because XOVR is the rare ETF that pairs late-stage private growth (SpaceX is the publicly known anchor) with public ... XOVR ETF: Watch Hyperscaler AI Capex Before Summer 2026 Earnings Season