Trump, Powell and Stock Market
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Trump, Fed Chair and fire Powell
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16hon MSN
Online firearms seller GrabAGun Digital Holdings, with the stock ticker “PEW,” made its market debut on Wednesday after board member and son of the U.S. president, Donald Trump Jr., rang the opening bell at the New York Stock Exchange.
Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.
Senate Republicans are warning President Trump that it would be a big mistake to follow through on his threat to fire Federal Reserve Chair Jerome Powell, saying it would likely send a “shock wave” through the financial markets and roil the broader economy.
If President Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank’s George Saravelos argues. It could collapse the currency and bond markets,
2don MSN
WisdomTree's Jeremy Schwartz and BNP Paribas Asset Management's Daniel Morris discuss the potential market impact of President Trump's trade war, as he announces new tariffs on Mexico and the EU.
US stocks close up, with the Nasdaq eking out a record high. Markets grow numb to tariff Trump's tariffs. Investors eye inflation data and earnings.
Markets continue to remain in a cautious trading zone, awaiting concrete Q1 earnings data to gauge real economic momentum, while uncertainty around Trump’s tariff-related statements continues to fuel volatility.
After a failed House vote, Trump says 11 of 12 key lawmakers now back advancing the GENIUS Act. One day after the U.S. House failed to advance a key crypto legislative proposal, President Donald Trump announced on Truth Social that 11 of the 12 key lawmakers needed to support the GENIUS Act have now agreed to support the rule to advance the bill.