Stephen Miran, governor of the US Federal Reserve, at the Nomura Research Forum during the International Monetary Fund (IMF) and World Bank Fall meetings in Washington, DC, US, on Wednesday, Oct. 15, 2025. Samuel Corum | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran on Monday advocated for further interest rate cuts as a…
In another attempt to make homebuying more affordable, President Donald Trump floated the idea of a 50-year mortgage in a social media post. In response, Federal Housing Finance Agency director Bill Pulte, who oversees Fannie Mae and Freddie Mac, posted that they are “working on it,” and that it would be, “a complete game-changer.” The…
General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…
Check out the companies making the biggest moves in premarket trading: Nvidia — The chipmaker slipped 1.8% after SoftBank disclosed it sold its entire stake in the company for $5.83 billion in October. CoreWeave — Shares sank nearly 8% after artificial-intelligence infrastructure company’s full-year guidance disappointed investors . CoreWeave expects revenue to come in between…
Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York City on Nov. 23, 2015. Jim Spellman | WireImage | Getty Images Michael Burry, the investor made famous by “The Big Short” who recently roiled the market with a tech short bet, is accusing some of America’s…
Check out the companies making the biggest moves midday: Fermi — The energy and data center developer lost 11% after reporting a third-quarter loss of 84 cents per share and a total net loss of almost $347 million. Fermi went public in September at $21 a share in an IPO led by UBS, Evercore ISI,…
Confidence in shares of Nvidia is in question after SoftBank’s decision to relinquish its stake in the high-flying stock. Nvidia briefly tumbled nearly 4% Tuesday after the Japanese investment firm said it zeroed out its position in the AI chipmaker for $5.8 billion. That left investors wondering if SoftBank’s decision to exit the stock was…
The U.S. Capitol is shown the morning after the Senate passed legislation to reopen the federal government on Nov. 11, 2025 on Capitol Hill in Washington, DC. Win McNamee | Getty Images The Senate Agriculture Committee has released a draft of its portion of a much-awaited digital assets market structure bill — a critical step…
NEW DELHI: Congress president and Leader of Opposition in Rajya Sabha Mallikarjun Kharge, accused the central government of security lapses after a car explosion near the Red Fort metro station in Delhi. He said the incident underlines a failure of governance in the national capital.He went on to ask for a swift and thorough probe…
Angela Honegger, CEO and Consul General of Swissnex with Karnataka S&T minister NS Boseraju at Vikas Soudha on Wednesday BENGALURU: Karnataka will soon have its own “Quantum Ecosystem Map” on the lines of Switzerland’s globally recognised “Swissnex Quantum Map”, which tracks research and industrial activity in the fast-growing field of quantum technology.Science and technology minister…
