SpaceX celebrates their IPO at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC The average investor who bought SpaceX shares in the open market after its debut has seen nearly all of their gains disappear as a sharp pullback erased a large chunk of the stock’s post-IPO surge. Shares of SpaceX fell 6%…
Federal Reserve Chairman Kevin Warsh’s tough talk on inflation Wednesday reverberated through financial markets, with traders expecting that the central bank could start jacking up interest rates in just a few months. Tapped to serve by President Donald Trump, who has repeatedly demanded lower rates, Warsh during a news conference instead focused on the battle…
Check out the companies making the biggest moves in premarket trading: Intel — The semiconductor company soared nearly 9% after President Donald Trump said in a Truth Social post that Intel struck a deal with Apple to design and build chips in the United States. Shares of Apple gained less than 1%. Chip stocks —…
New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. Eric Lee | Reuters Wednesday’s Federal Open Market Committee statement alone showed the Federal Reserve is entering a new era under…
DoubleLine Capital CEO Jeffrey Gundlach said new Federal Reserve Chairman Kevin Warsh struck a more hawkish tone than many investors expected, underscoring his commitment to restoring price stability and signaling less appetite for easy monetary policy. “He is absolutely telling you that he plans on delivering on price stability. So that means… we’re not going…
US Federal Reserve chairman Kevin Warsh arrives for a press conference in Washington, DC, on June 17, 2026. Brendan Smialowski | Afp | Getty Images The Federal Reserve’s latest projections pointed to one rate increase in 2026, though the outlook was complicated by the absence of a forecast from Chairman Kevin Warsh. Nine of 18…
WASHINGTON – Kevin Warsh‘s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates and a nod to possible hikes ahead. The meeting also saw the removal of key language indicating a bias toward future cuts within a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep…
Check out some of the companies making the biggest moves midday: SpaceX — The rocket manufacturer dropped more than 3% Wednesday after soaring nearly 50% in its first three days as a public company since its $135-per-share IPO last Friday. Bank stocks — The 15-year old Invesco KBW Bank ETF (KBWB) hit a new all-time…
Terry Duffy, CME Group Scott Mlyn | CNBC CME Group‘s longtime leader Terry Duffy will step down as chief executive officer next year, succeeded by President and Chief Financial Officer Lynne Fitzpatrick. Duffy, 67, will transition to executive chairman effective March 1, 2027, the company said Wednesday. It marks a more than two-decade run that…
Prediction market traders think consensus will return to the Federal Reserve’s policy-setting board when new chairman Kevin Warsh presides over its June interest rate decision later Wednesday. At April’s meeting, the last under former Fed chair Jerome Powell, four members voted to dissent from policy, the most in more than 30 years. Traders on prediction…
