Trending in Finance
JPMorgan Posts Record Profit as Dimon Warns of Severe Credit Crisis and Blockchain Risks
Fed Chair Warsh Weighs AI Productivity Against Inflation Risks
Nigel Farage Pressures Bank of England to Scrap Digital Pound Amid Crypto Ties
Tech Concentration Hits Historic Levels in US and Emerging Market Indices
All Finance Stories
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DBS Q1 Profit Beats Forecast, Wealth Management Drives Growth
Singapore's DBS Group reported a 1% rise in Q1 net profit to S$2.93 billion, beating estimates as wealth management fees hit a record high.
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Senate Banking Committee Advances Warsh for Fed Chair, Signaling Powell's Exit
The Senate Banking Committee voted along party lines to advance Kevin Warsh's nomination as Fed Chair, with Polymarket odds surging to 72% for Powell's departure by May 15.
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SoftBank Plans $100 Billion Spinoff for AI Data Center Venture Roze
SoftBank reportedly plans to spin off a new AI-focused data center construction venture called Roze, valued at around $100 billion.
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Microsoft Beats Q3 Earnings, But Weak Guidance and Surging AI Capex Disappoint Investors
Microsoft beat Q3 earnings but missed on guidance and boosted AI capex to $190B, causing after-hours stock to slide.
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Fed Rate Hike Odds Rise Amid Memory Shortage and Energy Disruptions
Wall Street now sees an 11% chance of a Fed rate hike in 2026 as supply shocks from the global memory shortage and Middle East disruptions fuel inflation fears.
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Powell Defies Trump, Vows to Stay at Fed as Markets Watch
Jerome Powell says he will remain a Fed governor despite intense criticism from President Trump. Prediction markets show low odds of resignation by May 14, but a spike in May 15 contracts points to a potential catalyst.
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Fed Flags Elevated Inflation, No Rate Cuts Expected in 2026
The Fed labels inflation 'elevated' due to rising energy prices. Prediction markets show 0.1% chance of a rate cut.
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Fed Holds Rates Steady in Powell's Final Meeting; Warsh Takes Over
US Federal Reserve keeps rates at 3.50%-3.75% as inflation and growth concerns persist. Kevin Warsh is set to succeed Jerome Powell.