Author: franperez66q@protonmail.com

Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, June 17, 2026. Al Drago | Bloomberg | Getty ImagesChairman Kevin Warsh’s 43-odd minutes at the Federal Reserve’s podium Wednesday were intended to deliver the message that, slowly but surely, he will set about making the Fed quieter, more humble in its engagement with the markets and the economy, and — ultimately — laser-focused on inflation. “I’ve said for years inflation is a choice,” Warsh told reporters. “You bet it is.”Warsh sees his confirmation as…

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 its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. The federal funds rate has held there since the central bank lowered rates by three-quarters of a percentage point in the latter part of 2025.With a bevy of intrigue over Warsh taking the central bank…

Apple to raise prices due to memory chip shortage, CEO tells WSJ Source link

Quantum computing news usually picks up near the end of the year, as companies try to provide evidence that they are hitting benchmarks on time. However, there have been interesting announcements as the summer starts this year, from incremental progress to attention-grabbing promises. As we did earlier this month, Ars has a rundown of some of the most significant announcements. These include a promise of useful, error-corrected quantum computing as soon as 2028, details on an updated trapped ion processor, and a case in which claims of quantum supremacy have been cut back a bit thanks to advances in more…

Senator Elizabeth Warren, a Democrat from Massachusetts and ranking member of Senate Banking, Housing, and Urban Affairs Committee, left, and Senator Jack Reed, a Democrat from Rhode Island, speak during a confirmation hearing in Washington, DC, US, on Thursday, Oct. 30, 2025. Eric Lee | Bloomberg | Getty ImagesThe Senate Armed Services Committee approved a must-pass bill with a provision that could bar some defense contractors from executing stock buybacks or paying dividends unless they have Defense Department approval. The measure, an annual bill known as the National Defense Authorization Act, was approved 18-9 in a closed-door committee meeting last…

Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesUniQure plans to seek FDA approval of its experimental gene therapy for Huntington’s disease, the company said Wednesday, months after previous agency leaders criticized the evidence backing the application. UniQure said the FDA in a recent meeting communicated that a three-year analysis from a Phase 1/2 study would support an accelerated approval of UniQure’s gene therapy for Huntington’s, a rare hereditary disease that gradually destroys nerve cells in the brain. As a result of the meeting, UniQure plans to submit its application to the FDA in the third quarter of this…

Moody’s affirms Hershey stock A1 rating, shifts outlook to stable Source link

The CNBC Investing Club on Wednesday convened for its June Monthly Meeting, during which Jim Cramer and Jeff Marks, director of portfolio analysis, dished out their latest thinking on all 35 portfolio stocks. Jim also named his favorite stock in the bunch (Intel) and explained what makes it such a compelling investment opportunity. Here’s a recap of what they had to say. Tech & data center Jim began the portfolio breakdown by saying he believes a re-ordering of the “Magnificent Seven” is upon us. The old guard is Alphabet, Amazon, Apple, Microsoft, Meta, Nvidia, and Tesla . The newcomers? SpaceX…

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 to have such easy money policy as everybody thought maybe Chairman Warsh would do back in the first quarter of this year, when everyone was counting on rate cuts,” Gundlach said on CNBC’s “Closing Bell.”  “He doesn’t sound like that today at all.”The comments came after…

A television station broadcasts Kevin Warsh, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, June 17, 2026. Michael Nagle | Bloomberg | Getty ImagesIf the stock market is a report card, Federal Reserve Chairman Kevin Warsh isn’t coming out of his first policy meeting with high marks.The S&P 500 tumbled 1.2% in Wednesday’s session, with losses steepening during Warsh’s inaugural press conference as chairman.That marks the worst performance for the broad index on the first “Fed day”…