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Fed Chair Warsh

All articles tagged with #fed chair warsh

markets2 hours ago•182 min saved

AI optimism and Trump-Xi talks lift markets as Cisco unveils AI overhaul

Futures rose on AI-driven optimism ahead of the Trump-Xi summit, helped by news the U.S. has cleared roughly 10 Chinese firms to purchase Nvidia’s H200 chips; Cisco announced a sweeping AI-focused restructuring with about 4,000 layoffs and a $1 billion charge, while Nvidia’s chip access spurred tech gains. The Senate confirmed Kevin Warsh as Fed chair, oil held a bit above $105 amid Iran-related risk, and the S&P 500 hit a fresh high as Nasdaq rallied.

via Investing.com|

#cisco-ai-overhaul #fed-chair-warsh #markets

business10 hours ago•19 min saved

Tech-led rally drives S&P 500 and Nasdaq to fresh records amid hot inflation

U.S. stocks climbed to new highs as technology shares led a broad rally: the S&P 500 rose about 0.6% and the Nasdaq Composite gained around 1.2%, even as hotter-than-expected wholesale inflation kept rate-cut bets in flux and the Dow drifted. The rally was powered by semiconductors and the Magnificent Seven, with Apple nearing $300 and Nvidia hitting intraday records. The Senate confirmed Kevin Warsh as the next Fed chair, helping frame events around higher yields and inflation dynamics that could influence policy in the months ahead.

via Yahoo Finance Singapore|

#business #fed-chair-warsh #inflation