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Jerome Powell ends Fed chair term; crypto outlook cautious amid sticky inflation and geopolitical risks

Market News
16 May 2026
AMBCrypto
View Source
Neutral
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Jerome Powell's second four-year term as U.S. Federal Reserve chair ended on May 15, but he will remain on the Fed's Board of Governors until 2028. Powell faced political pressure from President Trump over interest rate policies, but maintained a data-driven approach that influenced global markets. The new Fed chair, Kevin Warsh, will take over amid ongoing inflation challenges and geopolitical tensions in West Asia, which could impact Bitcoin and the broader crypto market. Analysts from Coinbase warn that persistent inflation may limit crypto's upward momentum, with the next Fed rate decision expected in mid-June, likely signaling a pause amid inflation concerns.

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Skyborne Technology completes key step for drone airship testing and FAA certification process

Skyborne Technology completes key step for drone airship testing and FAA certification process

Skyborne Technology, a subsidiary of UAV Corp, has moved critical components of its DART Drone Airship to its Port St. Joe airport for weight balance analysis and flight testing, a crucial step toward FAA Experimental Certification. The testing will ...

Company Fundamentals
Bullish
46 minutes ago
Veea boosts leadership team to speed up growth and market expansion of its AI-native edge platform.

Veea boosts leadership team to speed up growth and market expansion of its AI-native edge platform.

Veea Inc. has promoted Greg Deisher to COO, elevated Mark Tubinis to Executive VP, and appointed Thomas Latiolais as CMO to strengthen its leadership amid rapid growth. These moves aim to accelerate commercial growth and expand Veea's AI-powered edge...

Market News
Bullish
46 minutes ago
Westport raises $10M via direct offering and private placement priced at market under Nasdaq rules.

Westport raises $10M via direct offering and private placement priced at market under Nasdaq rules.

Westport Fuel Systems announced a $10 million registered direct offering and a concurrent private placement of common shares and warrants priced at-the-market under Nasdaq rules. The offering includes 4,854,369 common shares or pre-funded warrants an...

Company Fundamentals
Neutral
46 minutes ago
ASML repurchases shares worth over €15.8M daily under its current buyback program

ASML repurchases shares worth over €15.8M daily under its current buyback program

ASML Holding N.V. has been actively buying back its shares as part of its current share buyback program announced in January 2026. From June 15 to June 19, 2026, ASML repurchased around 9,500 to 9,800 shares daily, spending approximately €15.87 milli...

Company Fundamentals
Bullish
46 minutes ago
GXO opens new sustainable distribution center in Ferentino to support Action's growth in Italy

GXO opens new sustainable distribution center in Ferentino to support Action's growth in Italy

GXO Logistics has launched a new distribution center in Ferentino, Italy, to support Action's expansion in Central and Southern Italy. The facility, GXO's second for Action in Italy, will grow its workforce from over 200 to 300 employees and features...

Market News
Bullish
1 hour ago
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