Kevin Warsh was sworn in as the 17th Federal Reserve chair, succeeding Jerome Powell, with the ceremony held at the White House. The Senate confirmed Warsh narrowly, and he pledged to lead a reform-oriented Fed focused on price stability and employment without political interference. Bitcoin held steady near $77,400 as markets had anticipated the leadership change ahead of Warsh's first FOMC meeting in June. Warsh is noted as the most crypto-literate Fed chair, but his stance on shrinking the Fed's balance sheet may tighten liquidity, posing challenges for risk assets like crypto amid persistent inflation and high oil prices.
Meta has raised its 2026 capital expenditure guidance to $125-$145 billion, nearly five times last year's $28 billion, focusing heavily on AI infrastructure. Despite strong ad revenue growth, investors worry about the lack of clear AI-driven monetiza...
The Tema Space Innovators ETF (NASA) has rapidly grown from $1 million to over $1 billion in assets under management within just 37 trading days, fueled by investor demand for exposure to SpaceX ahead of its anticipated IPO. Unlike other space ETFs, ...
The S&P 500 marked its longest winning streak since December 2023 with eight consecutive weeks of gains, even as the Federal Reserve signals potential rate hikes due to persistent inflation. U.S. manufacturing is booming, driven by massive AI infrast...
Webull CEO Anthony Denier reveals that retail investors now hold a wider range of AI-related stocks, growing from 3% to 9% over two years. This shift shows confidence in AI as a long-term investment, with interest spreading beyond headline chip stock...
Analog Devices has agreed to acquire Empower Semiconductor for $1.5 billion in cash, with the deal expected to close in the second half of 2026 pending regulatory approval. Other notable transactions include Shein's acquisition of Everlane for $100 m...
