The Trump administration, including President Trump, Vice President JD Vance, and Treasury Secretary Scott Bessent, is publicly urging the Federal Reserve to halt or reverse interest rate hikes ahead of the September meeting. This pressure campaign comes despite inflation remaining above the Fed's 2% target and a strong jobs report suggesting a 60% chance of a rate increase. The administration argues that economic growth and supply-side investments reduce inflation risks, challenging traditional economic views linking growth to inflation. The Fed, led by Chairman Kevin Warsh, maintains its focus on inflation control, with some officials favoring a rate hike, while markets await key inflation data to decide the Fed's next move.
Amazon is broadening its business by launching two new AI-powered listening devices, the Bee Frontier and Bee Eclipse, following its acquisition of the AI startup Bee in July 2025. These devices enhance Amazon's AI capabilities beyond its cloud compu...
Bank of New York Mellon reported Q3 2026 earnings per share of $2.37, surpassing estimates of $2.27, and revenue of $5.68 billion, exceeding the $5.55 billion forecast. Net income rose to $1.61 billion from $1.34 billion a year earlier, reflecting so...
J.B. Hunt Transport Services is set to report Q3 2026 earnings with EPS estimates between $1.81 and $1.89 and revenue around $3.55-$3.59 billion. The company faces challenges from rising transportation costs, driver shortages, and wage increases, imp...
Alignment Health Plan will expand its Medicare Advantage coverage to Bexar and Comal counties in San Antonio starting January 1, 2027, providing access to coordinated care and trusted local providers for over 392,000 Medicare beneficiaries. This expa...
Interactive Brokers is set to report Q3 2026 earnings of $0.67 per share and revenue of $1.86 billion, reflecting year-over-year growth of about 16% in earnings and 13.5% in revenue. Growth is driven by increased trading activity, more client account...
