Author: starbpo

Kevin Warsh, a former governor of the Federal Reserve, is President Donald Trump’s choice to lead the central bank going forward. Traders in the roughly $30 trillion Treasury market were examining President Donald Trump’s candidate to be the next leader of the Federal Reserve and arriving to the conclusion that they aren’t going to end up getting all they want. On Friday, the bond market was trading in a manner that signaled there were some worries over Trump’s selection of former Fed governor Kevin Warsh to succeed Jerome Powell, whose term as Fed chair ends in May. Long-dated Treasury yields…

It appears that bitcoin is unable to recover. Bitcoin (BTCUSD) dropped another 7% this week after falling below the $90,000 mark last week, reaching an intraday low of $81,065 overnight. This happened amid a backdrop of heightened volatility across several asset classes, showing that investors have been feeling risk-averse in recent weeks – and risk-averse investors don’t want to park their money in bitcoin. That may have investors wondering what it would take to lift bitcoin out of this rut. Bitcoin was trading at its lowest level since the November 2025 fall, and may risk dipping below $80,000 for the…

Kevin Warsh, a former Federal Reserve governor, sits second from left as he takes part in a panel discussion in 2024 in Washington, D.C. President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to serve as the next chair of the Fed, putting a well-known opponent of the U.S. central bank in its top role. Trump made the news in a Truth Social post at 6:48 a.m. Eastern. When Warsh joined the bank’s board of governors in 2006, he became the youngest Fed governor in history. During the 2008 global financial crisis, he was part of Fed Chair…

Bears of Apple Inc. have spent the last few months warning of supply-chain concerns regarding order reduction, competitive pressures in China, and poor iPhone uptake. Nevertheless, Apple (AAPL) exceeded revenue forecasts in the most recent quarter, increased its margins, and demonstrated a surge in its services division. According to Ben Reitzes, an analyst at Melius Research, the dynamic implies that investors who concentrate on “builds,” or supplier dynamics, are missing the mark. He commented, “Apple is a platform company with ‘levers’ that only a few companies in the world have,” after the company’s results announcement on Thursday. Reitzes claimed that…

Thursday was the worst day ever for United Parcel Service Inc.’s stock after the package delivery behemoth revealed a deal that would reduce its business with its biggest client, Amazon.com Inc., by more than half. Wall Street was rocked by the news, even though UPS (UPS) clarified that the action was a part of its strategy to concentrate on more lucrative deliveries rather than just growing volume. In a call with analysts, CEO Carol Tomé stated, “Amazon is our largest customer, but it’s not our most profitable customer,” according to a transcript from AlphaSense. “Its margin is very dilutive to…

“Big Blue is so back.” Amit Daryanani, an Evercore ISI analyst, is commenting on the most recent earnings of International Business Machines Corp. (IBM). With its shares topping gainers on the S&P 500 SPX and Dow Jones Industrial Average DJIA and heading for their best day ever, the company’s remarks had Wall Street buzzing. Why such a positive outlook? The outlook on consulting has significantly improved. “We think the print highlighted IBM’s unique position across both software and consulting segments that are starting to inflect higher with [artificial intelligence] and potential [mergers and acquisitions] being incremental upside catalysts,” Daryanani stated.…

The sad accident that occurred late Wednesday between a military helicopter and a regional flight operated by American Airlines (AAL) highlights how rare both “near misses” and deadly passenger airline catastrophes are in the United States. According to Ernest Arvai, head of aviation consulting firm AirInsight Group, “we have had a relatively safe period for quite a while.” “With the number of flights crisscrossing America’s skies, deadly crashes like Wednesday’s are thankfully rare events,” he said. “But perfect is always the goal of aviation, and even one is too many,” Arvai stated. 67 individuals were killed in the collision on…

After disclosing adjusted revenue in its fourth-quarter earnings report that was released early Thursday, Southwest Airlines Co. may face the possibility of receiving a comment letter from the Securities and Exchange Commission. In footnotes, the airline (LUV) clarified that the adjusted revenue—a non-GAAP metric—was connected to flight credits given to customers in 2022 and earlier. Generally Accepted Accounting Principles, or GAAP, is the norm that American businesses must adhere to. That year, Southwest changed its policy, deciding that travelers who had accrued points from its loyalty program or who had accumulated credits due to their inability to travel during the…

President Donald Trump’s warning of tariffs on Canada this weekend might result in higher lumber prices for the U.S. construction industry within a month. After the terrible wildfires, that is especially bad news for Southern California. “Nearly immediately but almost certainly within 30 days,” Jim Cagnina, senior market analyst at brokerage NinjaTrader, told BourseWatch, timber prices are expected to rise in a number of industries, including manufacturing, residential construction, commercial and industrial development, and others. However, he noted, price hikes “will be absorbed by the buyers one way or the other,” and the building industry would “keep driving forward.” According…

When might be a good time for the Fed to lower interest rates this year, to paraphrase a well-known New Yorker cartoon? March? June or May? What if we never made any cuts during the year? While some analysts believe the Federal Reserve under Chair Jerome Powell will not ease again until 2026, others said Wednesday that the cutting cycle is over. Following their meeting on Wednesday, Fed officials decided to keep interest rates between 4.25% and 4.5%. Fed officials had planned two quarter-point rate cuts for 2025 in December. Also read: Powell adopts a wait-and-see stance on interest rates,…