Donald Trump, Jerome Powell
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1don MSN
U.S. stocks are shaky on Wednesday after President Donald Trump said he had “talked about the concept of firing” the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates that it loves but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control.
A little-noticed provision in President Donald Trump’s “One Big Beautiful Bill Act” may deliver a stealthy windfall to select software companies. According to analysts at Evercore ISI, changes in tax treatment for research and development and capital expenditures could unlock significant free cash flow for firms with heavy investment in innovation
Stocks were mostly lower, with the 30-year bond yield up, after conflicting reports about whether President Trump is looking to fire Federal Reserve Chair Jerome Powell soon.
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Archer-Daniels-Midland, a leading processor and trader of agricultural commodities like corn, saw its stock tumble 5% in after market trading.
Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
President Trump said Coca-Cola (KO) will go back to using cane sugar in its namesake soda, following criticism of sweeteners such as high-fructose corn syrup by Trump’s health secretary. Shares of bot
US Stock market today shows muted moves as Dow, S&P 500, and Nasdaq futures trade flat while Wall Street reacts to political tension between President Trump and Fed Chair Jerome Powell. Investors are also watching June retail sales data and Netflix earnings,