A White House official said that the US President Donald Trump will swear in Kevin Warsh as the next Fed Chairman on Friday, May 22nd, at the White House. Last week, Warsh was voted by the US Senate to succeed the current temporary Federal Reserve Chairman Jerome Powell, f
What happened According to a SEC filing dated May 15, 2026, Landmark Investment Partners reduced its reported common-stock position in Douglas Emmett (NYSE:DEI)during the first quarter. The fund’s position in the stock fell to 762,556 shares, with a quarter-end value of $7
Did NextEra Energy Just Make a Massive $67 Billion Bet on AI Power Demand? Here's All You Need to Know In a massive mega-merger, NextEra Energy (NYSE: NEE) is buying Dominion Energy (NYSE: D) in a jaw-dropping all-stock deal valued at nearly $67 billion Dominion sha
The ride-hailing firm will introduce two Dongfeng electric models in Cape Town amid rising fuel costs and infrastructure challenges. Bolt Technology has partnered with Chinese automaker Dongfeng Motor to deploy an electric vehicle fleet in South Africa, starting in Cape To
Shares of Figma (NYSE: FIG) jumped last Friday (May 15) after the collaborative design platform company reported that its first-quarter revenue surged. However, the stock is still down more than 35% on the year, as the company has been dragged down by the software-as-a-ser
CAT shares surge on record backlog and AI-driven data center capex, but $1,000 target hinges on tariff costs and buybacks. Caterpillar reported a $63 billion backlog, up 79% year-over-year, fueled by accelerated data center capital expenditures. The company beat EPS estima
Investors withdrew $1.14 billion from US crypto funds last week as geopolitical tensions drove a broader retreat in risk assets. Crypto investment funds saw net outflows of $1.14 billion, primarily driven by US investors amid rising geopolitical risks. The pullback followe
Fixed income markets offset equity volatility Historically, fixed income and equity performance moved in different directions. However, this relationship broke down in 2022 as the Fed hiked rates quickly. The correlation between bond and equity markets has returned
I want to pay my late 60s parents $1,000 monthly for babysitting. They refuse the money: should I invest it for them instead? A listener named Carrie Anne wrote into the Rich Habits Podcast with a problem most adult children would recognize. She wants to pay her lat
President Donald Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a ceremony Friday, CNBC has learned. The move will end a process that started in the summer of 2025 and culminated last week with the Senate confirming Warsh in a n
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