Breaking News: Markets
- U.S. dollar rebounds after Bessent shuts down report of potential yen intervention - Treasury Secretary Scott Bessent shut down reports that the U.S. may step into the currency market.
- Oil prices stable after Trump says a 'massive Armada is heading to Iran' - U.S. Central Command said Monday that the Abraham Lincoln Carrier Strike Group had arrived in the Middle East.
- Department of Energy to announce new efforts to boost nuclear fuel supply chain - The Department of Energy will announce an initiative to build out the nation's nuclear fuel supply chain as interest in the emissions-free power source grows.
- JPMorgan Chase and Bank of America to match $1,000 U.S. contributions to employee 'Trump accounts' - Financial firms dominate the list of companies that are matching contributions for the
- Chip stocks rally after bumper earnings and a report of a game-changing China approval for Nvidia - Reuters reported that China has approved sales of Nvidia's H200, sending the AI chip giant's shares higher in premarket trade.
- Mining stocks have been on a tear, with gold passing $5,000. Analysts are split on what's next - Appetite for mining stocks has cooled over the past six months, according to a Citi note.
- Dollar suffers worst one-day slide since last April after Trump says currency hasn't fallen too low - The dollar dropped about 1.3% on Tuesday.
- Asia markets set to open mostly higher after S&P 500 hits record - Markets across Asia were poised to extend gains on Tuesday after a record close on Wall Street, with Australia’s inflation release in focus.
- Five years after the GameStop mania, retail investors have become a force Wall Street can’t ignore - "Retail investors are difference-makers. They can move markets with size and conviction," said Tom Lee, head of research at Fundstrat.
- Fed is likely to lower rates only two more times, even under Trump's next chair pick: CNBC Fed survey - Forecasters don't believe the next Fed chair installed by President Donald Trump will drive down overnight rates towards the low levels demanded by the president.