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Kevin McGurn, Trump Media's interim CEO, has been an advisor to the company since December 2024.
CNBC's Jim Cramer explained the need for investors to focus on fundamentals, not fear, when trading. He highlighted several stocks that recovered after being written off by Wall Street.
For travelers, the disappearing flights are translating into fewer route and connecting options, and of course higher fare prices.
Trump Media & Technology Group , known for its Truth Social platform, on Tuesday named industry veteran Kevin McGurn as its interim chief executive officer, effective immediately.
Democrats pressed him on his financial disclosures and thoughts on Fed independence.
US Senator Elizabeth Warren, a Massachusetts Democrat, says Republicans need to "grow a backbone" and stand up to President Donald Trump regarding the war in Iran. Speaking on "Balance of Power: Evening Edition," Senator Warren also discusses Federal Reserve Chair Nominee Kevin Warsh's testimony before the Senate Banking Committee.
The narrative surrounding artificial intelligence is shifting from the digital cloud to physical manufacturing, aerospace, and defense applications. Global assets linked to the ROBO Global Robotics and Automation Index (ROBO) have effectively doubled over the past 12 months, reflecting a surge in physical AI adoption.
President Trump announced that the U.S. will extend its cease-fire with Iran and continue the blockade of the country's ports until its leaders could present “a unified proposal.”
Despite strong January and February gains, the REIT sector plunged into negative year-to-date territory (-2.22%) by quarter end as REITs aggressively sold off during a rough March (-7.52%). Small cap REITs (-5.65%) saw the least severe average negative returns in March, followed by even tougher declines for large caps (-6.42%), mid caps (-7.15%) and micro caps (-14.90%). Only 10.60% of REIT securities had a positive total return in March.
Crude oil rebounds from key support but faces resistance near the 20-day average, with broader bearish structure suggesting risk of renewed downside if recovery stalls.
Kevin Warsh wants to reduce the balance sheet. Congress could help by creating a resolution fund.
IREN Limited is completing its transformation from Bitcoin mining to a major AI cloud infrastructure operator, scaling up to 150,000 GPUs. The $6 billion additional share issuance limit raises dilution concerns, potentially increasing shares by 37.5%, but enables non-debt financing for GPU purchases and capacity expansion. A $9.7 billion, 5-year cloud contract with Microsoft underpins IREN's forecasted ARR of up to $3.7 billion and supports a bullish 'Buy' rating.
As stocks see-sawed throughout Tuesday's trading session, Marley Kayden and Sam Vadas focus on stories you may have missed underneath the slew of earnings and geopolitical headlines. They highlight a tariff refund process taking shape and touch on incoming Fed Chair Kevin Warsh's confirmation hearing, along with his plan for the FOMC.
Gold breaks down from a bearish wedge, testing key support levels as momentum shifts lower, raising the risk of deeper correction toward lower channel support zones.
President Donald Trump said Tuesday he would extend the U.S. ceasefire with Iran, which is set to expire Wednesday, despite calling off negotiations and warning earlier in the day he would resume bombing without a deal in place.
Fed Chair nominee Kevin Warsh denied that President Trump demanded he lower interest rates in a heated Senate hearing Tuesday.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec. -------- More on Bloomberg Television and Markets Like this video?
US stocks closed lower on Tuesday, reversing earlier gains as geopolitical uncertainty surrounding Iran and concerns about the Federal Reserve's independence weighed on investor sentiment. Markets had initially found support from strong corporate earnings and economic data, but those gains faded as the session progressed.
Former Dallas Fed President Richard Fisher joins 'Closing Bell' to discuss Warsh's hearing in front of Congress, the nominee's ability to cut rates and much more.
Kevin Warsh, tapped by President Donald Trump to lead the Federal Reserve, told a Senate panel on Tuesday he would work with the Treasury Department to help achieve his goal of a smaller Fed balance sheet, in an effort observers say would represent a long-term project for the central bank.