SEC Chair Gary Gensler is leaving his post on January 20, 2023, when Donald Trump's administration takes over. Gensler, appointed by President Biden in 2021, was known for his tough stance on Wall Street and the crypto industry. He pushed for more transparency, reduced risks, and fought conflicts of
Nvidia is set to reveal its fiscal 2025 third-quarter results after the market closes on Wednesday. Wall Street is eagerly anticipating a significant profit jump to 75 cents per share, with revenue projected to hit $33. 16 billion—both figures marking over 80% growth compared to last year. Given Nvi
In the world of politics and finance, two big names are duking it out for a top spot in Donald Trump's administration. Howard Lutnick and Scott Bessent are both vying to become the next Treasury secretary, and things are heating up. Some Wall Street folks are saying Lutnick isn't experienced enough
With the Trump administration taking over, Wall Street is buzzing about a potential boom in mergers and acquisitions (M&A). Banks and investors are eagerly looking at possible deals. Lina Khan, the Federal Trade Commission chair, has been tough on antitrust, making the last few years slow for busine
Elon Musk, a supporter of Donald Trump, has an interesting idea for who should lead the U. S. economy. He suggested Howard Lutnick, who runs the investment bank Cantor Fitzgerald, should be the next Treasury secretary. Musk thinks Lutnick will challenge the usual business approach on Wall Street, wh
Wall Street analysts are buzzing about Amazon's third-quarter earnings. The tech giant scored big, causing its stock to jump more than 6%. Amazon Web Services (AWS), the company's cloud segment, missed some revenue predictions but still grew nearly 20% compared to last year. Amazon is spending heavi
Asian markets, excluding China, took a dip on Tuesday as investors waited for earnings reports. Japan's Nikkei slid 1. 1%, Australia's S&P/ASX 200 fell 1. 6%, and South Korea's Kospi dipped nearly 1%. Meanwhile, Hong Kong's Hang Seng and Shanghai Composite rose slightly after China's interest rate c
Morgan Stanley, one of Wall Street's giants, just dropped some impressive numbers for the third quarter of 2024. CEO Ted Pick, while chatting on CNBC's Squawk Box at the World Economic Forum in Davos, Switzerland, shared the good news. The company's earnings and revenue both beat experts' prediction
A century after a terrible event, the U.S. Department of Justice (DOJ) has begun looking into the 1921 Tulsa Race Massacre. This tragedy happened in the vibrant Black community of Greenwood, Tulsa, Oklahoma. White mobs attacked the area, destroying numerous Black-owned businesses, churches, homes, a
The US stock market has been on a rollercoaster ride lately, and yesterday was no exception. Traders woke up to a surprise rate cut from the Federal Reserve, which sent shockwaves through the financial world. The central bank slashed its overnight lending rate to a range of 4.75% to 5.00%, marking t
