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Analysis: Fed Chairman Warsh faces an inflation credibility test after Congress hearings
The new Fed chairman avoided major stumbles in two days of testimony before the House and Senate, but faces a rapid test of his commitment to price stability.
Anthropic moves closer to mega-IPO as bankers line up investor meetings
Anthropic is lining up investor meetings ahead of a potential IPO as soon as October as the AI startup behind looks to beat rival OpenAI to the public markets.
Fed Chairman Warsh says he meets ‘often’ with Trump administration, defends independence
Kevin Warsh said Wednesday that he speaks with Treasury Secretary Scott Bessent frequently outside their regular weekly meetings.
‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding
JPMorgan Chase CEO Jamie Dimon unveiled a $24 million package to bolster American shipbuilding, funding a new submarine facility at the Philadelphia Navy Yard.
Trump’s DNI pick Clayton won’t tell senators Biden won the 2020 election
The Senate Intelligence Committee is considering Jay Clayton’s nomination to be the director of national of intelligence.
IRS chief Frank Bisignano will lead Trump accounts expansion
The Treasury Department is putting a top official in charge of the new program as it enrolls millions of families.
Hassett sees no ‘excuse’ to raise rates, says Warsh will push Fed to ‘right answer’
Hassett, on CNBC, credited President Donald Trump’s policies after the latest consumer price index reading came in much lower than expected.
Goldman Sachs’ Ruemmler to face House questioning on Jeffrey Epstein
Kathryn Ruemmler said earlier this year she would leave Goldman Sachs at the end of June after fallout over her emails with Jeffrey Epstein.
Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%
Morgan Stanley is expected to benefit from higher trading and investment banking revenue in the quarter, as rivals JPMorgan Chase and Goldman Sachs have shown.
Trump’s attorney general nominee Todd Blanche faces Senate Judiciary questions
Todd Blanche previously served as a criminal defense lawyer for President Donald Trump.