Odds of Jerome Powell's removal hit new highs as Trump waves draft firing letter. Political pressure and inflation data drive markets into uncertainty.
Cryptocurrency markets are trading higher on Wednesday after President Trump dismissed rumors that he may remove Federal Reserve Chair Jerome Powell from his post.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 3.1% in the afternoon session after momentum improved in the crypto space with strong uptrend in Bitcoin and Ethereum.
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 4.3% in the afternoon session after an analyst at Piper Sandler significantly raised their price target on the stock. The investment firm boosted its price target on the online brokerage to $110 from $70, while maintaining an "overweight" rating on the shares. This move signals strong confidence from the analyst in the company's future performance.
ATLANTA, Ga., July 16, 2025 (SEND2PRESS NEWSWIRE) -- Strategic Benefits Advisors, Inc. (SBA) today released a practical summary of the employee benefits provisions contained in the newly enacted One Big Beautiful Bill Act (OBBB), signed into law by President Trump on July 4, 2025. While the legislation spans a wide range of tax and policy changes, SBA's summary highlights the bill's most significant impacts on employer-sponsored retirement plans, health and welfare benefits and payroll operations. - News from Strategic Benefits Advisors Inc., issued by Send2Press Newswire
The market is expecting interest rate cuts later this year and is pricing for such. However, the inflation data is showing that it will be very difficult for the Fed to justify such cuts unless a massive recession sets in.
Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independ
In this video, Ira Epstein covers the latest financial market updates for July 15, 2025. He discusses the impact of the CPI report, noting that inflation numbers came in largely as expected, with a slight deviation in core inflation.
Shares of electrical energy control systems manufacturer Powell (NYSE:POWL) jumped 4% in the morning session after the company announced a definitive agreement to acquire Remsdaq Ltd., a UK-based manufacturer of automation and control solutions for the electrical industry. The deal, valued at £12.2 million, or approximately $16.3 million, was announced after the market closed on Tuesday. The transaction is expected to be finalized in the fourth quarter of Powell's fiscal 2025. Remsdaq specializes in producing Remote Terminal Units (RTUs), which are crucial for control and automation in electrical substations for power generation, transmission, and distribution. This acquisition is a key strategic move for Powell, aimed at enhancing its automation platform. The company plans to integrate its technology with Remsdaq's Supervisory Control and Data Acquisition (SCADA) RTUs. This will better position Powell to meet the increasing demand for sophisticated automation solutions and predictive analytics within the utility sector and the broader electrical industry.
Shares of carbonate fuel cell technology developer FuelCell Energy (NASDAQ:FCEL)
fell 3% in the morning session after automotive manufacturer Stellantis announced it was discontinuing its hydrogen fuel cell technology development program.
Shares of hospital management company Universal Health Services (NYSE:UHS) fell 3.6% in the morning session after a BofA Securities analyst downgraded the stock and lowered its price target.
Shares of healthcare company Surgery Partners (NASDAQ:SGRY) jumped 3.3% in the morning session after an analyst at investment firm Benchmark reiterated a "Buy" rating and a $35 price target on the company's stock.
Fort Wayne, IN – May 6, 2025 – Doc Dancer Inc., a respected leader in the HVAC industry serving northeast Indiana since 1946, has officially launched its new air conditioning maintenance service for homeowners in Fort Wayne. This expansion of services reflects the company’s continued commitment to proactive, customer-focused solutions that support long-term system health and seasonal comfort.
Trump reportedly discussed the idea on Tuesday night after the House Republicans blocked a procedural vote that would have advanced cryptocurrency legislation.
The Fed Governor also stated that while easier banking rules help drive risk-taking during economic booms, they also exacerbate weaknesses, and a subsequent downturn makes the situation more painful.
