archiveJerome Powell

Stock Market

Dow Jones jumps more than 300 points; S&P 500 nears record

Jun 26, 2025 9:08 PM ISTUS Stock Market LIVE Updates: Informal Mining Boom Is Biggest Fear for Peru’s Copper InvestorsThe biggest threat to Peru tapping more of its giant copper deposits is rising informal and illegal mining activity, according to the head of the country’s main industry association, SNMPE.   Peru has slipped to third in the global copper-production ranking and last year posted its first decline in output in five years. This year, it should be able to get back to growth, albeit slightly, and reach a record 3.4...
Stock Market

Dow, S&P 500, Nasdaq futures stall as Trump reportedly eyes replacing Fed chief early

US stock futures edged up on Thursday as bets on interest-rate cuts rose after President Trump hinted he was looking at replacing Federal Reserve Chair Jerome Powell earlier than expected. Dow Jones Industrial Average futures (YM=F) nudged 0.2% higher, while S&P 500 futures (ES=F) rose about 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) gained 0.4%. Trump's frustration with Powell's "wait and see" approach to interest rates has led him to consider announcing his pick to succeed the Fed chair in September or October, The Wall Street Journal reported. Powell's...
Stock Market

Dow, S&P 500, Nasdaq rally stalls as Nvidia soars to record

Bank of America analyst Vivek Arya said in a report Wednesday that artificial intelligence could boost the AI data center market to $823 billion by 2030, up from $256 billion in 2025. “We expect every major country/region to invest in creating its independent 'sovereign' AI factory, trained in local language, culture, generating high-tech employment, and serving critical healthcare, defense, industrial, financial and cyber needs,” Arya wrote. Some $650 billion of that market would go to AI chips alone, up from $201 billion in 2025. Nvidia (NVDA) is set to be...
Stock Market

Dow, S&P 500, Nasdaq jump as Israel-Iran ceasefire teeters, Powell testifies in Congress

In remarks made on Capitol Hill early Tuesday, Federal Reserve Chair Jerome Powell brushed aside political criticism and reaffirmed the Fed’s commitment to its mission: delivering a strong and stable economy for the American people. When asked about recent name-calling and public pressure from political leaders, including accusations from President Trump of being "too late" on rate cuts, Powell made it clear that such distractions don’t influence the Fed’s work. "We’re focused on one thing," Powell said at the start of his two-day testimony. "And that is we want to...
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