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President Trump Considers Candidates for Federal Reserve Chair Amid Economic Challenges

President Trump Considers Candidates for Federal Reserve Chair Amid Economic Challenges

President Donald Trump is in the process of selecting a new chairman for the Federal Reserve, as the term of the current chair, Jerome Powell, is set to end on May 15. Trump has expressed dissatisfaction with Powell, who was initially nominated by Trump but later renominated by President Joe Biden. The Federal Reserve plays a crucial role in setting key interest rates that affect lending across the country. Trump is considering two main candidates for the position: former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett. Trump has indicated a preference for a Fed chair who would consult with him on interest rate decisions, a stance that challenges the traditional independence of the Federal Reserve.
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Oracle AI reality check knocks stocks, Fed cut saps dollar

Oracle AI reality check knocks stocks, Fed cut saps dollar

By Marc Jones LONDON, Dec 11 (Reuters) - World stocks stalled on Thursday as cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the U.S. Federal Reserve cut interest rates for a third meeting running.
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Morning Bid: Oracle crashes Powell's party

Morning Bid: Oracle crashes Powell's party

By Anna Szymanski LONDON, Dec 11 - By Anna Szymanski, Editor in Charge, Reuters Open Interest What matters in U.S. and global markets today The Federal Reserve gave markets an early holiday gift yesterday, as the widely expected 25 basis point interest rate cut was accompanied by a less-hawkish-than
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Morning Bid: Is Santa Claus coming to town?

Morning Bid: Is Santa Claus coming to town?

By Anna Szymanski LONDON, December 12 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! 
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Oracle weighs on Wall Street over AI spending worries even as most stocks rise

Oracle weighs on Wall Street over AI spending worries even as most stocks rise

Most U.S. stocks are rising on Wall Street, but a big drop for Oracle is holding the market back as the tech giant contends with worries about whether its spending on artificial-intelligence technology will pay off
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Wall Street dips as Oracle spending revives AI bubble fears and weighs on tech sector

Wall Street dips as Oracle spending revives AI bubble fears and weighs on tech sector

Wall Street was poised to open with losses, one day after markets rallied to near record highs following a Federal Reserve interest rate cut and chair Jerome Powell’s apparent openness to more cuts in 2026
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Wall Street sets record highs even as Oracle tumbles on AI worries

Wall Street sets record highs even as Oracle tumbles on AI worries

Wall Street rose to more records even as a sell-off for Oracle and worries about a potential bubble in artificial-intelligence technology weighed on the market
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Broadcom drags on Wall Street as worries about AI weigh

Broadcom drags on Wall Street as worries about AI weigh

More drops for superstar stocks that soared in Wall Street’s frenzy around artificial-intelligence technology are weighing on the U.S. stock market
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Tumbling tech stocks drag Wall Street to its worst day in 3 weeks

Tumbling tech stocks drag Wall Street to its worst day in 3 weeks

More drops for superstars caught up in Wall Street’s artificial-intelligence frenzy knocked the U.S. stock market off its record highs
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Tumbling tech drags Wall Street off its records and toward its worst day in 3 weeks

Tumbling tech drags Wall Street off its records and toward its worst day in 3 weeks

More drops for superstars caught up in Wall Street’s artificial-intelligence frenzy are knocking the U.S. stock market off its record highs
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Morning Bid: Copper edges past silver to take gold

Morning Bid: Copper edges past silver to take gold

A look at the day ahead in European and global markets from Gregor Stuart Hunter After a banner year for precious metals, industrial metals are in focus today as the prospect of more stimulus from China pushes Shanghai copper futures to a record high. 
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A sell-off for Oracle weighs on Wall Street even as the Dow jumps 465 points

A sell-off for Oracle weighs on Wall Street even as the Dow jumps 465 points

A sell-off for Oracle is weighing on Wall Street as investors question whether its big spending on artificial-intelligence technology will pay off