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President Trump Faces Crucial Decision in Selecting Next Federal Reserve Chair

President Trump Faces Crucial Decision in Selecting Next Federal Reserve Chair

President Donald Trump is approaching a significant decision regarding the appointment of the next chairman of the Federal Reserve. The current chairman, Jerome Powell, who was initially appointed by Trump and later renominated by President Joe Biden, will see his term end on May 15. Trump has expressed regret over his previous choice and is considering either former Fed Governor Kevin Warsh or National Economic Council Director Kevin Hassett as potential successors. The Federal Reserve, an independent agency, plays a critical role in setting key interest rates that affect lending across the nation. Trump has been vocal about his desire for the Fed chair to consult with the president on interest rate decisions, a stance that challenges the traditional independence of the Fed.
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Asian shares track US stock market's rise to record highs despite AI bubble worries

Asian shares track US stock market's rise to record highs despite AI bubble worries

Asian shares are higher, tracking Wall Street's rise to records despite a sell-off for Oracle as worries persist about a potential bubble in artificial-intelligence technology
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World shares track US stock market's rise to record highs despite AI bubble worries

World shares track US stock market's rise to record highs despite AI bubble worries

World shares are higher, tracking Wall Street's rise to records despite a sell-off for Oracle as worries persist about a potential bubble in artificial-intelligence technology
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Asian shares are mixed as Oracle's earnings revive AI worries, hitting technology shares

Asian shares are mixed as Oracle's earnings revive AI worries, hitting technology shares

Asian shares are mixed after the U.S. stock market again approached its record high following the Federal Reserve’s cut in its main interest rate
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World shares are mixed as Oracle's earnings revive AI worries, hitting technology shares

World shares are mixed as Oracle's earnings revive AI worries, hitting technology shares

World shares are mixed after the U.S. stock market again approached its record high following the Federal Reserve’s cut in its main interest rate
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AI stocks are falling with Broadcom, but the rest of Wall Street is picking up the slack

AI stocks are falling with Broadcom, but the rest of Wall Street is picking up the slack

Artificial-intelligence stocks are falling again, but smaller U.S. stocks and other areas of the market that used to get left behind by Big Tech are picking up the slack
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Take Five: One last push

Take Five: One last push

Dec 12 (Reuters) - European Union leaders meet for one last push to secure a deal and fund Ukraine with frozen Russian cash, while the United States releases overdue labour market and retail sales data.
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Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Economic Policy Debates

Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Economic Policy Debates

Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Economic Policy Debates
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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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BlackRock's Chiguchi Warns of Potential Rate Risk for Japanese Markets Amid Inflation Concerns

BlackRock's Chiguchi Warns of Potential Rate Risk for Japanese Markets Amid Inflation Concerns

Japanese markets may face significant challenges if the Bank of Japan (BOJ) finds itself 'behind the curve' in addressing inflation, according to Yuichi Chiguchi, BlackRock Japan's chief investment strategist. The BOJ is anticipated to raise its key policy rate by a quarter percentage point to 0.75% next week, which remains below the current inflation rate of approximately 3%. Chiguchi suggests that if inflation continues to rise into the latter half of 2026, the BOJ might be compelled to implement a more aggressive rate hike strategy. This scenario could lead to increased volatility in Japanese financial markets as the central bank attempts to catch up with inflationary pressures.
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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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Wall Street is close to setting record highs, even as Oracle tumbles on AI worries

Wall Street is close to setting record highs, even as Oracle tumbles on AI worries

Wall Street is rising toward records, even as a sell-off for Oracle and worries about a potential bubble in artificial-intelligence technology weigh on the market