Trump names Warsh, Hassett as top Fed contenders, WSJ says

Former President Donald Trump is reportedly leaning towards nominating either Kevin Warsh or Kevin Hassett to lead the Federal Reserve, as he prepares to finalize his selection for the position. This decision follows ongoing discussions about the future direction of U.S. monetary policy and the role of the Fed in managing economic conditions.

The Federal Reserve has taken a unanimous decision to reappoint its regional bank presidents, a move interpreted as a strategy to insulate itself from potential leadership changes under former President Trump. This action is seen as a proactive measure to maintain stability within the institution amid ongoing economic challenges.

Former President Donald Trump is reportedly leaning towards nominating either Kevin Warsh or Kevin Hassett to lead the Federal Reserve, as he prepares to finalize his selection for the position. This decision comes amid ongoing discussions about the future direction of U.S. monetary policy.

Corporate tax revenue has significantly decreased following the recent tax cuts implemented by the Republican administration, with economists suggesting that these tax breaks may ultimately prove beneficial. Companies like Walmart are already reporting lower tax payments, indicating early financial impacts of these changes.

Former President Donald Trump has signed an executive order that prevents individual states from enforcing their own regulations on artificial intelligence (AI), a move that has drawn criticism from California Governor Gavin Newsom. This order aims to create a unified federal framework for AI governance, addressing concerns over a fragmented regulatory landscape across states.

Harold Hamm, a prominent oil tycoon from Oklahoma, has aligned himself with President Trump to influence U.S. energy policy, marking a significant shift in the energy landscape. This partnership aims to reshape regulations and promote domestic oil production, reflecting Hamm's long-standing commitment to the industry.

Cannabis stocks experienced a significant surge following reports that former President Donald Trump is seeking to ease restrictions on the cannabis industry. This development has sparked optimism among investors, reflecting a potential shift in regulatory attitudes towards cannabis businesses.

Venezuela's oil production has significantly declined, prompting the government to assert that former President Donald Trump is interested in its oil resources. The country's output challenges are compounded by political instability and economic turmoil, making recovery difficult.