Bond investors warned US Treasury over picking Hassett as Fed chair

Former President Donald Trump praised Nvidia CEO Jensen Huang following a discussion about export controls affecting the company's operations. This conversation comes amid ongoing scrutiny over U.S. regulations that have impacted Nvidia's ability to export AI chips, particularly to China.

President Trump has reiterated his claims that the cost of living has decreased, despite widespread frustration among American voters regarding rising prices. He labeled the concerns over affordability as a 'hoax,' aiming to bolster his narrative ahead of upcoming political challenges.

Former President Donald Trump has pardoned Leiweke, co-founder of Oak View Group, a company known for its involvement in the sports and entertainment industry.

Former President Donald Trump described the recent meeting between U.S. envoy Steve Witkoff and Russian President Vladimir Putin as 'reasonably good.' This meeting is part of ongoing diplomatic efforts to address the conflict in Ukraine, highlighting the complexities of international relations in the current geopolitical climate.

President Trump has proposed significant reductions to fuel efficiency goals for U.S. vehicles, a move that has garnered support from auto and oil industry leaders while facing criticism from environmental groups who argue it will lead to increased costs for drivers.

Bond investors have raised alarms regarding the potential appointment of Kevin Hassett as the next chair of the Federal Reserve, expressing concerns that his decisions on interest rates may be influenced by former President Trump. This warning comes amid fears of a possible interest rate cut, which could have significant implications for the bond market.

Alex Karp, CEO of Palantir Technologies, defended former President Trump during the DealBook Summit, expressing that he believed Trump had effectively addressed issues he cared about. Karp also dismissed concerns regarding Palantir's collaboration with U.S. Immigration and Customs Enforcement (ICE), emphasizing the company's focus on its technological advancements.

The Trump administration has canceled interviews with finalists for the position of Federal Reserve chair, indicating that President Trump has likely made a decision regarding the leadership of the central bank. This move comes as Trump publicly endorses Kevin Hassett, a longtime adviser, as a leading candidate for the role.