Liberty Bell Report
Conservative news from the nation’s capital
Directors were meeting Wednesday night amid reports they are preparing to replace the chip giant's co-founder after his admitted affair with a woman U.S. officials suspect of working for Chinese intelligence.
New reports Wednesday night put the woman at the center of the Nvidia spy scandal in China and showed the fallout reaching the highest levels of U.S.-China diplomacy.
Goldman Sachs and Deutsche Bank added rate increases to their forecasts, and Goldman pushed its first expected cut to late 2027, a sobering signal for families with mortgages and credit card balances.
Stocks rallied on Veterans Day with the bond market closed, as CoreWeave's results revived the AI trade, Europe hit a record and traders braced for a Fed hike.
Two-year yields jumped the most since 2024 after October prices topped forecasts, while CoreWeave's strong outlook gave the AI trade a lift.
The Dow, S&P 500 and Nasdaq all close lower Tuesday while gold and oil edge up.
The betting platform may face federal charges over how it notified regulators about new contracts.
After a hot inflation report, two Federal Reserve officials signaled the central bank may need to move faster.
Consumer prices rose 0.4% in the first inflation report since the midterms, raising the odds of a December rate hike.
Futures point to a roughly 80% chance the Fed raises rates next month, and Tuesday's CPI could seal it.
The Nasdaq gained 1.1% as chip stocks recovered, while a strong jobs report kept pressure on interest rates.
The Dow lost 1,833 points and the Nasdaq fell into a correction as chip and data-center stocks collapsed.
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