The US plans to place a 100% tariff on semiconductors made outside of the country, President Trump said at a press conference Wednesday. He said companies like Apple and Nvidia, that invest in domestic manufacturing, will be exempt.
Powell responds to Trump's $3.1B claim during Fed building tour: "I'm not aware of that." #yahoofinance #powell #trump #jeromepowell #federalreserve #federalreservebank #construction
Powell: "Tariffs have begun to show through more clearly." #yahoofinance #powell #fed #federalreserve #federalreservebank #inflation #rates #tariff #tariffs
Trump: Powell "should resign immediately. We should get somebody in, that's going to lower interest rates." #yahoofinance #trump #powell #fed #federalreserve #bank #jeromepowell
Tesla's self-driving taxis appeared to violate traffic laws during the company’s first day offering paid rides, with one customer capturing footage of a left turn gone wrong and others traveling in cars that exceeded posted speed limits.
"All I want to do in what's left of my time at the Fed is have the economy be strong and have inflation be under control, have a solid labor market," Federal Reserve Chair Jerome Powell told lawmakers Tuesday.
Powell: "I want to hand over to my successor an economy in good shape... that's what keeps me up at night." #yahoofinance #jeromepowell #powell #federalreserve #fed #us #economy
Replying to @Yahoo Finance Powell: “We decided to leave our policy rate where it’s been which I would characterize as modestly restrictive.” #fed #federalreservemeeting #federalreserve #powell #jeromepowell #inflation #rates #ratecut
Fed Chair Jerome Powell told reporters at a press conference that recent inflation reports have been favorable but that goods prices have been moving up following the introduction of new tariffs and there could be more of that this summer. "We’re beginning to see some effects, and we do expect to see more of them over the coming months." Thus, the right thing to do for now, he added, is “hold where we are” on rates. “What we are waiting for to reduce rates is to understand what will happen with the tariff inflation. There is a lot of uncertainty about that,” but “ultimately the cost of the tariffs has to be paid."
OpenAI launched GPT-5, a new flagship AI model that will power the company’s next generation of ChatGPT. #yahoofinance #samaltman #samaltmanopenai #openai #AI #artificialintelligence #news #chatgpt #gpt5
Bessent asked about Fed chair job: ''I would like to stay in my seat through 2029.'' #yahoofinance #treasury #secretary #scottbessent #finance #news #federalreserve #fed #jeromepowell
“It takes some time for tariffs to work their way through the chain of distribution to the end consumer," Federal Reserve Chair Jerome Powell said during a press conference Wednesday.
Powell: ''Ignore the tariffs,'' inflation is behaving as the Fed expected. #yahoofinance #federalreserve #fed #jeromepowell #powell #inflation #tariffs #tariff
Musk: "We probably could have a few rough quarters. I'm not saying we will, but we could, you know, Q4, Q1, maybe Q2." #yahoofinance #stockmarket #elon #elonmusk #tesla #earnings