The new Chairman of the Federal Reserve Kevin Warsh departs from the East Room of the White House after a swearing in ceremony in Washington, DC on May 22, 2026. Aaron Schwartz | AFP | Getty Images Federal Reserve Chair Kevin Warsh has hired two conservative economic policy researchers to work with him at the central bank, a person familiar with the matter told CNBC. The two researchers are Paul W...
The new Chairman of the Federal Reserve Kevin Warsh departs from the East Room of the White House after a swearing in ceremony in Washington, DC on May 22, 2026. Aaron Schwartz | AFP | Getty Images Federal Reserve Chair Kevin Warsh has hired two conservative economic policy researchers to work with him at the central bank, a person familiar with the matter told CNBC. The two researchers are Paul Winfree, the author of the chapter on the Federal Reserve in the conservative policy blueprint "Project 2025," and Daniel Heil, a fellow at Stanford's Hoover Institution think tank, where Warsh held a position before joining the Fed. The two are "working as temporary contractors to support Warsh in his policy analysis and planning on special projects in the areas in which they have worked with him over time," the person said. Warsh hasn't yet made other permanent hires, this person said. Warsh's personnel decisions will be closely scrutinized. His broad network of advisers includes many prominent figures, including former Secretary of State Condoleezza Rice, investor Stanley Druckenmiller, and Chevron CEO Mike Wirth, all of whom appeared at his swearing-in last month at the White House. But Warsh appears to have relatively few close advisers who have worked at the Fed or other major central banks. Warsh has positioned himself as an insider-turned-critic after serving at the Fed as governor during the 2007-2008 financial crisis under Chair Ben Bernanke. Warsh in seeking the job pledged "regime change" at the Fed, telling an interviewer in 2025 that doing so would require "breaking some heads" at the central bank. More recently Warsh has tempered his language about the Fed's staff. At his swearing-in, Warsh said his "goal now is to create an environment in which the best people can do their life's best work." Winfree worked on the Domestic Policy Council in the first Trump administration and more recently founded the Economic Policy Innovation Center, a pro-Trump think tank. H...
A number of stocks jumped in the afternoon session after Jensen Huang's (Nvidia's CEO) GTC Taipei keynote at Computex reframed how large and how long the AI chip cycle will run.
A number of stocks jumped in the afternoon session after Jensen Huang's (Nvidia's CEO) GTC Taipei keynote at Computex reframed how large and how long the AI chip cycle will run.
Earnings Call Insights: Sportsman’s Warehouse (SPWH) Q1 2026 Management View Paul Stone (President, CEO & Director) said, "I'm pleased that the same-store sales in the first quarter were up just over 2% compared to last year despite ongoing consumer macroeconomic pressure and higher fuel prices." Stone highlighted category momentum in core pursuits, saying, "First quarter sales in our Hunting and ...
Earnings Call Insights: Sportsman’s Warehouse (SPWH) Q1 2026 Management View Paul Stone (President, CEO & Director) said, "I'm pleased that the same-store sales in the first quarter were up just over 2% compared to last year despite ongoing consumer macroeconomic pressure and higher fuel prices." Stone highlighted category momentum in core pursuits, saying, "First quarter sales in our Hunting and Shooting Sports department increased over 7% versus last year" and "Sales in our fishing department increased nearly 6% in Q1 and is up about 17% on a 2-year comp stack." Stone framed the prior-year reset in camping and softlines as deliberate, saying, "last year, we strategically reduced inventory and the assortment in our camping and softline departments" to "eliminate slow-moving and low gross margin return on investment products" and "free up working capital dollars" for products aligned to "hunting, fishing, shooting and personal protection." Stone pointed to digital momentum and attachment efforts, saying, "Our e-commerce business outperformed again with e-com-driven sales up over 6% in the quarter" and adding, "We once again saw improvements in both units per transaction and average order value." Stone cited strategic initiatives, saying, "we entered into a partnership with one of the top fishing and hunting lifestyle brands, Field & Stream" and described loyalty work: "Reinventing our loyalty program is a key step... and our partnership with Epsilon... marks an important move forward in that transformation." Jennifer Fall Jung (CFO & Company Secretary) reported, "Net sales for the first quarter were $256.1 million" and "Our same-store sales in Q1 increased 2.1% versus last year." Outlook Jung reiterated full-year guidance, saying, "we are reiterating our guidance for the full year" and "expect fiscal 2026 net sales to range between down 1% to up 2% compared to last year" with "Adjusted EBITDA to be between $30 million and $36 million" and "capital expenditures betwe...
Marvell Technology Inc. (NASDAQ:MRVL) is one of the 10 Stocks Delivering Massive Returns. Marvell Technology climbed to a new all-time high on Tuesday as investors took heart from Nvidia Corp. CEO Jensen Huang’s optimism that it could become the next trillion-dollar company. In intra-day trading, the stock soared to its highest price of $291.30 before […]
Marvell Technology Inc. (NASDAQ:MRVL) is one of the 10 Stocks Delivering Massive Returns. Marvell Technology climbed to a new all-time high on Tuesday as investors took heart from Nvidia Corp. CEO Jensen Huang’s optimism that it could become the next trillion-dollar company. In intra-day trading, the stock soared to its highest price of $291.30 before […]
Traders work at the New York Stock Exchange on May 28, 2026. NYSE U.S. stock futures were little changed on Tuesday night after all three major indexes closed at fresh records during the regular session. S&P 500 futures and Nasdaq 100 futures traded near the flatline. Futures tied to the Dow Jones Industrial Average added about 2 points. Late Tuesday, the Kuwait army said in a social media post th...
Traders work at the New York Stock Exchange on May 28, 2026. NYSE U.S. stock futures were little changed on Tuesday night after all three major indexes closed at fresh records during the regular session. S&P 500 futures and Nasdaq 100 futures traded near the flatline. Futures tied to the Dow Jones Industrial Average added about 2 points. Late Tuesday, the Kuwait army said in a social media post that air defense systems were "intercepting hostile targets." U.S. Central Command later said that American forces defeated Iranian ballistic missiles and drones, and they also carried out "self-defense strikes" on Qeshm Island "in response to attempted attacks by Iran across the Middle East." The major averages notched new record closes on Tuesday. The broad-based S&P 500 rose 0.13% to end above 7,600 for the first time ever, while the Dow added 228.91 points, or 0.45%. The Nasdaq Composite eked out a gain of 0.03%. Meghan Shue, head of investment strategy at Wilmington Trust, noted that if the S&P 500 ends this week higher, it would mark the 10th straight positive week in a row, the longest positive streak since 1985. She believes that as summer begins, stocks could be due for a bit of a breather ahead. "The momentum has been incredibly strong. It's for a lot of good reasons, and a lot of optimism, as well as really strong demand around the AI investment cycles. But still we are moving into a period, sort of moving past earning season, which has been a tremendously positive catalyst for the markets," she said on CNBC's " Closing Bell " on Tuesday afternoon. "Now we are left with kind of the summer lull. Trading activity might slow a little bit, and we still have a lot of geopolitical risk on the horizon." Shue added: "I'm not necessarily calling for a sharp reversion in the market, but I think it makes a lot of sense to see it pause here, or even pull back slightly and introduce a little bit more volatility as we move into the summer months." Medtronic and Macy's will repor...
Justin Sullivan/Getty Images News Chevron ( CVX ) said Tuesday it has applied to join Argentina's incentive regime for large investments for a $13.8B unconventional oil project in the Vaca Muerta shale play, in what would rank among the biggest new bets on one of the world's biggest shale oil and gas reserves and a cornerstone of the country's hopes to revive its economy. "Chevron commends A...
Justin Sullivan/Getty Images News Chevron ( CVX ) said Tuesday it has applied to join Argentina's incentive regime for large investments for a $13.8B unconventional oil project in the Vaca Muerta shale play, in what would rank among the biggest new bets on one of the world's biggest shale oil and gas reserves and a cornerstone of the country's hopes to revive its economy. "Chevron commends Argentina’s government for making meaningful progress toward unlocking Argentina's world-class energy resource," the company said. "Frameworks such as RIGI, which contribute to the regulatory predictability and incentivize long-term investment decisions, are key steps for Argentina’s energy industry," Chevron ( CVX ) added, referring to President Milei's incentive regime for large investments, a key tool to attract foreign capital into strategic sectors including energy, mining and infrastructure. More on Chevron Chevron Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Chevron: Attractive Total Return Potential Over 3- To 5-Year Horizon Chevron Can See Significant Upside From Spot And Oil-Linked LNG Sales
A number of stocks jumped in the afternoon session after Jensen Huang's (Nvidia's CEO) GTC Taipei keynote at Computex reframed how large and how long the AI chip cycle will run.
A number of stocks jumped in the afternoon session after Jensen Huang's (Nvidia's CEO) GTC Taipei keynote at Computex reframed how large and how long the AI chip cycle will run.