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Powell delivers his most definitive answer yet on how long he’ll stay on as Fed chair20:42 Federal Reserve chair Jerome Powell said on Wednesday that he will stay on as “chair pro tem” if his successor Kevin Warsh is not confirmed by mid-May when Powell’s term expires. Netflix more likely to raise prices with Warner Bros. deal out of the way, Citi says20:42 Netflix is in a better position to raise subscription prices now that it is out from under the shadow of M&A and regulatory scrutiny, Citi analyst Jason Bazinet says Wave of sports-betting scandals proves the need for an independent watchdog to protect a $165 billion market18:57 As indictments mount, the gaming industry faces a trust deficit with fans and stock investors that only an integrity commissioner can fix. Treasury market flashes sign of growing stagflation risks18:22 A worrisome trading pattern in the roughly $30 trillion Treasury market points to concerns about the economy and inflation. Lumentum’s new revenue forecast further fuels one of the market’s hottest stocks18:22 The company is targeting a massive $2 billion quarterly revenue run rate within two years, driven by increasing demand for optical solutions for advanced AI workloads. China’s middle class is quietly stockpiling cash — ‘shadow saving’ — and it could short-circuit the global economy18:22 Households aren’t broke, the available data indicate. They’re just exhibiting a reluctance to spend. Why Starbucks’ expensive revamp might not win over a younger crowd18:22 Efforts such as adding comfier seats at Starbucks stores might not work with younger customers, RBC analysts say. Attack on key Iran gas field marks escalation of conflict, lifting global oil prices by 5%18:22 Oil prices jumped Wednesday despite the Trump administration announcing it will issue a temporary waiver on a law known as the Jones Act. |