Wall Street Breakfast Podcast: Trump Fires Cook, Threatens More Tariffs
Seeking Alpha· 2025-08-26 12:07
Group 1: Federal Reserve Developments - President Trump fired Federal Reserve Governor Lisa Cook amid allegations of mortgage fraud, raising concerns about the Fed's independence under his administration [4][6] - Cook's dismissal could lead to a more dovish majority on the Federal Reserve Board, as Trump would have another opportunity to appoint a member [5] - The dollar experienced a nearly 0.4% drop following the news of Cook's firing, indicating market sensitivity to changes in Fed leadership [6] Group 2: Economic Indicators and Market Reactions - Stock index futures fell slightly, with S&P 500 futures down 0.1%, Nasdaq 100 futures down 0.1%, and Dow futures down 0.2% [3] - The 10-year Treasury yield rose by 2 basis points to 4.3%, while the 2-year yield fell by 2 basis points to 3.71% [4] - Upcoming economic data includes July Durable Goods Orders expected to decrease by 4%, and home prices projected to rise by 2.6% year-over-year in June [8][9] Group 3: Trade and Tariff Threats - President Trump threatened to impose substantial additional tariffs and export restrictions on countries with digital taxes targeting U.S. tech firms [9][10] - Digital services taxes (DSTs) in Europe disproportionately affect American tech giants like Apple, Alphabet, Amazon, and Meta Platforms, while exempting Chinese firms [10] Group 4: Federal Reserve Chair Nomination - Kevin Hassett, a potential nominee to replace Fed Chair Jerome Powell, indicated that Trump is expected to name the next head of the central bank in a few months [11] - Hassett noted that Powell's openness to a rate cut would not influence Trump's decision to extend Powell's term [11]
Ferrovial to develop 250 MW solar facility in Milam County, Texas
Prnewswire· 2025-08-26 12:05
The project will bring reliable electricity to the grid and drive long-term economic growth in the regionAMSTERDAM, Aug. 26, 2025 /PRNewswire/ -- Ferrovial, a leading global infrastructure company, will develop a new 250 MW solar photovoltaic facility, located in Milam County, Texas. The project represents a total investment of approximately $355 million, including debt. Ferrovial will be responsible for the construction, operation, and maintenance of the facility, which will deliver reliable electricity to ...
Teuton Drills Ram Property in BC's Active Golden Triangle
Thenewswire· 2025-08-26 12:05
Porphyry style copper-gold mineralization identified (2024) in surface zone 150m wide by 450m long Gold grades up to 7.01 g/t and copper up to 8.24% in separate VMS system Victoria, British Columbia, Canada – TheNewswire - August 26, 2025 - Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) (“TEUTF”-OTC:QB) announces it is currently drilling targets at its Ram property in British Columbia’s Golden Triangle, focusing on two newly discovered (2024) mineralized zones that exhibit characteri ...
INOVIO to Begin Rolling Submission of BLA for INO-3107 for the Treatment of RRP in Adults
Prnewswire· 2025-08-26 12:05
Complete submission of the Biologics License Application (BLA) remains on track for 2H25 with the goal of file acceptance by U.S. Food and Drug Administration (FDA) by end of 2025PLYMOUTH MEETING, Pa., Aug. 26, 2025 /PRNewswire/ -- INOVIO (NASDAQ: INO), a biotechnology company focused on developing and commercializing DNA medicines to help treat and protect people from HPV-related diseases, cancer, and infectious diseases, today announced that the FDA has notified INOVIO that it agrees with its rolling subm ...
Gold price modestly up as Trump says he fired Fed governor
KITCO· 2025-08-26 12:03
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another. Jim is the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a ...
Pearl Diver Credit Company Inc. Announces Second Quarter 2025 Financial Results
Prnewswire· 2025-08-26 12:02
- Company to Host Conference Call and Webcast at 11:00 AM ET Today -NEW YORK and LONDON, Aug. 26, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced financial results for the second quarter ended June 30, 2025."The Company delivered a solid second quarter, particularly given the ongoing volatility in the macro environment, and our momentum has carried forward into July," said Indranil Basu, Chief Executive Officer of Pearl Diver Credit Company. "For the ...
ARLO UNVEILS ALL-NEW LINEUP OF SMART HOME SECURITY SOLUTIONS WITH ADVANCED AI-POWERED ARLO INTELLIGENCE
Prnewswire· 2025-08-26 12:02
Full range includes new Pan Tilt cameras for both indoor and outdoor use and all-new Pro and Ultra Series models with up to 4K HDR resolutionCARLSBAD, Calif., Aug. 26, 2025 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today introduced a full suite of new smart home security cameras that deliver industry-leading capabilities powered by Arlo Intelligence. With all-new models across the entire Arlo range from Essential to Pro and Ultra Series, Arlo's new lineup giv ...
NextPlat Accelerates Healthcare Growth with New Leadership and Expanded Sales, Marketing, and Technology Investments
Prnewswire· 2025-08-26 12:02
Veteran Healthcare Leadership to Drive Business Process Improvement, Enhanced Customer Service and Support the Introduction of New Services for 340B and Long-term Care ProvidersCOCONUT GROVE, Fla., Aug. 26, 2025 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW) ("NextPlat" or the "Company"), a global consumer products and services company providing healthcare and technology solutions through eCommerce and retail channels worldwide, today announced the strategic expansion of its healthcare operations. This ...
Alphabet Hits an All-Time High: More Rally Ahead for ETFs?
ZACKS· 2025-08-26 12:01
Alphabet Inc. (GOOGL) is trading at all-time highs, thanks to artificial intelligence and cloud initiatives. The stock hit an all-time high of $210.52 on Aug. 25, 2025. Google Cloud is benefiting from accelerated growth across AI infrastructure and Generative AI Solutions. AI Overviews now reach more than 2 billion users per month.It is now driving over 10% more queries globally. Alphabet’s Q2 results confirmed Google Search, YouTube, and Cloud as dependable growth drivers, while heavy AI investments are al ...
PAVmed Signs Letter of Intent to License Groundbreaking Endoscopic Esophageal Imaging Technology
Prnewswire· 2025-08-26 12:01
Newly-formed PAVmed subsidiary to license endoscopic imaging technology designed to identify and facilitate ablative treatment of esophageal dysplasiaLucid Diagnostics to collaborate with PAVmed as a strategic and equity partner on the technologyNEW YORK, Aug. 26, 2025 /PRNewswire/ -- PAVmed Inc. (Nasdaq: PAVM) ("PAVmed" or the "Company"), a diversified commercial-stage medical technology company, operating in the medical device, diagnostics, and digital health sectors, today announced that it has executed ...