Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the U.S. Federal Reserve.On Kalshi, traders on Monday marked Warsh as the narrow favorite to replace Jerome Powell , assigning him roughly a 46% chance of nomination, compared with about 39% for Hassett. Just last week, Hassett's odds were as high as 77%, and Warsh's chance was as low as 10%.Kevin Warsh has surged ahead of Kevin Hassett in prediction markets betting on who President Donald Trump will nominate a ...

Stocks closed on Friday in the red, with the tech-heavy Nasdaq Composite (^IXIC) down roughly 1.7% while the blue-chip Dow Jones Industrial Average (^DJI) and benchmark S&P 500 (^GSPC) shed 0.5% and 1%, respectively. For the week, the Nasdaq fell about 1.5% while the Dow gained over 1%. The S&P 500, which shed 0.6% for the week, closed at a record high on Thursday. With another 25 basis point cut in the rearview for the Federal Reserve, attention is likely to focus on machinations around the next Fed cha ...