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Not only did Broadcom's outlook beat expectations, but the company announced a new large AI customer and CEO Hock Tan said he's sticking around in that job until at least 2030.
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Stock Market Today: Stocks Rise; Miran Would Consider Keeping White House Job While at Fed The Wall Street JournalTrump nominee plans to keep White House job if he's confirmed for Fed post NBC NewsTrump's Fed Pick Moves One Step Closer to Board Bloomberg.com
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Miran said he wouldn't fully resign from his position at the White House while serving out the Fed Governor's term, which expires Jan. 31, 2026.
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If a judge temporarily allows her to stay on the Fed board, Lisa Cook faces unresolved allegations and political pressure that could complicate her job.
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What worries policymakers is that the labor market tends to weaken quickly once layoffs commence.
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S&P 500 registers record-high close as data keeps rate cut views intact ReutersStock futures are little changed ahead of August jobs report: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq rise amid weak ADP jobs data, Miran's Fed Senate hearing Yahoo FinanceStocks Rally as Hopes for Rate Cuts Build The Wall Street Journal
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