From Nasdaq: 2025-06-10 16:59:00

Bloomberg reports current Treasury Secretary Scott Bessent could replace Jerome Powell as Fed Chair. Powell’s independence from government influence could make Bessent’s nomination challenging. Senate confirmation is required, and Powell plans to serve until 2026.

US-China trade talks show progress in London, focusing on tech and rare earth exports. The US and India are close to an interim trade deal following negotiations.

First Tesla robotaxi spotted in Austin, as Elon Musk criticizes Trump’s spending bill before retracting comments. Tesla faces backlash and delays, but shares rebound after recent issues are addressed.

Trump unveils “Invest America” plan with CEOs from Dell, Goldman Sachs, and Uber to give newborn Americans $1,000 investment accounts.

CPI numbers are due Wednesday morning, with positive trends despite ongoing trade negotiations.

Investors monitor shifts in Fed leadership, progress in global trade talks, Tesla’s developments, and the impact on the financial landscape.



Read more at Nasdaq: News Moving Wall Street: New Fed Chair? Also Tesla Robotaxi Hits Austin