From Zacks Investment Research: 2025-06-10 18:00:00

Bloomberg reports that Treasury Secretary Scott Bessent could replace Jerome Powell as the Federal Reserve Chair, facing potential pushback due to the position’s independence. US-China trade talks in London show progress, with discussions on tech and rare earth exports. Tesla’s Elon Musk retracts Trump criticism and shares rebound after a driverless Model Y robotaxi is spotted in Austin. Alphabet’s Waymo faces setbacks with robotaxis being driven by humans and malfunctioning. Trump unveils the “Invest America” plan, aiming to give newborn Americans a $1,000 investment account. CPI numbers due Wednesday morning, providing insight on inflation trends. Investors are watching these developments closely.



Read more at Zacks Investment Research: News Moving Wall Street: New Fed Chair? Also Tesla Robotaxi Hits Austin – June 10, 2025