WS #10052
Fed Chair Warsh's hawkish debut leads to worst S&P 500 'Fed day' for a new chair since 1994, dollar rallies, gold tumbles 3.4%, and rate hike expectations rise. Rumble closes acquisition of Northern Data, renames AI business 'Quake AI', raises revenue outlook by ~30% to 170-190M euros, positive catalyst for RUM.
Fed Hawkish Shift Under Warsh
Fed Chair Warsh's hawkish debut leads to worst S&P 500 'Fed day' for a new chair since 1994, dollar rallies, gold tumbles 3.4%, and rate hike expectations rise.
Rumble closes acquisition of Northern Data, renames AI business 'Quake AI', raises revenue outlook by ~30% to 170-190M euros, positive catalyst for RUM.