President Joe Biden will nominate Jerome Powell as chairman of the Federal Reserve for a second term, and Lael Brainard as vice chair, according to a source familiar.
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| News: What you need to know about the markets | | | | | | Biden to nominate Jerome Powell as Federal Reserve chairman
| | President Joe Biden will nominate Jerome Powell as chairman of the Federal Reserve for a second term, and Lael Brainard as vice chair, according to a source familiar. Read more » | | | Jerome Powell's first term was among the most controversial of any Fed chairman
| | Jerome Powell's tenure leading the Federal Reserve has been among the most tumultuous in the central bank's history. And Powell's second term won't necessarily be much easier. Read more » | | | Stocks rise as President Biden set to give Powell a second term at the Fed
| | Wall Street opened in the green on Monday amid the news that President Joe Biden intends to nominate Jerome Powell for a second term at the helm of the Federal Reserve. Read more » | | | Joe Biden channels his inner Obama by picking Jerome Powell for the Fed
| | By choosing to stick with Jerome Powell, who Donald Trump selected to be Federal Reserve chairman in 2017, President Biden proved that he learned a valuable lesson from his former boss about continuity over partisan politics during challenging economic times. Read more » | | | Rivian shares plunge after saying it won't work with Ford on EVs
| | Shares of upstart electric truck maker Rivian plunged as much as 17% in morning trading Monday after confirming reports that it is no longer working with Ford to jointly develop vehicles. Read more » | | | U.N. warns of 'colossal' collapse of Afghan banking system
| | The United Nations on Monday pushed for urgent action to prop up Afghanistan's banks, warning that a spike in people who are unable to repay loans as well as lower deposits and a cash liquidity crunch could cause the financial system to collapse within months. Read more » | | | | | | | | | |
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| | | +17.27 | | -202.68 | | -15.02 | | 35,619.25 | | 15,854.76 | | 4,682.94 | | +0.05% | | -1.26% | | -0.32% | | YTD +16.38% | | YTD +23.02% | | YTD +24.68% | | | |
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| Biggest Winners | | Las Vegas Sands Corp | +6.19% | | | | Nucor Corp | +6.04% | | | | Ford Motor Co | +5.62% | | | | Coterra Energy Inc | +4.85% | | | Biggest Losers | | Under Armour Inc | -5.93% | | | | Mastercard Inc | -5.42% | | | | Under Armour Inc | -4.99% | | | | Gartner Inc | -3.80% | | | | | |
| Hottest ETF |  | | | NYSE Market Volume |  | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $76.35 | +0.41 / +0.54% | | | Gold | $1,805.60 | -46.00 / -2.48% | | | 10-yr | 1.63% | +0.09 | | | Euro | $1.12 | -0.00 / -0.37% | | |
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