Federal Reserve Chair Kevin Warsh put inflation back at the center of the monetary policy debate on Friday, warning that the central bank could have more work ahead if price pressures fail to ease. Speaking at the Fed’s annual Jackson Hole symposium on Aug.

Fed Chair Kevin Warsh’s Jackson Hole speech signals no near Fed rate cuts as inflation persists. Click for this update on interest rates.

Federal Reserve chairman Kevin Warsh said Friday that the central bank's leaders have "work to do" if they are not confident that inflation is moving to 2% "clearly and at sufficient speed," implying that interest rate hikes are ahead in the absence of improvement in price pressures.

"While this summer's PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved," Warsh said in Jackson Hole.

Shares of Nvidia surged 8.7% on Thursday, to boost the company's market capitalization by a one-day record of $441.5 billion to $5.49 trillion. That was the second largest one-day market cap gain for any company on record.

Shares of Nvidia rose in premarket trading on Thursday. Goldman Sachs and Citigroup raised their price targets for the stock.

Nvidia said Wednesday that its commitments to suppliers to secure components for its AI chips and systems reached $279 billion in its latest quarter, more than doubling from $119 billion the previous quarter.

Are investors back on the Nvidia bandwagon? On Thursday, it looked like they were. Shares of Nvidia (NVDA) rose nearly 9%, closing in on their May record highs, after a strong showing from the chipmaker’s quarterly results.

President Donald Trump says the U.S. can no longer absorb massive trade losses with Canada, dismissing concerns that the tariff fight could drive up costs for Americans ahead of the midterms.

An industry group in New York is raising the alarm as it continues to take a hit from President Donald Trump's ongoing tariff war with Canada.

President Trump signed an executive order to rename Lake Ontario as tensions with Canada remain high over trade. CBS News' Taurean Small reports.

President Donald Trump apparently believes a trade war with America’s second-largest trading partner will be good for Americans’ wallets. Asked Thursday by a reporter what he’d tell Americans who worry his trade dispute with Canada will make things less affordable,

Canada's economy ​rebounded sharply in the second quarter after six months of virtually no growth, aided by strong jump ‌in exports and solid domestic demand, data showed on Friday.

Gross domestic product increased at an annualized rate of 3.3% in the April-to-June period to 2.524 trillion Canadian dollars, the equivalent of US$1.822 trillion, Statistics Canada said. That marks the strongest expansion in more than three years.

Growth in Canada’s real gross domestic product accelerated to 3.3% in the second quarter, confirming a strong economic rebound after a yearlong slump brought on by US tariffs and a slowdown in immigration.

In the midst of a trade war with the U.S., Canada’s economy is showing resilience. According to Statistics Canada, the country’s GDP grew by 3.3 per cent in the second quarter, marking the fastest quarterly growth rate since 2023,

Crude futures posted weekly losses as the market expects tighter U.S. sanctions against Iran to lead to negotiations rather than military escalations.

The flow of crude through the Strait of Hormuz is creeping higher as producers across the Middle East boost exports in the face of Iran’s lingering threat to shipping. The increase is keeping global crude oil prices in check.

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Kuwait and Qatar — two of the Persian Gulf’s smaller oil producers — are sending more crude through the Strait of Hormuz, adding to an increase in shipments that are keeping global prices in check.

To find the latest Stock Market Today threads, click here. Happy Friday. Stocks were mixed as investors looked to the Federal Reserve’s Jackson Hole Symposium, where Fed Chair Kevin Warsh is set to speak.

Stock futures were little changed Friday ahead of a speech by Federal Reserve Chair Kevin Warsh, while stocks tied to the AI trade pulled back after Marvell Technology’s forward guidance did not meet investors’ lofty expectations.

Wall Street searched for direction on Friday as traders awaited Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole Symposium. S&P 500 (SP500) +0.1%, the Dow (DJI) +0.3%, and the Nasdaq Composite (COMP:IND) -0.

Investors are closely watching Warsh's speech, scheduled for 10 am New York time, as his comments on inflation and interest rates could influence expectations for the Federal Rese