Trump: 'I have no intention of firing' Fed's Powell

April 23, 2025

Trump: 'I have no intention of firing' Fed's Powell

Breaking News

Image source: Wikimedia Commons (Trump), Wikimedia Commons (Powell)

President Trump told reporters "I have no intention of firing" Federal Reserve Chair Jerome Powell even though he wants the policymaker to lower interest rates, making the comment less than a week after Trump asserted on social media that "Powell's termination cannot come fast enough."

EdgeUp

🖥️ Traders expect a big move in Intel stock after Thursday's earnings: Intel is slated to report quarterly earnings after markets close on Thursday in its first report since CEO Lip-Bu Tan took the helm at the beleaguered chipmaker. Some investors expect a big move in the shares after it does. Yahoo Finance reports.

✈️ Boeing gears up for Q1 print; here are the recent forecast changes from Wall Street's most accurate analysts: The Boeing Company will release earnings results for the first quarter, before the opening bell on Wednesday, April 22. Analysts expect the Arlington, Virginia-based company to report a quarterly loss at $1.30 per share, versus a year-ago loss of $1.13 per share in the year-ago period. Benzinga reports.

👩‍💻 Software giant SAP’s shares surge 10% after first-quarter profit beat: SAP on Wednesday posted a 58% year-on-year jump in first-quarter operating profit in constant currency, also confirming its outlook for full-year cloud revenues. CNBC reports.

💸 Apple fined $571 million and Meta $228 million for breaching European Union antitrust rules: The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc’s digital competition laws. CNBC reports.

🧴 P&G's earnings forecast in spotlight as uncertainty plagues consumer spending: Procter & Gamble's annual targets will be in focus when the consumer goods bellwether reports third-quarter results on Thursday, with some analysts expecting a forecast cut due to uncertainty around spending amid global trade tensions. Reuters reports.

📢 Americans are expecting a tariff-fueled price surge. Corporate America says they're right: On Tuesday, two members of the Dow Jones Industrial Average and stalwarts of corporate America — Verizon and 3M — made one thing clear: Should tariff costs materialize, we will pass those on. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $AGMH: AGM Group Holdings

Total gain: +126.66%

2) $SNOA: Sonoma Pharmaceuticals
Total gain: +100%

3) $AGRI: Agriculture-focused technology company
Total gain: +57.24%

4) $BTOG: Bit Origin Limited
Total gain: +47.9%

5) $VRTL: GraniteShares 2x Long VRT Daily ETF
Total gain: +38.71%

Yesterday's Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on April 22.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $TIVC: Tivic Health Systems
Total gain: +100%
The company announced that it provided briefings to senior leadership at the White House and FDA, which garnered significant positive interest in potential military and defense applications for its biologic and bioelectronic product candidates. Benzinga reports.

2) $TMDE: TMD Energy Limited Ordinary
Total gain: +95.32%
The company announced the closing of its previously announced initial public offering of 3,100,000 ordinary shares, par value US$0.0001 per share, at a public offering price of US$3.25 per share to the public, for total gross proceeds to the Company of approximately US$10.08 million, before deducting underwriting discounts and offering expenses. Benzinga reports.

3) $OBLG: Oblong

Total gain: +48.13%
The company announced that its Board of Directors has authorized a stock buyback program to repurchase up to $500,000 of Oblong's common stock. Benzinga reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

IBM

1Q 2025
After Market Close
Estimate: 1.400
Actual: N/A

TFI: TFI International
1Q 2025
After Market Close
Estimate: 1.020
Actual: N/A

ASGN
1Q 2025
After Market Close
Estimate: 0.950
Actual: N/A

Today’s Key Economic Dates

Time (ET) / Report / Period

9:00 am - Chicago Fed President Austan Goolsbee
opening remarks

9:30 am - St. Louis Fed President Alberton Musalem and
Fed Governor Christopher Waller speak

Parting Thoughts

“A long-term view is crucial because the short-term fluctuations of the market can often be misleading.”

- Philip Fisher

Sourced in:
“Common Stocks and Uncommon Profits”, by Philip Fisher, published in 1958

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