Chip Stocks Weaken, Oil Steady as Investors Await Hormuz Progress

Chip stocks fell in Asia and the U.S. as investors once again grew nervous about the durability of artificial-intelligence spending, while oil held steady in early European trade.

Trump Has Called Warsh Repeatedly Since He Became Fed Chair

The president has sought Kevin Warsh's counsel on issues such as how the war in Iran is affecting the economy.

Scott Bessent's Yen Trade Has Unintended Consequences for the Markets