Author: Mark Calvey

Trump will have the opportunity to name a new Federal Reserve chairman in May 2026, with a Republican-controlled Senate able to confirm his nomination before the midterm elections later that year.

“What you see is just more of the significant revaluation because of supply and demand,” Wells Fargo CEO Charlie Scharf said of commercial real estate.

Tech startups may pursue a large client as a ticket to growth without understanding the risks involved, United Airlines CIO Jason Birnbaum said.

Some see the latest regulatory action dashing hopes that a punitive asset cap would be lifted soon. “The bank still has work to do,” one analyst said.

The United CEO’s comments come amid regulatory scrutiny that could threaten airline loyalty programs and popular credit cards that offer rewards.

The Boeing strike is just one factor in a brewing storm facing the airline industry, according to United Airlines CFO Mike Leskinen.

Wells Fargo said the “increasingly prudent consumer” is reflected in commercial real estate demand.

“We see significant policy easing in the coming months and quarters,” Wells Fargo’s economists said in discussing the outlook for Fed rate cuts.

United Airlines, the dominant carrier at Houston’s George Bush Intercontinental Airport (IAH), said it’s enjoying a “truly exceptional summer travel season.”

“Getting back to ‘neutral’ will require aggressive easing,” Wells Fargo economist Jay Bryson said in discussing Fed rate cuts ahead.