Recent rally in equities is uncomfortable, says Citi Wealth's Kate Moore
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Yahoo
4 hours ago
- Yahoo
IPO Edge to Host Nasdaq Firesides Aug-Oct 2025
IPO Edge will host fireside chats at Nasdaq MarketSite in Times Square on Tuesday, Aug. 12; Wednesday, Sept, 10; and Thursday, Oct. 2. We invite guests to join these interviews at the iconic Studio A, recorded in 4k with three camera angles on the same set used by CNBC's 'Squawk Box'. Firesides publish on Exec Edge/IPO Edge/CorpGov, Yahoo Finance, Reuters via LSEG Workspace, Bloomberg Terminals and AlphaSense. The interviews feature former CNBC reporter and Editor-in-Chief John Jannarone along with Editor-at-Large Jarrett Banks. Please email for more information. Click , or Watch Highlights from Latest Firesides Below: Links to Latest Interviews Held on June 23, 2025: Board of Directors at Private Co's: EisnerAmper Partner Ryan Keating, Live at Nasdaq Hybrid Infrastructure: Virtana President & CEO Paul Appleby, Live at Nasdaq IPO Surprises: ICR Managing Partner Steve Parish, Live at Nasdaq Managing Crisis Communications: Edelman Smithfield Managing Director Ira Gorsky, Live at Nasdaq Register for our weekly newsletter Contact: Click to follow us on LinkedIn Twitter: @IPOEdge Instagram: @IPOEdge Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
5 hours ago
- CNBC
White House: Tariff price hikes are possible, but so is a meteor strike
A top White House economic advisor on Tuesday likened the odds that President Donald Trump's tariffs will lead to higher prices to those of a meteorite striking earth. "Rare events happen. We get pandemics or, or meteors or whatever," said Stephen Miran, chairman of Trump's Council of Economic Advisers, on CNBC's "Squawk Box." But "there's just no evidence thus far of it happening," Miran said. Anchor Melissa Lee noted that Miran was equating tariff price increases with extremely rare events. "I don't mean to be dismissive," he replied. "All I mean to say is that prediction is difficult, and we should always speak in terms of odds and possibilities." "I don't have a crystal ball telling me the future and neither does anyone else," he said. Miran also promoted a new report from his White House council, which highlighted the fact that prices of imported goods had fallen between December of last year and May, despite fears that Trump's tariffs would hike prices. Trump did not announce his "reciprocal" tariff agenda until April. And he has twice extended the deadline he set for countries to reach bilateral trade deals with the U.S. and avoid these highest rates. While prices some individual goods have already risen as a result of tariffs, Trump's policies have yet to spur the overall inflation that businesses and consumers feared. Many economists say they still expect to see prices increase in the coming months. And they point to multiple reasons why those higher prices have not yet appeared. One is the fact that Trump has repeatedly delayed implementing many of his most severe "liberation day" tariffs. A second is the delay between tariffs and their real world price impact, while a third factor is the stockpiling that many companies did earlier this year. Miran was asked on CNBC whether the White House expects the tariffs to raise prices in the future. "'Won't it come eventually?' said Miran, paraphrasing the anchor's question. "I mean, sure, eventually, you know, a meteor is going to strike or whatever. But we've been waiting many months now and that evidence has just not emerged." The White House report analyzed two inflation gauges: the Personal Consumption expenditure Price Index, or PCE, which is followed by financial markets, and the widely tracked Consumer Price Index, or CPI. "The results clearly show the price of imported components declining, starting in March, while overall prices were close to unchanged or increased slightly," the report concluded.
Miami Herald
6 hours ago
- Miami Herald
Who's running for governor in Maryland so far? See the growing list
BALTIMORE - There's a growing field of candidates vying to steal Democratic Gov. Wes Moore's seat ahead of the 2026 primary election. Though only one candidate has officially filed with the State Board of Elections, four Republicans, two Democrats, and one Green Party candidate have publicly stated that they have their eyes on Maryland's chief executive position. The race grows ever more crowded as Moore hits the campaign trail to stump for Democrats in other states, signaling presumed presidential aspirations. But Maryland and Moore both face new challenges from President Donald Trump, who is implementing tougher, more conservative policies during his second non-consecutive term. Moore has said Trump's agenda is likely to exacerbate the state's already precarious fiscal situation that the governor and General Assembly wrestled with during the 2025 legislative session. They closed a $3.3 billion budget deficit through $2 billion in cuts and a plan to rake in over $1 billion more through new and increased taxes and fees, leaving some gubernatorial hopefuls with the feeling that there may be an opening for a fresh face at the Maryland State House. Here's a look at the field, including Moore, as we hit 2025's halfway mark. Democrats Wes Moore, the incumbent In spite of his limited political background, Gov. Wes Moore swept his gubernatorial election competitor, former Del. Dan Cox, a Frederick County Republican, after at least 13 other hopefuls put their hats in the ring during the 2022 gubernatorial election. As he approaches his first gubernatorial reelection campaign, the 46-year-old popular Maryland governor has campaign funds clocking in at nearly $5 million. A rising star in the Democratic Party, Moore has enjoyed the national spotlight during his first term in situations both ideal and tragic. The governor, who has enjoyed the company of political heavy-hitters, including former President Joe Biden, and spoke at the 2024 Democratic National Convention as the party prepared to tap Vice President Kamala Harris as its nominee. He has also received recognition from Hollywood icon George Clooney, who said on CNN that Moore could be a viable presidential candidate. Moore has publicly said he is not interested in running for president in 2028. The nation's eyes were also on Moore in the aftermath of the collapse of the Francis Scott Key Bridge in March 2024, which in its wake killed six and crippled activity at the Port of Baltimore. Through a coordinated effort with state and federal officials, he was able to reopen the port three months later. Though gaining prominence within the Democratic Party, Moore, a military veteran, faced national criticism for incorrectly claiming on a 2006 White House fellowship application that he was a Bronze Star recipient. Moore has also seen a recent dip in his approval rating after forging a plan with leadership in the Maryland General Assembly to increase taxes in his attempt to fill the state's recent $3.3 billion structural budget deficit. Ed Hale The 78-year-old Democratic Baltimore businessman and former banker Edwin "Ed" Hale Sr. announced his plans to run for governor in early May, despite not filing his official paperwork to do so yet. The Sun reported that Hale's campaign is centered around curbing juvenile crime and improving Maryland's business landscape, noting that Six Flags America in Prince George's County is closing permanently, the Washington Commanders are likely leaving the state, and Trump upended plans to build the FBI's new headquarters in Greenbelt as previously planned in reference to Maryland's current business environment. The founder and former head of the First Mariner Bancorp, the holding company of the Baltimore-based Mariner Bank, Hale is a businessman who established trucking and shipping companies. He is the current owner of the Baltimore Blast, the city's indoor professional soccer team. Republicans Christopher Bouchat Republican candidate Bouchat, a self-proclaimed "conservative" representing Carroll and Frederick Counties, recently told The Sun he plans to run for governor, though he has yet to file with the State Board of Elections. Among his campaign priorities are "limited government," "personal freedom" and "economic free markets." An occasional lightning rod for controversy, Bouchat is rounding out his first term in the Maryland House of Delegates. He is the chairman of Bouchat Industries, Inc., a metal and welding business he founded in 1994. Previously, Bouchat served on the Board of Carroll County Commissioners and the Carroll County Board of Health. John Myrick Republican John Myrick is the only candidate who has officially filed to run, listing former state Del. Brenda Thiam, the first Black woman Republican to serve in the Maryland House of Delegates, as his running mate. The 60-year-old candidate is a former senior federal intelligence officer, Harford County deputy sheriff and member of the U.S. Air Force Reserves. Myrick's campaign centers on improving business development in the state, and he aims to create a combination of private and public sector jobs, improve the education system, public safety, and address the budget deficit. Myrick ran an unsuccessful primary campaign against popular former Republican Gov. Larry Hogan in the 2024 race to replace outgoing U.S. Sen. Ben Cardin, a Democrat. Kurt Wedekind A 60-year-old Carroll County farmer, Kurt Wedekind plans to center his campaign on lowering the high taxes that he said forced his family and friends out of the state. After contracting Lyme Disease, Wedekind opened Wedekind Farms in Westminster, where he and his family sell natural grass-fed beef and pork. Because of his condition, he plans to prioritize improving health outcomes, and said he shares various sentiments with U.S. Health and Human Services Secretary Robert F. Kennedy Jr. Wedekind also plans to platform on reducing government spending. "Our campaign represents a majority of people who live in this state," he told The Sun. The farmer said he will launch a website soon and is looking for a running mate. The Green Party Andy Ellis Andy Ellis is a 48-year-old Green Party candidate and a resident of Northeast Baltimore. He stresses the importance of healthy debate in his campaign messaging and calls for Maryland Public Television to change its "arbitrary" debate rules to support the inclusion of all gubernatorial candidates. Ellis is prioritizing the creation of a "multiparty democracy." He also wants to declare a climate emergency in the state, invest in community organizations, and develop an alternative "solidarity economy." Ellis has a unique focus on the Israeli-Palestinian conflict, advocating for the United States to "end all military, economic, and diplomatic support for Israel and push for peace, democracy and justice for all people in Israel and Palestine." He told The Sun in late May that he hadn't filed to run because he was still in the process of choosing a running mate. Ellis previously worked at Nielsen, a media data and analytics company, and has coached debate teams at the Baltimore Urban Debate League and Towson University. Another possibility? Former Gov. Larry Hogan Former Gov. Larry Hogan, Moore's 69-year-old, popular Republican predecessor, served as Maryland's governor from 2015 to 2023, during which time he publicly battled Trump and led the state through the beginning of the COVID-19 pandemic. He lost the 2024 race to replace outgoing U.S. Senator Ben Cardin against Democrat Angela Alsobrooks. Hogan declined to discuss any possible plans for another gubernatorial run last week. "I'm enjoying retirement," Hogan said. ---------- Reporter Hannah Gaskill contributed to this report. -------------- Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
