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.

Chevron is about to finalize negotiations to migrate all ​its oil joint ventures in Venezuela ‌into the country's new energy framework, allowing the U.S. major more control over operations and ​key oilfield expansions,

Chevron, the second largest U.S. oil company, is building on its wager to remain in Venezuela, where it already accounts for about a quarter of the country’s oil production.

Chevron Corp. and other US energy companies are close to finalizing deals to invest billions of dollars to help rebuild Venezuela’s oil fields, according the Wall Street Journal.

The U.S. oil major is close to a deal to add two heavy-oil fields to its portfolio in Venezuela. Halliburton is also in talks.

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.

After days of threatening action, President Donald Trump on Thursday, Aug. 27, signed an executive order renaming Lake Ontario to 'Lake America' amid a worsening trade war in Canada, the White House confirmed in a social media post on X.

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,

The name change is Trump's latest attack on Canada as the two countries engage in a rapidly spiraling trade war.

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