Fed Appointment Kevin Warsh Pressures Wall Street – DAX Stabilizes After Plunge – SanDisk Stock Explodes After Record Outlook – American Express Under Pressure from Interest Rate Cap Debate – SoFi Technologies Reports First Billion-Dollar Quarter – Deckers Outdoor Raises Forecast Thanks to Hoka Boom – Asta Energy Celebrates Brilliant Debut

Markets Under Pressure After Fed Appointment The mood on Wall Street remains tense. Stocks are declining while the US dollar strengthens and long-term government bonds are underperforming. The trigger is President Donald Trump's decision to nominate Kevin Warsh as the new head of the US Federal Reserve . The former Fed governor is seen as less open to aggressive rate cuts and more focused on inflation risks. Gold is significantly under pressure in this environment. Stocks Consolidate Despite Strong Corporate Numbers The US stock markets...