stock market
The company's stock value tanked 18% after it announced a plan to add more shares.
The share price of Trump's company plunged this week, days after its stock market debut.
The "Tonight Show" host mocked the former president's effort to take credit for the market upswing.
The former president claimed his polls against Biden are "so good that investors are projecting that I will win, and that will drive the market up."
WHAT'S HAPPENING
The Dow jumped 512 points, or 1.4%, to top 37,000 and surpass its prior peak of 36,799.65 set at the start of last year.
Powell’s speech highlighted the uncertainties surrounding the economy and the complexity of the Fed’s response to it.
Fed officials have said they expect at least one more increase this year and then for the benchmark rate to stay elevated through at least early 2024.
Lawmakers and watchdogs think House leadership is trying to tank a ban on congressional stock trading: “It would please the voters but hurt their wallets.”
Time is running out for a vote, and there's muted opposition from lawmakers who think the restriction is not needed.
Wall Street tumbled into a bear market Monday after fears about a fragile economy sent the S&P 500 more than 20% below its record set early this year.