Seeking Alpha’s roundup of statements, announcements and remarks that could impact markets, sectors and individual stocks.
- President Trump has again demanded that the Federal Reserve lower interest rates, adding that his administration is considering filing a “major lawsuit” against Fed Chair Jerome Powell over his handling of extensive renovations at the central bank’s headquarters in Washington.
“Jerome ‘Too Late’ Powell must NOW lower the rate. Steve ‘Manouychin’ really gave me a ‘beauty’ when he pushed this loser. The damage he has done by always being Too Late is incalculable. Fortunately, the economy is sooo good that we’ve blown through Powell and the complacent Board,” Trump said in a post on Truth Social.
“I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings. Three Billion Dollars for a job that should have been a $50 Million Dollar fix up. Not good!” Trump added.
- Trump also slammed Goldman Sachs (NYSE:GS) and its CEO, David Solomon, for the bank’s views on the administration’s tariff strategy.
“David Solomon and Goldman Sachs refuse to give credit where credit is due. They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else. I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution,” Trump said in a post on Truth Social.
Over the weekend, Goldman analysts released a note that said the impact of the tariffs on prices was just beginning to be felt, according to Bloomberg.
- Spirit Airlines (OTC:SAVEQ), which emerged from Chapter 11 in March, said it may not be able to stay in business much longer, citing adverse market conditions and ongoing liquidity issues.
“Because of the uncertainty of successfully completing the initiatives to comply with the minimum liquidity covenants and of the outcome of discussions with Company stakeholders, management has concluded there is substantial doubt as to the Company’s ability to continue as a going concern within 12 months from the date these financial statements are issued,” Spirit said in an SEC filing.