NY Fed’s Williams Says Inflation Has Peaked, Diverging From Warsh

New York Fed President John Williams said inflation has peaked, a notably more optimistic read than Chair Kevin Warsh’s recent hawkish pivot, revealing genuine divergence within Fed leadership. Meanwhile star analyst Dan Ives left Wedbush to launch his own merchant bank, and Senator Warren claims Trump’s CFPB overhaul has cost Americans $26.5 billion. Here’s what this week’s finance news reveals.

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Tesla and Alphabet Slump Despite Strong Earnings as AI Spending Unnerves Investors

Tesla and Alphabet shares slumped 14% and 7% respectively despite strong results, as increased AI spending guidance unnerved investors already worried about the AI boom’s costs. Meanwhile Google received its first EU Digital Markets Act fine, and oil jumped past $98 after Houthi attacks on Saudi tankers. Here’s what this earnings season’s punishing reaction pattern means for investors.

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