"It is challenging to grow a business when you isolate a large segment before your first stock is issued," Sturdivant said.

Crypto bills advance to debate, United Airlines earnings beat expectations, Labubu dolls give Pop Mart a boost, and more news to start your day.

Legal scholars warn that such a move without cause could spark a constitutional crisis.

President Donald Trump has said it is "highly unlikley" he will fire the chair of the US Federal Reserve, hours after asking lawmakers whether he should sack Jerome Powell. Stock markets and the dollar fell following reports Trump had broached the idea with Republicans on Tuesday.

President Trump denies he's planning to fire Fed Chair Jerome Powell.

“Even after pulling back, there is an increased chance that Trump will fire Powell . . . you can see it in the markets,” said Bill Campbell, a portfolio manager at bond-focused asset manager DoubleLi...