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Treasure Global, Inc. engages in the provision of payment solutions. The firm created an online-to-offline (O2O) e-commerce platform business model offering consumers and merchants instant rebates and affiliate cashback programs. It operates through the ZCITY Platform and Customized Software Development Service segments. The company was founded by Kok Pin Tan on March 20, 2020 and is headquartered in New York, NY.

Treasure Global Inc

TREASURE GLOBAL INC

Treasure Global ($TGL) is trending after a significant surge following its reverse stock split, which dramatically reduced its outstanding shares. The community is buzzing with excitement, drawing comparisons to other low-float runners, and speculating about potential triple-digit gains next week, while also cautioning against a potential pullback. Discussions also highlight the company's future revenue growth plans related to digital assets and fintech initiatives.

Carvana Co. is a holding company and an eCommerce platform, which engages in the buying and selling of used cars. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Tempe, AZ.

Carvana Co. - Ordinary Shares - Class A

Carvana Co.

Carvana's potential inclusion in the S&P 500 is a key catalyst, sparking both excitement and skepticism within the community. Bulls are celebrating the potential for further gains, while bears are pointing to the company's fundamentals and insider selling, calling it a "scam". The debate centers around whether the stock's surge is justified or if it's a bubble waiting to burst.

Netflix, Inc. engages in providing entertainment services. It also offers activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.

Netflix Inc.

Netflix Inc

Netflix is trending following news of its acquisition of Warner Bros. Discovery, a deal that has sparked debates about potential dominance in the streaming landscape. While some investors express concerns over debt and regulatory hurdles, others foresee long-term gains from the expanded content library and market position.

Top Wealth Group Holding Ltd. operates as a holding company, which provides caviar and caviar-based gourmet products. It focuses on supplying sturgeon caviar to customers under its own brand, Imperial Cristal Caviar. The company was founded by Kim Kwan Kings Wong on February 1, 2023 and is headquartered in Hong Kong.

Top Wealth Group Holding Ltd. - Ordinary Shares - Class A

Top Wealth Group Holding Ltd.

TWG is experiencing significant volatility, with community members discussing its potential as the next low-float runner similar to $TGL and $SMX. Bullish sentiment is fueled by a recent profit outlook announcement, though some traders caution against potential pump-and-dump schemes and dilution. The stock's low float and history of volatile swings are driving both speculative interest and concern.

Wheeler Real Estate Investment Trust, Inc. engages in the acquisition, finance, development, lease, ownership, and management of retail properties. Its property portfolio includes income producing, strip centers, neighborhood, grocery-anchored, community, and free-standing retail properties. The company was founded on June 23, 2011 and is headquartered in Virginia Beach, VA.

Wheeler Real Estate Investment Trust Inc

WHLR is trending as traders compare it to recent high-flying, low-float stocks like $SMX and $TGL, with some anticipating a similar explosive move. Community members are actively discussing potential short squeezes, high price targets, and the stock's small float relative to its assets, while others caution against chasing and highlight the company's history of reverse splits.

Pump Mind Virus is a Pure Meme with a long term vision. We are building for the future while making no promises about the present. The project aims to bring the spirit of community memes back to the Solana ecosystem. We do that with engaging content and memes. Culture through community. Viral spread by word of mouth.  And most importantly, by not using the fake hype machine that has come to dominate the meme coin landscape.

PumpMindVirus

PumpMindVirus ($PMV) is trending as community members rally around its meme-driven culture and tight-knit community on the Solana blockchain, celebrating new highs. The "infection" is spreading, with holders expressing excitement about the project's energy and potential. Discussions highlight the coin's strong community, organic growth, and the "pressure" it's bringing to the meme coin space.

MetaVia, Inc. is a clinical-stage biotechnology company, which engages in developing and commercializing multi-modal disease-modifying therapies. Its pipeline includes ANA001, a proprietary oral niclosamide formulation, Gemcabene, which is assessed as an acute indication for COVID-19, NB-01, a treatment for painful diabetic neuropathy, and NB-02, which has the potential to treat the symptoms of cognitive impairment and modify the progression of neurodegenerative diseases. The company was founded on October 30, 2014 and is headquartered in Cambridge, MA.

MetaVia Inc.

MTVA is trending due to positive Phase 2a data for its MASH treatment, with discussions focusing on its potential in the obesity and metabolic disease space. Community members are weighing the company's future prospects, analyzing its financial health, and debating the impact of its relationship with Dong-A ST. Some traders are pointing to its low float and anticipating a potential short squeeze.

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.  Why Litecoin? Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or ‘altcoin’ has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin's 10 minutes.  ‘While this matters little to traders, miners who use hardware to run Bitcoin's network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting,’ Investopedia explained.  As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks'. The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power.  Litecoin Technical Details: The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units.   Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market.

Litecoin

Litecoin is trending as the community discusses potential breakouts and compares its chart to other assets like Nvidia, anticipating a significant move. Bullish sentiment is fueled by potential golden crosses and the belief that Litecoin is undervalued compared to its peers, with some drawing parallels to Bitcoin Cash's previous performance. Some community members highlight Litecoin's established utility and transactional value as key factors for a future surge.

SMX (Security Matters) Plc is a holding company, which engages in the provision of authentication solutions. It offers brand protection, authentication, and track and trace technology. The company was founded by Haggai Alon on July 1, 2022 and is headquartered in Dublin, Ireland.

SMX (Security Matters) Plc

SMX (Security Matters) PLC

SMX is trending due to a potential short squeeze, reminiscent of other recent low-float runners. Community discussions revolve around the possibility of a significant price surge, with some highlighting news and partnerships as potential catalysts.  The stock's volatility and potential for high rewards are also being actively discussed.

Biodexa Pharmaceuticals Plc is a drug delivery technology company. It is focused on the research and development of medicines for rare cancers, via both in-house programs as well as partnered programs. The firm's proprietary platform drug delivery technologies are Q-Sphera platform is a disruptive polymer microsphere technology, which is used for sustained release at the microscale to prolong and control the release of therapeutics over an extended period of time from weeks to months; Midasolve platform is an innovative nano saccharide technology, which is used to dissolve drugs at the nanoscale so that they can be administered in liquid form directly and locally into tumors; Midacore platform is an edge gold nanoparticle technology, which is used for targeting sites of disease at the nanoscale. The company was founded in 2000 and is headquartered in Cardiff, the United Kingdom.

Biodexa Pharmaceuticals Plc - ADR

Biodexa Pharmaceuticals Plc

Biodexa Pharmaceuticals (BDRX) is trending due to a recent Clinical Trial Application filing in Europe for its Phase 3 Serenta trial, with the community discussing its potential impact on the company's Familial Adenomatous Polyposis (FAP) program. While some traders express optimism about the news and potential for a short squeeze given the stock's low float and high cost to borrow, others remain skeptical, citing dilution concerns and past reverse splits.

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<ul class="summary-bullets"><li>Industrial demand and the tightening supply of physical silver have led to a surge in prices.</li><li>Spot gold price was up 0.12% at $4,213.6 per ounce.</li><li>The U.S. dollar index (DXY) was little changed at 99.&nbsp;</li></ul>&nbsp;Silver’s smashing rally has sparked yet another milestone as spot prices breached past $59 per ounce for the first time, a run that has seen the precious metal scale fresh peaks in four of the last six sessions.On Friday, the precious metal hit an all-time high of $59.34, resulting in a 100% year-to-date return.The run began last Friday, as spot silver climbed past $55 an ounce for the first time, buoyed by a weak dollar as traders bet on a potential interest rate cut in December. The rally continued on Monday with silver climbing above $58 per ounce and extended on Wednesday, with the XAG/USD pair hitting a high of $58.95 an ounce.At the time of writing, the spot price eased off all-time highs, trading 2.2% higher at $58.44.<figure class="image"><img style="aspect-ratio:1318/877;" src="https://news.stocktwits-cdn.com/slvr_png_32c7c980ea.webp" alt="slvr.png" width="1318" height="877"><figcaption>Spot silver, spot gold and DXY YTD | Source: TradingView</figcaption></figure>Silver’s record rally is tied to the metal’s high industrial demand. Silver is used in a wide range of applications, including switches, batteries, and solar panels. Physical silver supplies have tightened as London vault inventories have depleted to meet strong silver demand from the U.S. and India.<h2 class="st-heading-2">Gold Edges Higher</h2>Spot gold price (XAU/USD) was up 0.12% at $4,213.6 per ounce on Friday. The pair has benefited from a weaker dollar, rising expectations of a rate cut this month following dovish comments by Fed officials, and weaker post-shutdown economic data.Data from the CME FedWatch tool showed an 87.2% probability of a 25-basis-point rate cut at the December 10 meeting. A week back, the figure stood slightly lower at 86.4%.Last month, Deutsche Bank raised its 2026 gold forecast, expecting prices to reach $4,450 per ounce, up from its previous estimate of $4,000 per ounce. The bank sees gold trading in a wide $3,950 to $4,950 range next year.<h2 class="st-heading-2">Greenback Remains Steady</h2>The U.S. Dollar Index (DXY), which measures the greenback’s strength against a basket of six key currencies: the euro, Japanese yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc, was little changed at 99, a level just below its 50-day moving average.<h2 class="st-heading-2">ETF watch</h2>The iShares Silver Trust (SLV) was up 2% at $52.8, while the SPDR Gold Shares ETF (GLD) traded flat at $387.2&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.

Silver Blasts Above $59, Extending a Record Rally That Has Doubled Prices in 2025

The precious metal hit an all-time high of $59.34 per ounce.

Equity

<ul class="summary-bullets"><li>If the price of an asset climbs above a particularly critical average, traders consider it a sign of improving sentiment, while a drop is seen as a sign of potential decline.</li><li>Some commonly used moving averages are 21-day, 50-day and 200-day moving averages.</li><li>A moving average could show unreliable signals in volatile markets.</li></ul>A moving average (MA) is a tool that helps guide a trader or investor regarding potential price trends.Moving averages are calculated by combining price points of an instrument over a specified time frame and dividing by the number of data points to obtain a single trend line, as per an IG report. For example, a ten-day MA requires 10 days of data, while a one-year MA requires 365 days of data.<h2 class="st-heading-2">How Traders Use Moving Averages?</h2>Traders often consider moving averages as zones of support or resistance, and use them as reference points to predict potential price movements in the near future. If the price of an asset climbs above a particularly critical average, traders consider it a sign of improving sentiment, while a drop below the average is seen as a potential signal of declines.Moving averages are also used in crossover strategies. A common approach involves traders checking whether a shorter-time-frame moving average crosses above or below a longer-time-frame average. For example, if a 21-day moving average moves above the 50-day moving average, it is considered a bullish sign.While these cannot accurately predict whether an asset's price will rise or fall, they offer a simple framework that helps traders time their entries and exits.<h2 class="st-heading-2">Simple and Exponential Moving Average</h2>A simple moving average (SMA) is one of the most widely used metrics, which is derived by calculating the mean price of a set of values over a given time period. If someone wants to calculate the SMA for a 21-day period, they need to take the last 21 days' values and divide the sum by 21.The second type of MA is an exponential moving average, which places more weight on recent prices to make the data more responsive to new information. The EMA tends to be higher than the SMA when the asset's price is rising, and it declines faster than the SMA when the price is falling.<h2 class="st-heading-2">Risks</h2>A moving average can produce unreliable signals in volatile markets, so experienced traders usually avoid relying on it alone. Instead, they combine moving averages with other tools, such as volume trends, momentum gauges, or fundamental data, to build a clearer view of market direction.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/what-is-stock-split-and-reverse-stock-split/cLIS337REk9">Why Companies Split Their Stocks – And How It Impacts Your Portfolio</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Artistic representation of a trending chart.

What Is A Moving Average?

Moving averages are calculated by combining price points of an instrument over a specified time frame and dividing by the number of data points to obtain a single trend line.

<ul class="summary-bullets"><li>Consumer spending, adjusted for inflation, was unchanged in September, following a 0.2% increase in August.</li><li>Personal income rose 0.4% in September, similar to the increase in August.</li><li>Personal savings stood at $1.09 trillion in September, while the personal saving rate was 4.7%, inching up from 4.6% in August.</li></ul>The Personal Consumption Expenditures (PCE) Index, which is the Federal Reserve’s preferred gauge of inflation,&nbsp;rose to 2.8% in September on an annual basis.According to data from the Commerce Department, core PCE, which excludes food and energy, was at&nbsp;2.8% on an annual basis. It rose 0.2% over the previous month.While PCE came in lower than expectations, core PCE was in line with analyst forecasts, according to a Dow Jones estimate&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.marketwatch.com/economy-politics/calendar">compiled</a> by MarketWatch.<h2 class="st-heading-2">State Of Personal Incomes, Outlays</h2>Consumer spending, adjusted for inflation, was unchanged in September, following a 0.2% increase in August. Personal income rose 0.4% in September, similar to the increase in August.In absolute terms, personal income increased $94.5 billion in September, while disposable personal income rose $75.9 billion. Personal consumption expenditures increased $65.1 billion, while personal outlays increased $70.7 billion during the month.Personal savings stood at $1.09 trillion in September, while the personal saving rate was 4.7%, inching up from 4.6% in August.<h2 class="st-heading-2">Consumer Sentiment Improves</h2>The monthly Index of Consumer Sentiment released by the University of Michigan on Friday showed an uptick in December, beating Wall Street expectations.Consumer sentiment rose to 53.3 in December from 51 in November. “Overall, while views of current conditions were little changed, expectations improved, led by a 13% rise in expected personal finances, with improvements visible across age, income, education, and political affiliation,” the report stated.Meanwhile, U.S. equities gained in Friday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up by 0.5%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 0.78%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.4%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘bearish’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was down 0.08% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/pce-data-fed-preferred-inflation-gauge-december-fed-rate-cut-chances/cLIS2suREkG">Ahead Of PCE Data Release, Here's What CME FedWatch Is Indicating About December Fed Rate Cut Chances</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia. (Photo by Sha Hanting/China News Service/VCG via Getty Images)

PCE Report: Fed's Preferred Inflation Gauge Hit 2.8% In September

On an annual basis, core PCE stood at 2.8% in September, in line with expectations.

<ul class="summary-bullets"><li>Trump announced on Truth Social that “tiny cars” can now be built in the U.S., describing them as inexpensive, safe, and fuel-efficient.</li><li>The move targets Asia’s popular ‘kei’ cars, which are ultra-compact vehicles widely sold in Japan.</li><li>Trump referenced his earlier White House comments this week, questioning how such cars would perform in the U.S. market.</li></ul>President Donald Trump said on Friday that he has approved the domestic production of “tiny cars,” signaling a move to bring Asia’s popular kei vehicles to the U.S. market.“Manufacturers have long wanted to do this, just like they are so successfully built in other countries,” Trump wrote in a Truth Social post. “They can be propelled by gasoline, electric, or hybrid. These cars of the very near future are inexpensive, safe, fuel efficient and, quite simply, AMAZING!!!”<figure class="image"><a class="st-link-external" href="https://truthsocial.com/@realDonaldTrump/115667445871563304" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:962/563;" src="https://news.stocktwits-cdn.com/Screenshot_2025_12_05_095643_png_424c97c65d.webp" alt="Screenshot 2025-12-05 095643.png" width="962" height="563"></a><figcaption>Source: @realDonaldTrump/Truth Social</figcaption></figure><a href="https://stocktwits.com/symbol/CARZ">First Trust S-Network Future Vehicles &amp; Technology ETF</a> (CARZ) edged 0.17% higher in morning trade. On Stocktwits, retail sentiment around the fund jumped to ‘bullish’ from ‘neutral’ territory over the past day as chatter increased to ‘normal’ from ‘low’ levels.<h2 class="st-heading-2">Regulatory Changes Open Door For Mini-Cars</h2>Kei cars, known for their compact size and affordability, currently do not meet U.S. federal vehicle standards. “They’re very small, they’re really cute, and I said ‘How would that do in this country?’” Trump told reporters earlier this week at the White House, as he outlined plans to relax stringent&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-may-roll-back-biden-era-fuel-economy-rules-on-wednesday/cLIXAIBRE1a">Biden-era fuel efficiency standards.</a>Secretary Duffy&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=lPqd4Ft55i4">told</a> CNBC on Thursday that he is working with the National Highway Traffic Safety Administration (NHTSA) to “clear the deck” for domestic manufacturing. “Are they going to work on the freeways? Probably not,” Duffy said, noting that the tiny cars are better suited for urban environments and are more affordable than conventional vehicles.<h2 class="st-heading-2">What Is A Kei Car?</h2>Kei cars are a major segment of the Japanese auto market, accounting for roughly one-third of all new-vehicle sales. “Kei,” which means “lightweight” in Japanese, refers to a tax-advantaged class of vehicles subject to strict size and horsepower limits.Toyota Motors, Honda, and other manufacturers are expected to take advantage of the rule changes to build and sell mini-cars in the U.S.Trump’s announcement comes after U.S.-Japan trade discussions included passenger vehicles, earlier this year. Japan showed interest in importing U.S.-made pickups and allowing Toyota and Honda to ship some U.S.-assembled vehicles back home.U.S. equities were mixed in midday trade on Friday. The&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY) was up 0.24%, the&nbsp;<a href="http://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF</a> (DIA) rose 0.21%, and the Nasdaq-100 tracking&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust</a> (QQQ) gained 0.44%. Retail sentiment around QQQ on Stocktwits trended in ‘bearish’ territory over the past day, while chatter rose to ‘normal’ from ‘low’ levels.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/meta-rekindles-publisher-partnerships-as-ai-race-intensifies-against-openai-gemini/cLISdCEREkB">Meta Rekindles Publisher Partnerships As AI Race Intensifies Against OpenAI, Perplexity, Gemini: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

U.S. President Donald Trump speaks to members of the press on October 19, 2025 aboard Air Force One. (Photo by Alex Wong/Getty Images)

Trump Greenlights ‘Tiny Cars’ For US Production After Signaling Support Earlier This Week

Earlier this week at the White House, Trump hinted at approving ultra-compact vehicles, questioning how kei cars would perform in the U.S. market.

Capturing AI Gains Without Overexposure: ETFs to Consider

As AI continues to power market momentum, a diversified approach is key. Here are some ETFs that can help investors benefit from the AI rally without overexposure.

<ul class="summary-bullets"><li>Hassett’s comments come amid growing expectations of a 25 basis point rate cut next week.</li><li>According to data from the CME FedWatch tool, there is a 87.2% probability of a 25 bps cut.</li><li>Morgan Stanley on Friday joined JPMorgan and Bank of America, expecting a rate cut next week and reversing its previous stance that the Fed would pause following the cuts in September and October.</li></ul>National Economic Council Director Kevin Hassett reportedly said on Friday that now is a “good time” for the Federal Reserve to cut rates cautiously, days ahead of the Federal Open Market Committee (FOMC) meeting.During an interview&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.foxbusiness.com/video/6386034948112">with</a> Fox Business, Hassett stated that he expects the Fed to cut rates next week. “It’s a good time for the Fed to cautiously reduce rates again,” he said.The NEC Director is currently among the&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/kevin-hassett-happy-to-serve-next-fed-chair-trump-prediction-markets/cLI7QX6REiX">frontrunners</a> to succeed Fed Chair Jerome Powell, whose term expires in May next year.&nbsp;Hassett’s comments come amid growing expectations of a 25 basis point rate cut next week. According to data from the CME FedWatch&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 87.2% probability of a quarter-point cut.Morgan Stanley on Friday&nbsp;<a href="https://stocktwits.com/news-articles/default/5/morgan-stanley-now-predicts-25-bps-rate-cut-in-december-meeting/cLISdOAREkE">joined</a> JPMorgan and Bank of America in expecting a rate cut next week, reversing its previous stance that the Fed would pause following the cuts in&nbsp;<a href="https://stocktwits.com/news-articles/default/equity/fed-cuts-rates-by-25-basis-points-september-fomc-meeting/chDGxvqRd6u">September</a> and&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/fed-cuts-rates-by-25-basis-points-october-fomc-meeting/cLGZvdHR3DR">October</a>.<h2 class="st-heading-2">US Economy’s Prospects</h2>Hassett stated in the interview that while the U.S. government shutdown had a bigger negative impact on the economy than expected, he projected a “bigger rebound in the first quarter.”He also added that, because of the “big increase” in productivity from AI, the U.S. could see a 4% productivity increase in 2026. As for AI’s impact on jobs, Hassett said that the technology is “like you got a coach with you every step of the way.”<h2 class="st-heading-2">Residency Requirement For Fed Presidents</h2>Hassett also backed Treasury Secretary Scott Bessent’s calls for regional Fed Presidents to have lived in their respective districts for at least three years.“The reason we have all these regional Feds is that we want to make sure that we have a federalist system,” he said in the interview, supporting the idea of these regions having a voice at the table.“The unfortunate thing about the current design of the Federal Reserve is that the only folks who always get a vote on interest rates are the people who live in Washington and the people who live in New York,” Hassett added, while noting that this requirement would not result in the replacement of anyone currently at the Fed.Meanwhile, U.S. equities gained in Friday morning’s trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up by 0.35%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 0.5%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.32%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘bearish’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was down by 0.13% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/pce-data-fed-preferred-inflation-gauge-december-fed-rate-cut-chances/cLIS2suREkG">Ahead Of PCE Data Release, Here's What CME FedWatch Is Indicating About December Fed Rate Cut Chances</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

National Economic Council Director Kevin Hassett speaks to reporters after attending a meeting at the U.S. Capitol Building on April 28, 2025 in Washington, DC. (Photo by Anna Moneymaker/Getty Images)

Kevin Hassett Reportedly Says 'It's A Good Time' For Fed To Reduce Rates Cautiously

The NEC Director is currently among the frontrunners to succeed Fed Chair Jerome Powell, whose term expires in May next year.

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