Julie Morgan

President Trump told reporters on Thursday evening that he plans to announce his pick to lead the U.S.

Central Bank this morning.

It is important to note that earlier in the day on Thursday at a cabinet meeting, the president said he would announce the pick next week.

Warsh, who has long been among the favorites for the Fed position, is considered a relatively hawkish choice.

If nominated and confirmed, he would succeed Powell, whose term ends in May.

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Grubhub is removing service and delivery fees on restaurant orders over $50.

The new policy is already in place for some users, but a broader launch is set for February 2nd.

With free delivery already offered to paid subscribers, Grubhub hopes that with this new policy, consumers will switch from DoorDash and Uber Eats.

Both companies charge a delivery fee of as much as $8 along with a 10% to 15% service fee.

Also, Uber Eats charges another $2 for orders below $10.

Grubhub is also hoping to avoid checkout abandonment, in which customers drop large orders with high delivery fees.

DoorDash carries 71% of this market, Uber eats 23%, and Grubhub only 4%.

The news briefly weighed on shares of Uber Technologies and DoorDash, though both recovered modest losses and were higher at Thursday's close.

Pre-market Dash is down 1.2%, and Uber is down 0.9%.

Apple released first quarter fiscal 2026 financial results that were driven by record-breaking iPhone sales.

For the quarter ended December 31st, Apple reported earnings per share of $2.84 versus the consensus estimate of $2.67.

Revenue for the quarter increased 15.7% to total $143.76 billion, which was more than the $138.52 billion estimate.

Product revenue increased 16 percent to $107.7 billion, which was led by iPhone revenue surging 23 percent.