(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said the question of eliminating the U.S. debt limit is “nuanced,” but said if Trump wants to do so he will work with him and with Congress to get it done. “The debt limit is a very nuanced convention,” …
Trump’s US Treasury pick says question of debt limit repeal is ‘nuanced’ Read More »
WASHINGTON (Reuters) – The U.S. Federal Trade Commission and the State of Colorado have filed a complaint against Greystar, a multi-family rental property manager, alleging that it deceived consumers about rental costs with hidden fees, the FTC said on Thursday.”The FTC is suing Greystar for deceptively advertising low monthly rents only to later saddle tenants …
US FTC, Colorado sue property firm Greystar, alleging renters deceived by hidden fees Read More »
NEW YORK (Reuters) -A New York state appeals court ruled in favor of billionaire investor Leon Black on Thursday, rejecting a defamation claim by a woman who also accused the Apollo Global Management co-founder of rape and sexual abuse. In a 4-1 decision, the Appellate Division in Manhattan said Guzel Ganieva’s October 2015 non-disclosure agreement …
US billionaire Leon Black prevails in defamation appeal Read More »
(Reuters) -Barbie parent Mattel said on Thursday Chief Financial Officer Anthony DiSilvestro will retire on May 15. DiSilvestro, who joined Mattel in August 2020, will serve as an advisor through August 15 to ensure a smooth transition, according to the company. During DiSilvestro’s tenure, the company optimized its operations and improved efficiencies that resulted in …
NEW YORK/LONDON (Reuters) – When Bill Clinton began his first term as president in 1993, he faced a challenge to his authority from an unexpected adversary: bond traders. Low taxes and high defense spending over the prior decade had contributed to U.S. debt doubling as a share of economic output. Clinton and his advisers worried …
By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased in December as households bought motor vehicles and a range of other goods, pointing to strong demand in the economy and further reinforcing the Federal Reserve’s cautious approach to cutting interest rates this year. The report from the Commerce Department on Thursday prompted some economists to …
US retail sales exit 2024 with momentum; labor market on solid ground Read More »
By Jonathan Stempel (Reuters) – Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from large non-banks. NetChoice and TechNet said Congress did not give the CFPB free rein to aggressively, arbitrarily and capriciously police …
Tech groups sue US CFPB to block rule on payment apps, digital wallets Read More »
By Patrick Wingrove (Reuters) – Novo Holdings, the controlling shareholder of Novo Nordisk, hopes to double the size of its recently acquired contract drugmaker Catalent over five years, a senior partner at the investment firm said, as it prepares for a likely focus on U.S. manufacturing by President-elect Donald Trump. Novo Holdings last month closed …
Novo Holdings looks to double Catalent size with eye on Trump US manufacturing focus Read More »
(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said that extending Trump’s 2017 tax cuts that are set to expire at the end of this year is “the single most important economic issue of the day.” “If we do not renew and extend, then we will be …
Trump’s US Treasury pick Bessent says extending tax cuts a top priority Read More »
By David Shepardson WASHINGTON (Reuters) – The Federal Communications Commission on Thursday rejected complaints about how ABC News moderated the pre-election TV debate between U.S. President Joe Biden and Republican rival Donald Trump, and appearances of Vice President Kamala Harris on CBS’ “60 Minutes” and NBC’s “Saturday Night Live.” In a statement, outgoing FCC Chair …
FCC rejects complaints over ABC presidential debate, Harris TV appearances Read More »
