(Reuters) -U.S. President Donald Trump is considering three finalists for Federal Reserve chair to replace Jerome Powell, whom Trump has criticized all year for not cutting rates as he has demanded. Treasury Secretary Scott Bessent, who is helping run the search, says the Fed’s “policymaking arrogance” has caused missteps and on Friday called for a …
Factbox-And the next Fed chair is? Trump’s short list Read More »
Japan’s broad trade agreement with the United States is “not settled,” as Washington has not issued expected presidential orders on tariffs for pharmaceuticals and semiconductors, Tokyo’s top tariff negotiator said on Saturday. “While a presidential order has been issued concerning adjustments to general tariffs as well as automobile and auto parts tariffs, presidential orders for …
Japan says US trade deal not settled, awaits pharma, chip orders Read More »
(Reuters) -Chrysler owner Stellantis is recalling 91,787 Jeep Grand Cherokee vehicles in the U.S. due to a software error within the hybrid control processor, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Saturday. The error may result in a loss of drive power, the NHTSA said. (Reporting by Rajveer Singh Pardesi in Bengaluru; …
Stellantis to recall about 92,000 US vehicles over loss of drive power, NHTSA says Read More »
By David Lawder (Reuters) -U.S. President Donald Trump signed an executive order offering some tariff exemptions as soon as Monday to trading partners who strike deals on industrial exports such as nickel, gold and other metals, as well as pharmaceutical compounds and chemicals. Trump has spent his first seven months in office building up massive …
Trump signs order offering some tariff exemptions to countries with US trade deals Read More »
By Trevor Hunnicutt and Ann Saphir WASHINGTON (Reuters) -U.S. President Donald Trump’s short list of candidates to succeed Jerome Powell as chair of the Federal Reserve now includes his aide Kevin Hassett, former Fed Governor Kevin Warsh and current Fed Governor Christopher Waller. Trump told reporters at the White House that the three men were …
Trump’s short list for Fed: Hassett, Warsh and Waller Read More »
By Ann Saphir and David Lawder (Reuters) -U.S. Treasury Secretary Scott Bessent on Friday called for renewed scrutiny of the Federal Reserve, including its power to set interest rates, as the Trump administration intensifies its efforts to exert control over a central bank whose insulation from short-term political pressures is widely seen as key to …
US Treasury Secretary Bessent calls for big changes at Fed Read More »
By Elizabeth Howcroft and Lawrence Delevingne (Reuters) -Justin Sun, one of the biggest known backers of President Donald Trump’s World Liberty Financial crypto venture, said on Friday his tokens connected to the project had been frozen, without giving further details. Sun had spent at least $75 million on World Liberty Financial tokens, known as $WLFI, …
Top Trump crypto backer Justin Sun says his World Liberty tokens ‘unreasonably’ frozen Read More »
By Ross Kerber, Dawn Kopecki, Simon Jessop and Arsheeya Bajwa NEW YORK (Reuters) -Tesla’s $1 trillion, 10-year pay package to retain CEO Elon Musk is likely to be approved by shareholders at the company’s annual meeting in November even though the amount is staggering. That is because it was crafted with an eye on keeping …
Tesla’s ‘Super Ambitious’ $1 trillion deal for Musk could still pass shareholder muster Read More »
By Tom Hals WILMINGTON, Delaware (Reuters) -Elon Musk’s blow-out $1 trillion pay package from Tesla proves everything is bigger in Texas, especially under its new management-friendly law. Last year, Tesla reincorporated in the Lone Star State after a judge in its former corporate home, Delaware, ruled a $56 billion compensation for the CEO was “unfathomable” and …
Musk’s Texas-sized $1 trillion payday enabled by state’s new law Read More »
(Reuters) -Tesla outlined a $1 trillion compensation plan for CEO Elon Musk on Friday, which pays out if he is able to grow the EV company’s market capitalization from about $1.1 trillion to $8.5 trillion and to hit several operational targets. The award would vest in tranches and the last two quotas require a board‑approved …
Factbox-Inside Tesla’s $1 trillion pay proposal for CEO Elon Musk Read More »
