WASHINGTON (Reuters) -President Donald Trump said on Thursday he believes Federal Reserve chair Jerome Powell will leave his job if Trump asks him to do so, although the U.S. central bank chief himself has said he would not leave if asked by the president. Trump told reporters he was not happy with Powell, saying he …
Trump says Fed’s Powell will leave if he asks him; Powell has said he won’t Read More »
By Carolina Mandl NEW YORK (Reuters) – The media company majority owned by President Donald Trump, Trump Media & Technology Group, said on Thursday it had asked the U.S. Securities and Exchange Commission (SEC) to investigate a recent short position in its stocks. Hedge fund Qube Research & Technologies disclosed a roughly $105 million short …
Trump Media presses US regulator to investigate short positions in its stocks Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams said Thursday he sees no imminent need for a change in central bank interest rate policy as Trump administration tariffs are likely to drive up inflation, weaken growth and push up unemployment. “I think monetary policy is well positioned,” …
Fed’s Williams sees no looming need to change monetary policy – Fox Business Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Blackstone Group’s multi-asset investing BXMA unit, the world’s largest investor in hedge funds, posted a 2.3% return after fees in the first quarter, handily outpacing the HFRX Global Hedge Fund Index 0.53% return. The numbers, released on Thursday when Blackstone reported first-quarter earnings, are noteworthy because they came during …
Blackstone’s alternatives unit BXMA reports 2.3% gain in Q1 Read More »
SAN FRANCISCO (Reuters) – Alphabet’s Google illegally dominates two markets for online advertising technology, a judge ruled on Thursday, dealing another blow to the tech giant and paving the way for U.S. antitrust prosecutors to seek a breakup of its advertising products. The decision clears the way for a hearing at another trial to determine what …
Reaction to US judge ruling that Google holds illegal monopolies in ad tech Read More »
(Reuters) -Ford Motor is recalling more than 148,000 vehicles in the United States as part of two recalls, the National Highway Traffic Safety Administration said on Thursday. The automaker will recall 123,611 vehicles due to a fluid leak that could reduce braking performance and increase stopping distance. This affects certain 2017–18 Ford F-150, Expedition, and …
Ford recalls more than 148,000 vehicles, NHTSA says Read More »
By Nichola Groom (Reuters) -The Trump administration’s decision to halt construction of Equinor’s Empire Wind 1 farm off the coast of New York late on Wednesday sent shockwaves through the offshore wind industry, raising concerns that fully-permitted developments representing billions in investment are not safe. U.S. President Donald Trump had campaigned on a promise to …
Trump order to halt NY wind project stuns offshore industry, threatens other projects Read More »
(Reuters) -President Donald Trump has privately discussed firing Federal Reserve Chair Jerome Powell for months and talked about it with former Fed Governor Kevin Warsh, including the possibility of then selecting Warsh as Powell’s replacement, the Wall Street Journal reported on Thursday. Warsh has advised against trying to fire Powell, arguing that Trump should let …
Trump has discussed firing Fed’s Powell with Warsh, eyed as possible successor, WSJ says Read More »
By Deena Beasley and Manas Mishra (Reuters) -Eli Lilly’s experimental pill worked as well as blockbuster drug Ozempic to lower weight and blood sugar in a trial of diabetes patients, and the company said it expects to seek regulatory approvals by the end of the year. Shares jumped 16% as results of the study, the …
Lilly weight-loss pill works as well as Ozempic, shares surge Read More »
By Marianna Parraga HOUSTON (Reuters) -A U.S. court is expected to confirm or reject in coming days a $3.7 billion offer by a Contrarian Funds affiliate aimed at setting a floor for a new bidding round for shares in the parent of Venezuela-owned refiner Citgo Petroleum. This follows a hearing in which creditors pursuing Citgo, …
US judge to decide on starting bid in Citgo parent auction following hearing Read More »
