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Associated Press/Evan Vucci Treasury Secretary Steven Mnuchin said Saturday that President Donald Trump reassured him that he has never suggested firing Federal Reserve Chairman Jerome Powell. Mnuchin tweeted that Trump believed he didn’t have the power to do so. The statement comes in contrast with a Bloomberg report on Friday that said Trump has repeatedly […]
Janet Yellen, former US Federal Reserve chair, has warned that another financial crisis could be in the country’s future, due to ballooning corporate debt and regulatory impotence. “I think things have improved, but then I think there are gigantic holes in the system,” Yellen told economist Paul Krugman at the City University of New York. […]
Evan Vucci/AP Treasury Secretary Steven Mnuchin has reportedly drawn President Donald Trump’s ire after a series of economic decisions and recommendations, according to The Wall Street Journal. Trump is said to have blamed Mnuchin, who backed the appointment of Federal Reserve Chairman Jerome Powell. Powell has raised interest rates three times in 2018, and more […]
As part of his settlement with the SEC over tweets about taking Tesla private, Elon Musk agreed to step down from his post as chairman of the board of directors. Now, while he’s still CEO and retains his seat on the board, Tesla has announced his replacement: Robyn Denholm. Already a Tesla board member, she […]
Angela Merkel has said she will not seek re-election as Germany’s chancellor as well as CDU’s party chair. The decision comes after a debacle for her party in the local elections in the federal state of Hesse. On Sunday, Merkel’s Christian Democratic Union (CDU) received 28 percent of the votes. Although that was more support […]
Fox News A Fox News contributor fell out of his chair while taking a selfie with host Laura Ingraham on Friday night. Ingraham and the contributor, Raymond Arroyo, said it was all a joke. A Fox News contributor fell out of his chair while taking a selfie with host Laura Ingraham while the two held […]
The leader of Germany’s Left Party hit out at the government for mulling potential military strikes against Damascus, just one day after Berlin said it was in talks with allies about possible German military deployment in Syria. “I believe that these discussions are completely irresponsible,” Die Linke (the Left Party) leader Sahra Wagenknecht told German […]
Serena Williams lost her cool at Saturday’s U.S. Open women’s final after chair umpire Carlos Ramos indicated that the tennis great had cheated in her match against Naomi Osaka. Williams ultimately lost the Grand Slam title to Osaka (6-2, 6-4) after she was penalized a game for, among other things, calling Ramos a “thief.” Her temper […]
The US ambassador to the UN, Nikki Haley, has announced that President Donald Trump is set to host a Security Council meeting to discuss Iran when he attends the General Assembly in New York later this month. The US has only just assumed the rotating presidency over the UN Security Council, held by each of […]
Enlarge / T-Mobile CEO John Legere (left) and then-Sprint CEO Marcelo Claure during an interview on the floor of the New York Stock Exchange on April 30, 2018. (credit: Getty Images | Bloomberg) Sprint Executive Chairman Marcelo Claure tweeted this morning that Sprint will build “one of the best networks in the world” even if […]
