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US Federal Trade Commission warns law firms about DEI hiring
Jan 30 (Reuters) – The U.S. Federal Trade Commission said on Friday it had written to 42 law firms warning them about diversity, equity, and inclusion hiring, which it described as potentially unfair and anticompetitive. President Donald Trump’s administration has eliminated DEI-related programs in the government. Several private firms have also rolled back such initiatives. […]
Tesla climbs as SpaceX merger talks fuel Musk empire consolidation hopes
Jan 30 (Reuters) – Shares of Tesla jumped nearly 5% on Friday after reports that SpaceX was in deal talks with Elon Musk’s other companies stoked investor hopes that the billionaire’s tech empire could be unified further. SpaceX is in discussions to merge with Musk’s AI startup, xAI, ahead of a blockbuster public offering planned […]
Trump calls rate questions on Fed nominee Warsh inappropriate, confident on cuts
Trump said it would be inappropriate to press Fed chair nominee Kevin Warsh on rate cuts but said he favors lower borrowing costs.
Trump picks former Fed official Warsh to run Fed
Trump nominated former Fed governor Kevin Warsh to succeed Jerome Powell, raising questions about Fed independence and rates.
Stocks slip as Microsoft drags, oil jumps on Iran attack worry
Global stocks dipped as Microsoft shares plunged after earnings, pressuring tech stocks, while oil prices jumped on U.S.-Iran tensions.
US weekly jobless claims fall; trade deficit widens by the most in nearly 34 years
U.S. jobless claims fell last week, signaling low layoffs, though weak hiring is fueling concern about the labor market.
Dow to cut 4,500 jobs, forecasts weak revenue amid sluggish demand
Dow plans to cut 4,500 jobs as part of a restructuring aimed at boosting profitability amid weak global demand.
El Salvador signs trade agreement with US
El Salvador has signed a new trade agreement with the U.S., expanding market access and addressing non-tariff trade barriers.
Stocks retreat from record high, dollar higher after Fed keeps rates steady
NEW YORK, Jan 28 (Reuters) – Global stocks were on pace to snap a five-session streak of gains on Wednesday, while the U.S. dollar held on to gains after the Federal Reserve kept rates steady, as widely expected. In keeping rates unchanged, the Fed cited still-elevated inflation alongside solid economic growth, and gave little indication […]
Fed leaves rates unchanged, sees ‘elevated’ inflation and stabilizing job market
The Federal Reserve held interest rates at 3.50%–3.75%, citing elevated inflation and steady growth, with little guidance on future cuts.
