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Wall Street CEOs back Fed independence as Trump administration probes Powell
Wall Street CEOs back Fed independence after a Trump administration probe of Chair Jerome Powell sparks market and inflation concerns.
Capital One $425 million depositor settlement wins preliminary approval after earlier rejection
NEW YORK, Jan 12 (Reuters) – A federal judge granted preliminary approval on Monday to Capital One’s revised $425 million class action settlement with depositors who said they were cheated out of high interest rates, two months after an earlier accord was rejected. U.S. District Judge David Novak in Alexandria, Virgi[...]
Trump administration probe of Fed’s Powell draws pushback
A criminal probe of Fed Chair Jerome Powell sparked bipartisan criticism, raised concerns over Fed independence and moved markets.
Paramount Skydance sues Warner Bros for details on Netflix deal
Jan 12 (Reuters) – Paramount Skydance on Monday sued Warner Bros Discovery for more information on a rival $82.7 billion deal with Netflix, escalating a battle to take control of one of the most storied Hollywood studios. The David Ellison-led company also said it plans to nominate directors to Warner Bros Discovery’[...]
Alphabet hits $4 trillion valuation as AI refocus lifts sentiment
Jan 12 (Reuters) – Alphabet hit a $4 trillion market valuation on Monday, as the Google parent’s sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race. The tech giant on Wednesday surpassed Apple in market capitalization for the first tim[...]
Trump team escalates attack on Fed’s Powell with criminal indictment threat
Jan 12 (Reuters) – The Trump administration has ramped up its pressure campaign on the U.S. central bank, threatening to indict Federal Reserve Chair Jerome Powell over comments he made to Congress about a building renovation project, prompting the Fed chief to call the move a “pretext” to gain more influence o[...]
Past three Fed chairs decry ‘unprecedented’ assault by Trump on Powell
Former Federal Reserve chairs denounced a criminal probe of Chair Jerome Powell, warning it threatens central bank independence.
Saks Global Plans Chapter 11 Bankruptcy Filing
Luxury retailer Saks Global plans to file for Chapter 11 as soon as Sunday as it seeks financing to stay operating.
Defense firms seek legal advice over Trump’s clampdown on payouts
Defense contractors are seeking legal advice after Trump tied buybacks, dividends and executive pay to weapons deliveries.
Dollar gains against major currencies following U.S. jobs data
NEW YORK, Jan 9 (Reuters) – The dollar gained on Friday after data showed slower than expected U.S. jobs growth, suggesting the Federal Reserve could leave interest rates unchanged later this month. Financial markets had been bracing for a probable Supreme Court decision that could strike down President Donald Trump‘[...]
US Supreme Court does not issue ruling in Trump tariffs case
The Supreme Court will not rule Friday on challenges to President Trump’s global tariffs imposed under emergency powers.
Less than zero: Paramount reaffirms Warner Bros offer, dumps on cable spinoff
Paramount reaffirms its acquisition offer for Warner Bros and rejects a planned cable spinoff as strategic focus shifts.
