The National Capital Planning Commission has become pivotal in the administration’s campaign to discredit Jerome H. Powell, the chairman of the Federal Reserve. Source link
Category: Business
Business News
Trump’s Withering Criticism of Powell Puts Fed Decisions Under Microscope
The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September. Source […]
Trump’s NPR and PBS Funding Cuts Were Decades in the Making
The cuts speak to President Trump’s grip on his party but also to the sweeping changes in media. Source link
Crypto’s $4 Trillion Moment
A legislative win in Congress, and the promise of more to come, has helped lift the prospects and the wealth of the cryptocurrency industry. Source […]
Chevron Wins Green Light to Buy Into One of World’s Hottest Oil Projects
An arbitrator cleared the way for Chevron to buy Hess, allowing the energy giant to acquire a piece of one of the most promising oil […]
Before Trump, Indonesia Had Another Trade Headache: China
Long before President Trump wielded tariffs as a weapon to punish Indonesia, the country was fighting back a flood of cheap Chinese goods. Source link
Will Investors Ever Believe Trump’s Threats Against Powell?
President Trump has become more hostile to the Federal Reserve’s chair. Markets aren’t worried yet, but some on Wall Street are getting more concerned. Source […]
U.S. Proposes Steep Tariffs on Critical E.V. Battery Material
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles. Source link
Crypto Industry Reaches Milestone With Passage of Genius Act
After a week of squabbling in Washington, the cryptocurrency industry secured one of its primary legislative objectives and made progress toward a second one. Source […]
‘Late Show With Stephen Colbert’ Is Being Canceled by CBS
The show will end in May, the network said, calling it “a purely financial decision.” Source link