From two would be Fed leaders, the central bank needs to change Unemployment is at a decade low, the American economy is growing, and inflation is nowhere in sight, yet for two leading candidates to head the Federal Reserve, the central bank needs shaking up. The Fed is credited by […]
Fed Williams pushes new approach to U.S. inflation goal One of the Federal Reserve's experts on navigating a world of low inflation and economic growth said on Friday the U.S. central bank should seriously consider ditching its old policy framework for a new approach to hitting its price-level goal. In […]
Insurance dampens Berkshire results before annual meeting Berkshire Hathaway Inc (BRKa.N), the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. The results were released one […]
Paul Singer Elliott Management raises $5 billion in 24 hours letter Paul Singer's hedge fund firm Elliott Management Corp raised more than $5 billion in about 24 hours this week, citing a major potential investment opportunity at a time when Singer said financial markets could face a disruption after being […]
E.P.A. Chief Recuses Himself From Suits Opposing Obama Era Rules Scott Pruitt, the administrator of the Environmental Protection Agency, has removed himself from some of the most contentious cases facing it, including challenges to the Obama administration’s Clean Power Plan and a controversial rule related to the Clean Water Act. […]
Republican Party, Emmanuel Macron Your Friday Evening Briefing 1. Did House Republicans kick a hornet’s nest with their bill to repeal Obamacare? That was the question the morning after the bill’s passage. Democrats say they’ll capitalize on anger over the bill to take back the House in 2018. That’s why […]
North Korea accuses CIA of bio chemical plot against leadership North Korea on Friday accused the U.S. Central Intelligence Agency and South Korea's intelligence service of a plot to attack its "supreme leadership" with a bio-chemical weapon and said such a "pipe-dream" could never succeed. Tension on the Korean peninsula […]
Trump does not think U.S. should copy Australia health system White House President Donald Trump was simply saying nice things to an ally when he called Australia's universal healthcare system better than the U.S. system, and he does not think his country should adopt a similar approach, the White House […]
Trump travel ban back in U.S. courts next week as battles stretch on Legal challenges to President Donald Trump's temporary travel ban on people from some Muslim-majority countries heat up again next week when two U.S. appeals courts consider whether it is constitutional. The legal fights may end up at […]
Saudi Arabia, U.S. in talks on billions in arms sales U.S. sources Washington is working to push through contracts for tens of billions of dollars in arms sales to Saudi Arabia, some new, others in the pipeline, ahead of U.S. President Donald Trump's trip to the kingdom this month, people […]
