Fed faces ‘quite challenging’ period keeping recovery on track: Yellen
The Federal Reserve faces a “quite challenging” period in trying to keep the U.S. recovery on track amid a risk that low unemployment could lead to an overheated economy, former Fed chief Janet Yellen said on Friday.
Daly appointment shows diversity gap between regional Feds
The appointment of Mary Daly as the second-ever woman to head up the San Francisco Federal Reserve makes plain that some regional central banks continue to make strides in creating a diverse leadership as criticism intensifies about the Fed’s hiring po…
Mary Daly, labor expert, picked to run San Francisco Fed
Mary Daly, a labor economist who dropped out of high school, later earned a PhD from Syracuse University, joined the San Francisco Fed’s research department in 1996 and led it since 2017, was picked on Friday to be the bank’s next president after a fiv…
Wall Street near flat, Trump gives go ahead on China tariffs
U.S. stocks were flat on Friday after President Donald Trump instructed aides to proceed with tariffs on about $200 billion of Chinese products, while financial shares gained with bond yields.
How JPMorgan’s CFO became the top prospect to succeed Dimon
As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime chief executive of JPMorgan Chase & Co , known for his bravado, quips and occasional profanity-laced outbursts.
U.S. House Democratic leader: NAFTA should stay a trilateral deal
U.S. House of Representatives Democratic Leader Nancy Pelosi on Friday warned the Trump administration that NAFTA should be maintained as a trilateral pact between the United States, Mexico and Canada and not just as a U.S.-Mexico arrangement.
Trump wants tariffs on $200 billion more Chinese goods despite talks: source
U.S. President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the decision said.
Oil mixed as China tariff talk scotches early rally
Oil prices pulled back on Friday on concerns additional U.S. tariffs would be placed on Chinese imports, after an earlier rally triggered by worries that more sanctions on Iran might constrict supply.
U.S. union urges states to look into T-Mobile purchase of Sprint
The Communication Workers of America labor union, which opposes T-Mobile’s proposed purchase of rival Sprint, has written to all 50 state attorneys general to highlight potential job losses from the proposed deal as well as antitrust concerns.
Wall Street falls as Trump greenlights China tariffs
U.S. stocks fell back on Friday after President Trump instructed aides to proceed with tariffs on about $200 billion in Chinese products, despite Treasury Secretary Steven Mnuchin’s attempts to restart talks with Beijing.
