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US treasury secretary Scott Bessent has said the Federal Reserve is and should be independent but that it had “made a lot of mistakes”, as he defended Donald Trump’s right to fire the central bank governor Lisa Cook. The president has criticised the Fed and its chair, Jerome Powell, for months for not lowering interest rates. Independent central banks are …

[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) …………. Vevey, 1 September, 2025 Nestlé Board appoints Philipp Navratil as CEO following the departure of Laurent Freixe Nestlé’s Board of Directors today announces that Philipp Navratil has been appointed as CEO of Nestlé, S.A., following the dismissal of Laurent …

Facebook Tweet Email Link Washington  —  Southwest Airlines’ newest jets are now flying with a barrier that can protect the cockpit when pilots need to open the door during flight, according to the airline. The company’s first Boeing 737 equipped with the retractable barrier entered service in time for the Labor Day weekend, making it one of the first US …

AUSTIN — A new law partially regulating the state’s burgeoning retail consumable-hemp industry goes into effect on Sept. 1, banning THC-laced “vapes” — with their candy flavors and brand names like “Half Baked” — from smoke shops and gas stations across Texas. The ban, which Gov. Greg Abbott signed into law earlier this summer, comes even as lawmakers wrangle over …

EV maker Tesla (TSLA) saw its European sales continue to slide in August due to rising competition and CEO Elon Musk‘s political views. In France, Tesla car registrations dropped by 47.3% compared to August 2024, even as the overall car market rose by 2.2%. The situation was even worse in Sweden, where Tesla registrations fell by over 84%, and in …

Chinese EV disruptor Nio (NIO) has made significant inroads into the notoriously challenging EV market, which is currently dominated by established giants such as Tesla (TSLA) and BYD (BYDDF). To drive home the point, NIO recently posted fresh sales figures, showing that its broader up-trend is only intensifying rather than petering out. NIO shares closed at $6.38 last Friday with …

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By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks edged higher while the dollar lurked near five-week lows and gold climbed to a record high on Tuesday, as investors girded for a slate of economic data this week, including the crucial U.S. labour report on Friday. Markets widely expect the Federal Reserve to lower interest rates later this month, pricing in an …

Trump Family Profits Even With Tepid Launch of Crypto Tokens  The New York Times Trump Family Amasses $5 Billion Fortune After Crypto Launch  The Wall Street Journal Trump’s World Liberty token falls in first day of trading  CNBC Trump’s World Liberty Financial tokens begin trading  Reuters ‘Easier to Pump’: Crypto Coin Backed by Trumps Opens for Trading  Bloomberg.com Source link