Business

Scoop: Powell asks Fed’s IG to review renovation costs amid Trump pressure  Axios Contenders to succeed Powell slam Fed chair as White House pressure intensifies  Yahoo Finance Federal Reserve quietly responds to Trump administration attacks over renovation  CNBC Fed Defends Renovations as White House Widens Attacks on Central Bank  The New York Times Economic council head says Trump’s ability to fire Fed’s Powell is …

Linda Yaccarino’s resignation from X as chief executive marked the end of a high-pressure — and at times emotional — two-year stint that insiders described as riddled with stress, conflict and power struggles, according to a report.   At times, Yaccarino was reportedly tearful in the office, worn down by the overwhelming demands of working under Elon Musk and the …

Becton Dickinson Unit to Combine With Waters Corp. in $17.5 Billion Deal  The Wall Street Journal Becton to merge unit with Waters in $17.5 billion deal  Reuters Becton Dickinson gets its spinoff deal, but the stock is still falling  MarketWatch WAT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Waters Corporation Is Fair to Shareholders  Business Wire Waters Corporation Stock Plunges …

Nvidia Stock Rises. Why CEO Huang Is Taking a Risk With His China Visit.  Barron’s Nvidia’s Jensen Huang brushes off U.S. fears that China’s military will use his firm’s chips  CNBC Nvidia’s Huang Says China’s Military Unlikely to Use US AI Chips  Bloomberg Nvidia CEO to hold media briefing in Beijing on July 16  Reuters Nvidia CEO Jensen Huang warned by U.S. Senators about …

Not just the taco trade — why stocks should be resilient to tariff news, says Morgan Stanley  MarketWatch Tariffs will hit harder in the coming months, with traders growing weary of the trade drama, Morgan Stanley’s CIO says  Business Insider ‘Beautiful Bill’ to provide slight GDP boost through 2027, Morgan Stanley says  Investing.com Corporate interest in stablecoins grows as US lawmakers kick off …

Bitcoin Price Soars Past $120,000 at Outset of House’s “Crypto Week”  The New York Times Bitcoin Soars Past $120,000 as US Congress Starts ‘Crypto Week’  Yahoo Finance Bitcoin surpasses $120,000 to record highs ahead of U.S. lawmakers’ ‘Crypto Week’  CNBC Bitcoin climbs to record $123,000 as US to debate crypto rules  Reuters Bitcoin Price Soars to a New All-Time High. Can It Keep Going …

Why Trump’s push for a 1% Fed policy rate could spell trouble for US economy  Reuters Can the Next Fed Chair Truly Be Independent From Trump’s Influence?  The New York Times The Fed Is Built to Resist Trump’s Meddling  Bloomberg Trump Keeps Pushing Powell to Lower Interest Rates. It Could Backfire.  Barron’s Monday Moneybeat: The Fed fight  wng.org Source link

Key Takeaways The crypto market cap is getting closer to hitting $4 trillion, led by strong gains in Bitcoin and Ethereum. Growing interest from big investors and global adoption are helping push prices higher.  The cryptocurrency market is once again approaching a major milestone. With total market capitalization nearing the $4 trillion mark, bullish momentum is building across digital assets. …

Thibaut Mongon, CEO of Kenvue Inc. a Johnson & Johnson consumer-health business, speaks during an interview with CNBC during his company’s IPO at the New York Stock Exchange (NYSE), May 4, 2023. Brendan McDermid | Reuters Kenvue CEO and board member Thibaut Mongon has stepped down, it said on Monday, in the second big executive change at the consumer health …

Warren Buffett comes out on top from Kraft Heinz flop  Financial Times Exclusive | Kraft Heinz Is Planning a Breakup  The Wall Street Journal Roundup: Kraft Heinz breakup / Quality Jobs program / Customs collections  Baton Rouge Business Report Kraft Heinz Might Split Up, Report Says. What Investors Need to Know.  Barron’s Kraft Heinz is taking the macaroni & cheese out of its ketchup …