Reservation

Trump needs to make another key appointment as Janet Yellen's right hand man steps down

9 days ago   |   By

Reuters/U.S. Federal Reserve/Handout via Reuters Today is Stanley Fischer's last day as the Federal Reserve's No. 2 official, leaving yet another open spot on the central bank's powerful board of governors for President Donald Trump to fill.
Trump has yet to name a replacement for Janet Yellen, whose term ends in February, although he is reported to be close to making a decision , and seems to be wavering between ex-Morgan Stanley banker and Fed governor Kevin Warsh and ex-Carlyle Group executive and current board member Jerome Powell.
Given the overwhelming volume of pending items on the...
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The environmental rules that Trump is reversing are in no way limited to energy or parks

The environmental rules that Trump is reversing are in no way limited to energy or parks

9 days ago   |   By

Shutterstock President Donald Trump has said he believes climate change is a hoax.
So it's no surprise that Trump's EPA administrator, Scott Pruitt, has announced plans to roll back the Clean Power Plan - Obama's signature pollution-curbing legislation.
Since entering the White House, Trump's administration has made efforts to revoke or reverse 52 Obama-era environmental polices aimed at fighting the gradual warming of the planet.
Trump has called these polices "stupid" and claimed they are unfair to the fossil fuel industry. The administration's long string of regulatory rollbacks have...
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The Clean Power Plan is among dozens of environmental rules that Trump is reversing - here are the key others

The Clean Power Plan is among dozens of environmental rules that Trump is reversing - here are the key others

9 days ago   |   By

Reuters/Yuri Gripas President Donald Trump has said he believes climate change is a hoax.
So it's no surprise that Trump's EPA administrator, Scott Pruitt, has announced plans to roll back the Clean Power Plan - Obama's signature pollution-curbing legislation.
Since entering the White House, Trump's administration has made efforts to revoke or reverse 52 Obama-era environmental polices aimed at fighting the gradual warming of the planet.
Trump has called these polices "stupid" and claimed they are unfair to the fossil fuel industry. The administration's long string of regulatory rollbacks...
Read more ...

 


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'The Walking Dead' actor talks the season 8 premiere: Dwight 'has to make...

'The Walking Dead' actor talks the season 8 premiere: Dwight 'has to make some high-stake decisions'

Gene Page/AMC Warning: There are spoilers ahead if you have not watched "The Walking Dead" season 8 premiere. " The Walking Dead " season eight premiere kicked off Sunday... Read more ...

The yen is at a three-month low after Abe's win, while the euro struggles

The yen is at a three-month low after Abe's win, while the euro struggles

Kent Nishimura/Getty Images Japan's currency hit a three-month low on Monday following a win for Prime Minister Shinzo Abe's government. The US dollar was a major... Read more ...

There could be good news coming for one side of a war tearing Wall Street apart

There could be good news coming for one side of a war tearing Wall Street apart

REUTERS/Brendan McDermid Trading firms have long complained about the mounting cost of data charged by US exchanges like the New York Stock Exchange and Nasdaq. The Securities... Read more ...

All 5 living former presidents appeared together at a concert to raise money...

All 5 living former presidents appeared together at a concert to raise money for hurricane relief

Associated Press/LM Otero Presidents Barack Obama, George W. Bush, Bill Clinton, George H.W. Bush, and Jimmy Carter gathered for a concert to raise money for hurricane... Read more ...

A fund chief at $2.6 trillion giant State Street says America's hottest...

A fund chief at $2.6 trillion giant State Street says America's hottest investment product is warping the stock market

State Street State Street Global Advisors, a $2.6 trillion asset manager, is a huge player in the passive-investment movement, developing index and exchange-traded funds that... Read more ...

SHILLER: Most people got the cause of Black Monday's stock market crash wrong

SHILLER: Most people got the cause of Black Monday's stock market crash wrong

Jean-Christophe Kahn/Reuters Right after the stock market crashed on Oct. 19, 1987, Robert Shiller sent investors a questionnaire to figure out what caused it. His research... Read more ...

Billionaire hedge fund manager Dan Loeb's Third Point is crushing the...

Billionaire hedge fund manager Dan Loeb's Third Point is crushing the competition

REUTERS/Steve Marcus Dan Loeb's Offshore and Ultra funds hold respective gains of 14.5% and 23% this year. The average hedge fund was up 5.92% through September 2017. Third... Read more ...

Betterment, the investing startup that's attracting $12 million a day, is...

Betterment, the investing startup that's attracting $12 million a day, is now valued at $1 billion in private market trading

Betterment Betterment, the largest independent roboadviser with $11 billion under management, provides algorithm-based online and mobile financial advice. It raised $70 million... Read more ...

How to raise a monster round of funding when your competitor has 30 times...

How to raise a monster round of funding when your competitor has 30 times more cash than you and keeps threatening to squash your startup

Jeff Chiu/AP Ride-hailing service Lyft recently raised $1 billion in a funding round led by Alphabet's investment arm. But just three years ago, Lyft was the little guy. Lyft... Read more ...

Formula One Is Giving Us The Live Stream We Demanded In 2018

Formula One Is Giving Us The Live Stream We Demanded In 2018

Formula One listened to our demands , and they're finally giving us what we want. F1's Managing Director of Commercial Operations Sean Bratches told Autosport that the series... Read more ...