chair
By Hannah Lang, Michelle Price and Chris Prentice WASHINGTON (Reuters) – Officials on President-elect Donald Trump’s transition team are considering current and former Commodity Futures Trading Commission officials for chair of the agency, according to four people with knowledge of the matter. While the derivatives market regulator has traditionally been…
Reporters asked Jerome Powell whether he’d resign if President-elect Donald Trump asked him to.Powell responded with one word: “No.”Trump has been critical of Powell, but a president can’t legally fire a Fed official without cause. Federal Reserve Chair Jerome Powell has no plans to leave the central bank prematurely under…
ZURICH (Reuters) – UBS Chair Colm Kelleher warned on Sunday that the Swiss government’s plans to strengthen capital requirements for big banks could damage the country’s position as a financial centre. The government earlier this year laid out plans for tougher capital requirements for UBS and Switzerland’s three other big…
The Federal Trade Commission’s antitrust buster said Americans lost a lot of privacy protection because a handful of large tech companies were allowed to go on an acquisition spree without greater scrutiny.In a “60 Minutes” interview that aired Sunday, FTC Chair Lina Khan said allowing Big Tech to go through…
By Jody Godoy (Reuters) – Federal Trade Commission Chair Lina Khan’s initiative to use antitrust laws to protect workers is being tested at a trial that began on Monday, as the agency alleges that grocery chain Kroger (NYSE:)’s proposed merger with rival Albertsons (NYSE:) would crush the bargaining power of…
By Pranav Kashyap and Shashwat Chauhan (Reuters) -Europe’s ended near session-highs amidst broad-based gains on Friday, as global markets advanced after Federal Reserve Chair Jerome Powell stated that “the time has come” to reduce interest rates. The pan-European STOXX 600 index rose 0.5% to 518.13 at close, its highest level…
By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – Christy Goldsmith Romero will likely win enough votes to be confirmed as U.S. Federal Deposit Insurance Corporation chair but Republicans are likely to slow walk the process. President Joe Biden last week nominated Goldsmith Romero, a Democratic commissioner at the Commodity…
Tesla board chair Robyn Denholm continued to double down on her efforts to convince shareholders to vote for Elon Musk’s $55 billion pay package in the days leading up to the company’s annual meeting.In addition to laying out the potential consequences of rejecting the pay plan in a CNBC interview,…
The compensation plan, originally put into place in 2018, was struck down earlier this year by a Delaware judge who said the billionaire had undue influence over the board because of close ties to some of its members.Tesla is now putting Musk’s pay package to a shareholder vote on June…
Tesla board chair Robyn Denholm thinks so — at least for now.The board chair said in an interview on CNBC’s “Squawk Box” on Thursday that Tesla “can exist” without him, but “the right thing for Tesla at this time is for Elon to continue to be at the helm.”The company…
