Fed nominees move a step closer to confirmation this week

(Reuters) -President Joe Biden's nominees to the Federal Reserve moved a step closer to their expected Senate confirmation this week after Lael Brainard, Biden's pick to be the U.S. central bank's vice chair, cleared a procedural hurdle Monday evening with some support from Republicans.

newspaper

25-04-2022

Fed nominees move a step closer to confirmation

President Joe Biden's nominees to the Federal Reserve moved a step closer to confirmation after Lael Brainard, Biden's pick to be the U.S. central bank's vice chair, won enough votes to clear a procedural hurdle in the U.S. Senate Monday evening.

newspaper

25-04-2022

Trump held in contempt, fined $10K a day until he complies with probe

(Reuters) -A New York judge on Monday held former President Donald Trump in contempt of court for not producing documents subpoenaed in the state attorney general's civil probe of his business practices, and ordered Trump to be fined $10,000 per day until he complies.

newspaper

25-04-2022

U.S. dollar rises to two-year high; yuan tumbles

The U.S. dollar scaled two-year peaks, as a wave of risk aversion hit global markets, while the Chinese yuan posted its largest three-day losing streak in nearly four years on growing worries of an economic slowdown in the world's second-largest economy.

newspaper

25-04-2022

Twitter CEO set to receive $42 million if terminated after Musk deal

Twitter Inc CEO Parag Agrawal would get an estimated $42 million if he were terminated within 12 months of a change in control at the social media company, according to research firm Equilar.

newspaper

25-04-2022

Oil slumps 4% as Shanghai lockdowns stoke demand fears

NEW YORK (Reuters) -Oil slumped about 4% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates.

newspaper

25-04-2022

Trump held in contempt for not complying with subpoena in business probe

(Reuters) -A New York judge on Monday held former President Donald Trump in contempt of court for not producing documents subpoenaed in the state attorney general's civil probe of his business practices, and ordered Trump to be fined $10,000 per day until he complies.

newspaper

25-04-2022