Year: 2025
Bessent says Powell doesn’t need to resign but should conduct internal review
Key Points Treasury Secretary Scott Bessent on Tuesday asserted that Fed Chair Jerome Powell does not need to resign though also he also repeated his desire for a review of the central bank’s operations. “There’s nothing that tells me that he should step down right now. He’s been a good public servant,” Bessent said. Source
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Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence
President of Queens’ College of Cambridge University Mohamed El-Erian speaks during a panel discussion at the headquarters of the International Monetary Fund during the Annual Meetings of the IMF and World Bank in Washington, D.C., on Oct. 13, 2022. James Lawler Duggan | Reuters Mohamed El-Erian on Tuesday called for Federal Reserve Chair Jerome Powell […]
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Warren Buffett knocks down reports that Berkshire’s BNSF taps Goldman for a railroad takeover
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett and the media by the BNSF Railway display at the Annual Berkshire Hathaway Shareholder’s Meeting in Omaha, NE on May 6, 2017. Lacy O’Toole | CNBC Warren Buffett on Tuesday knocked down reports that Berkshire Hathaway-owned railroad BNSF was working with Goldman Sachs […]
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Tesla Diner: Photos show opening of Musk’s futuristic California drive-in
People dine inside during the opening of the Tesla Diner and Drive-In restaurant and Supercharger on Santa Monica Blvd in the Hollywood neighborhood Los Angeles, California on July 21, 2025. Patrick T. Fallon | Afp | Getty Images Elon Musk’s flagship Tesla Diner opened Monday in Hollywood, California, and the CEO is already eyeing expansion […]
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Coca-Cola will roll out cane sugar version of namesake soda in the U.S. this fall
A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019. Temilade Adelaja | Reuters Coca-Cola plans to introduce a version of its namesake cola made with cane sugar in the U.S. this fall, the company announced on Tuesday. Coke has used high-fructose corn syrup to […]
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Bessent says Aug. 12 China tariff deadline likely to be extended, talks planned in Stockholm
US Secretary of the Treasury Scott Bessent, left, speaks with Chinese Vice Premier He Lifeng, right, during a bilateral meeting between the United States and China, in Geneva, Switzerland, on Saturday, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters Treasury Secretary Scott Bessent on Tuesday said that he is likely to hash out an extension […]
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Kim Kardashian’s Skims deepens women’s sports ties with volleyball league deal
Skims is teaming up with League One Volleyball. Skims Skims is deepening its ties in women’s sports with a new partnership in League One Volleyball. The popular undergarments brand started by star Kim Kardashian and Swedish entrepreneur Jens Grede will become the official loungewear, intimates and sleepwear partner of the emerging volleyball league. They did […]
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Epstein files: Top DOJ official expects to meet with Ghislaine Maxwell soon
Ghislaine Maxwell on September 20, 2013 in New York City. Laura Cavanaugh | Getty Images A top Department of Justice official said Tuesday that he intends to meet soon with Ghislaine Maxwell, the British socialite serving a 20-year prison term for her role in Jeffrey Epstein’s sex trafficking enterprise, to ask her “what do you […]
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Businesses are cautiously spending on corporate travel as trade uncertainty looms
istocksdaily | iStock | Getty Images Corporations are continuing to spend on business travel, but are being strategic about how they allocate those dollars amid ongoing trade uncertainties, according to new reports from the Global Business Travel Association and travel and expense platform Navan. Corporate travel spending activity increased 15% year over year in the […]
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Telegram’s crypto wallet goes live to its 87 million U.S. users
Telegram users in the U.S. can now send, receive, and manage cryptocurrency directly inside the app — no downloads, extensions, or separate logins required. TON Wallet is built into Telegram’s interface and is beginning its U.S. rollout this week. It is a self-custodial crypto wallet in which a user controls their own private keys. The […]
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