Jerome Powell, the head of the Federal Reserve, recently shared some advice for his successor. He didn't mention politics directly, but his words hinted at the struggles he's faced. Powell has been in charge for nine years, and he's made it clear that he believes the Fed should stay independent from
Jerome Powell, the head of the Federal Reserve, has some advice for whoever takes his place when his term ends in May. He says, "Stay out of politics. " This is important because the Fed needs to make decisions based on what's best for everyone, not just a few people. Powell believes that if the Fed
Jerome Powell, the Federal Reserve's leader, faces a tricky situation. He's considering attending a Supreme Court hearing about whether President Trump can dismiss Lisa Cook, a Fed governor. However, not everyone agrees that this is a wise move. Scott Bessent, a prominent figure in finance, advises
Jerome Powell, the head of the Federal Reserve, is making a bold move. He plans to attend a Supreme Court hearing about Lisa Cook, a Fed governor. This is unusual because Powell usually stays out of such matters. Cook is in trouble. The Trump administration wants to fire her. They say she did someth
General Motors is facing a huge financial setback. They just announced a $6 billion loss. This is because they are slowing down their electric vehicle (EV) plans. It's not the first time they've taken a hit. Back in October, they already reported a $1. 6 billion loss for the same reason. This chang
General Kyrylo Budanov, a prominent figure in Ukraine's military intelligence, has been appointed as the new chief of staff by President Volodymyr Zelenskyy. This change comes at a crucial time, as Russia's invasion of Ukraine approaches its fourth year. Budanov takes over from Andrii Yermak, who re
General Motors (GM) is having a stellar year in the stock market. As of the last trading day, its shares have climbed over 55%, reaching an all-time high of more than $80 per share. This is the best performance since the company's comeback after bankruptcy in 2009. Several things are fueling this g
General Motors (GM) is feeling the heat in the electric vehicle (EV) market. After a brief surge in sales due to a soon-to-expire federal tax credit, the company is now facing some tough realities. The Trump administration's policies have made things even harder, with changes in regulations, cancele
General Motors is making big changes to its electric vehicle (EV) plans. The company is cutting about 5, 500 jobs, with 1, 750 people being laid off indefinitely. This is part of a larger strategy to adjust to slower EV sales and new rules. One of the main changes is at the Factory Zero plant in De
General Motors (GM) recently let go of over 200 salaried employees, mainly from its Technical Center in Warren. This move came just days after the company raised its profit expectations for the year, which led to a significant boost in its stock prices. The company stated that these job cuts were du
