By Daniel Wiessner (Reuters) – A U.S. labor board whose enforcement powers are being challenged in a series of lawsuits is set to defend itself from attacks by Elon Musk’s SpaceX and Amazon.com in a conservative U.S. appeals court, as the agency also braces for a potential overhaul under President-elect Donald Trump. Amazon, SpaceX, and…
(Reuters) – Federal Reserve Bank of Chicago President Austan Goolsbee on Friday signaled he feels the U.S. central bank will likely end up cutting the policy rate by another quarter of a percentage point this year and a full percentage point further next year, as Fed policymakers projected in September . “I think we are…
WASHINGTON (Reuters) – Elon Musk’s government efficiency panel wants “high IQ” employees and plans weekly livestreams, according to X posts about President-elect Donald Trump’s initiative to streamline the U.S. bureaucracy. Trump named Musk, the billionaire CEO of Tesla, and former Republican presidential candidate Vivek Ramaswamy to lead the panel on Tuesday. Their mission is to…
By Lewis Krauskopf NEW YORK (Reuters) – Nvidia Corp’s results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled. A nearly 800% run in shares of Nvidia over the past two years,…
