By Chris Prentice and Saeed Azhar NEW YORK (Reuters) -U.S. banking regulators said on Friday they approved Capital One’s $35.3 billion purchase of Discover Financial Services , paving the way for the combined firms to become the nation’s eighth-largest bank. The deal has been closely watched by financial executives, who see it as a litmus…
WASHINGTON (Reuters) – The acting commissioner of the U.S. Internal Revenue Service is being replaced after Treasury Secretary Scott Bessent complained to President Donald Trump that the latest leader of the agency had been installed without his knowledge and at the behest of billionaire Elon Musk, the New York Times reported on Friday. The report…
(Reuters) -San Francisco Federal Reserve President Mary Daly said on Friday that while she is still comfortable with a couple of interest rate cuts this year, rising risks of inflation mean the central bank may need to do less, especially given that uncertainty over President Donald Trump’s trade policy has so far done little to…
By Chris Prentice NEW YORK (Reuters) – Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump’s tariffs, a spokesperson said on Friday. Volvo Group North America said in a statement…
