Author: Press Room

WASHINGTON — President Biden on Friday said he would nominate Adriana Kugler for a seat on the Federal Reserve Board and would elevate Philip Jefferson, a current governor, as vice chair of the central bank.If they are confirmed by the Senate, the Fed would get its first Latina board member and its second Black vice chair, a move that could both make the Fed more diverse and build out its leadership team at a challenging economic moment.Mr. Biden chose Ms. Kugler, an economist with a background in labor economics who has Colombian heritage and is the U.S. executive director of…

Shares of Apple Inc (NASDAQ: AAPL) are already up nearly 40% for the year but Jim Cramer continues to be bullish on the multinational tech giant. Why is Cramer bullish on Apple stock? Earlier this month, the Nasdaq-listed firm reported market-beating results for its second financial quarter (find out more). According to the Mad Money host: If it’s a consumer-packaged goods company, then the stock can easily blow to $200 … It’s the greatest tech company that’s also loved by the consumer. It’s got 99% customer satisfaction. Cramer’s view is in contrast with Toni Sacconaghi. The Bernstein analyst in a…

When Robyn Grew was working for Lehman Brothers in London in 1999, Japanese regulators raided the bank as part of an investigation into accusations that it and others had helped financial institutions conceal losses.Grew was quickly dispatched to Tokyo by Lehman’s top brass to help deal with the bank’s response. She spent the next year flying back and forth between the two capital cities, eventually moving there with her wife for a stint.The episode reflects several traits that close associates say define Grew: a quick thinker and a natural problem solver whose curiosity drives an eagerness to learn on her…

PwC’s UK business has successfully defended a £63mn High Court claim that it leaked confidential information that put its client Quindell at a disadvantage in deal negotiations. In a judgment published on Friday, the High Court found that software and insurance group Quindell — now known as Watchstone — had failed to prove that a former PwC partner divulged confidential information to an investment banker at a meeting in 2015. Watchstone had claimed that the information allegedly provided to the corporate finance adviser from Greenhill & Co had then been shared with the bank’s client Slater & Gordon, giving it…

Kaylee Goncalves’ family is mentally preparing for Bryan Kohberger’s quadruple murder trial.Kohberger — who is accused of fatally stabbing Kaylee and her three friends, Madison Mogen, Ethan Chapin and Xana Kernodle, in their Moscow, Idaho, home on Nov. 13, 2022 — is expected to appear in court for a preliminary hearing next month.”I think a big thing is for us to go in strong, united as a family,” Kristi Goncalves, Kaylee’s mother, told “Good Morning America” in an interview that aired Friday. “I’ve never been to a preliminary trial before. … I have no idea what to expect, I have…

Descrease article font size Increase article font size A dozen Manitobans will be rewarded for their accomplishments this summer with the province’s highest honour, the Order of Manitoba. The province announced Friday that the latest class of appointments to the order will be recognized at a formal investiture ceremony with Lt.-Gov Anita Neville on July 20 at the Manitoba legislature.The order, first established more than two decades ago in 1999, recognizes the efforts of those who have enriched the social, cultural or economic well-being of the province and its residents.Manitobans appointed to the order can use the “O.M.” initials after…

Tehran says the release of Bernard Phelan and Benjamin Briere, jailed for alleged spying, is a ‘humanitarian action’.Iran has released two French citizens, Bernard Phelan and Benjamin Briere, from a prison in the northeastern city of Mashhad, according to French President Emmanuel Macron. “We will continue to work towards the return of those of our fellow nationals who are still detained in Iran,” Macron said on Friday on Twitter. Ties between France and Iran have deteriorated in recent months with Tehran’s detentions of six French nationals in what Paris has described as arbitrary arrests equivalent to state hostage-taking. Catherine Colonna,…