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Wells Fargo’s CEO Search: Here Are Likely Outside Candidates

For more than two years, Wells Fargo & Co.’s board maintained an insider could reform the bank. Now that Tim Sloan has stepped down, directors are changing their tune -- and must find an outsider who wants the job. Between a pair of visits to Capitol Hill and facing public criticism from the Federal Reserve […]

Trump Wants European Autos BMW, Mercedes to Be Made in America

President Trump has given European auto manufacturers a way to avoid an escalation of the trade war, saying they can avoid tariffs on cars if they build more plants in the U.S. “They have BMW, they have Mercedes, they have a lot of very good cars that come in,” he said in an interview with […]

Powell Signals Prolonged Fed Pause as Inflation Lags, Risks Loom

Federal Reserve Chairman Jerome Powell said interest rates could be on hold for “some time” as global risks weigh on the economic outlook and inflation remains muted. “We don’t see data coming in that suggest that we should move in either direction. They suggest that we should remain patient and let the situation clarify itself […]

What Uber Really Gets From Selling a $1 Billion Stake

There’s more going on under the hood of a consortium’s planned $1 billion investment in Uber Technologies Inc.’s self-driving car unit than immediately meets the eye. Softbank Group Corp.’s Vision Fund and other investors are set to pump that amount into the division at a valuation of between $5 billion and $10 billion. It’s almost […]

Trump Car Tariffs Would Hurt Global Growth, EU’s Malmstrom Warns

U.S. tariffs on car imports would deal a blow to the global economy and Europe will retaliate if they’re imposed, European Trade Commissioner Cecilia Malmstrom said. “It would be very harmful for our economy, it would be harmful for the global economy, and it would be harmful for the U.S. economy, because many cars are […]
  • Bloomberg News
  • March 8, 2019
  • Risk
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