Trump Announces Jerome Powell as New Fed Chairman – New York Times

Mr. Trump said that he respected Ms. Yellen and on Wednesday called her “excellent.” The Fed under her leadership has sharply reduced unemployment while maintaining control of inflation, coming as close to achieving its congressional mandate as at any time in its history. But Mr. Trump and his advisers wanted to pick their own Fed […]

Strangers caught in a sex act on Delta flight could face felony charges, authorities say – Washington Post

Two strangers were caught engaged in a sexual act on a Delta Air Lines flight from Los Angeles to Detroit Sunday night, airline officials said. The 48-year-old woman and 28-year-old man, who have not been publicly named, reportedly had not met before the flight, during which the woman allegedly performed oral sex on the man while they were both […]

Fed Signals December Hike On Track a Day Before Trump Announces Next Chair – Bloomberg

Fed Signals December Hike On Track a Day Before Trump Announces Next Chair – Bloomberg

Federal Reserve officials reinforced expectations for a December interest-rate increase by subtly upgrading their assessment of the U.S. economy, a day before President Donald Trump plans to unveil his choice to lead the U.S. central bank. “Economic activity has been rising at a solid rate despite hurricane-related disruptions,” the Federal Open Market Committee said in a […]

Under Armour’s terrible year just got worse – Washington Post

A woman runs past an Under Armour store in downtown Chicago on Oct. 16. (Christopher Dilts/Bloomberg) Americans, it seems, are over Under Armour. The onetime darling of the athletic wear industry on Tuesday announced that sales are down for the first time since 2005, even as it makes an aggressive push to expand into mainstream chains like DSW, […]

Facebook also showed Russia-linked ads on other websites – Business Insider

Facebook also showed Russia-linked ads on other websites – Business Insider

Facebook CEO Mark Zuckerberg. Getty Less than 9,000 people saw Russian-linked ads through Facebook’s Audience Network, which lets marketers deliver ads to other websites and apps outside of Facebook. 90 online publishers saw revenue from the Russia-affiliated ads that Facebook delivered. The revelation highlights how Russian actors used every part of Facebook’s ad business to influence public opinion. […]

Japan’s SoftBank doubts merger of Sprint with T-Mobile: source – Reuters

(Reuters) – SoftBank Group Corp’s (9984.T) board of directors is having doubts about the merger it has been negotiating between its U.S. wireless subsidiary Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O), due to fears of losing control of a combined entity, a source familiar with the matter told Reuters on Monday. The doubts could […]

Corona owner, medical marijuana company will introduce cannabis-infused beverage – Chicago Tribune

Alcohol giant Constellation Brands is making a foray into marijuana, a precedent-setting move for an industry that has mostly stayed on the sidelines during the cannabis boom. Constellation will pay about $191 million (C$245 million) for a 9.9 percent stake in Canopy Growth Corp., a Canadian seller of medicinal-marijuana products. The deal kicked off the […]

CVS And Aetna: A Marriage Made In Money Hell – Seeking Alpha

CVS And Aetna: A Marriage Made In Money Hell – Seeking Alpha

It’s no secret that fears over Amazon (NASDAQ:AMZN) breaking into the mail order drug delivery business, and also potentially launching its own pharmacy benefits manager or PBM, has wreaked havoc on pharmacy chains such as CVS Health (CVS) and Walgreens Boots Alliance (WBA). CVS data by YCharts Recently, I explained why I believe these concerns […]

GE’s board was kept in the dark about Immelt’s use of a shadow jet, which he says he didn’t know about: WSJ – CNBC

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