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☆ Trump's team wants to restructure the Fed and let him have a say on interest rate decisions: WSJ
▼ + stars: | 2024-04-26 | by ( Ayelet Sheffey | Madison Hall | ) www.businessinsider.com time to read: +5 min

Some members of Trump's team want to restructure the Federal Reserve, the WSJ reported. That could include allowing the president to have a direct say on interest rate decisions. Trump has previously been critical of Powell's handling of interest rates during the pandemic. To help the Fed achieve its 2% inflation target, the Federal Open Market Committee has hiked interest rates 11 consecutive times since March 2022. Advertisement"I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected."

Persons: Jerome Powell, —, Donald Trump, Trump, President Trump, Susie Wiles, Chris LaCivita, Powell, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Joe Biden, Robert F, Kennedy Jr, Biden Organizations: Federal Reserve, Service, Street, Trump, Management, Federal, Fed, Fox News, Republican, Florida Gov, South Carolina Gov, Biden, GOP Locations: New York

☆ Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
▼ + stars: | 2024-04-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, April 25, 2024. The plans, which the Journal report described as highly secretive, are part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions. Along with those proposals, the draft contends that Trump could remove current Fed Chair Jerome Powell from office and require that Fed policy be aligned with the administration's goals. While in office, Trump harshly criticized Powell and his fellow central bankers as they were raising interest rates and reportedly considered ousting him. Trump campaign officials told the Journal that the draft proposals shouldn't be considered "official."

Persons: Donald Trump, Donald Trump's, Trump, Jerome Powell, Powell Organizations: Federal, Wall, Treasury Department Locations: Manhattan, New York

☆ WSJ's Nick Timiraos on Trump allies' efforts to erode the Fed's independence
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Nick Timiraos on Trump allies' efforts to erode the Fed's independenceNick Timiraos, The Wall Street Journal chief economics correspondent, joins 'Squawk Box' to discuss reports of Trump allies drafting plans to erode the Fed's independence if the former president wins the 2024 election, how plausible the scenario would be, and more.

Persons: Nick Timiraos Organizations: Trump, Street Journal

☆ Tesla and Elon Musk fans have an optimistic outlook for company's future, says WSJ's Tim Higgins
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla and Elon Musk fans have an optimistic outlook for company's future, says WSJ's Tim HigginsTim Higgins, WSJ, joins 'Power Lunch' to discuss Tesla as the company's stock soars despite an earnings miss.

Persons: Elon, Tim Higgins Tim Higgins, Tesla Organizations: Tesla

☆ Tesla's Elon Musk problem: WSJ's Tim Higgins on the political divide over Tesla
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's Elon Musk problem: WSJ's Tim Higgins on the political divide over TeslaTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss the political divide over Tesla, the politicization of EVs, Tesla's planned robotaxi rollout, and more.

Persons: Elon, Tim Higgins, Tesla Tim Higgins, Tesla's Organizations: Wall Street Journal, Tesla

☆ Amazon is not only customer-obsessed, but also competitor-obsessed: WSJ's Dana Mattioli
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon is not only customer-obsessed, but also competitor-obsessed: WSJ's Dana MattioliDana Mattioli, Wall Street Journal reporter and ‘The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power’ author, joins 'Squawk Box' to discuss Amazon's goal of total business dominance, the company's tactics against competitors, FTC's antitrust lawsuit against Amazon, and more.

Persons: WSJ's Dana Mattioli Dana Mattioli Organizations: Wall Street Journal, Amazon

☆ Ferrari's CEO likes to run the luxury car company like a tech startup
▼ + stars: | 2024-04-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Benedetto Vigna has been Ferrari's CEO since 2021, overseeing the company's transition to EVs. His background is in tech, with previous experience as an executive at a semiconductor company. Vigna likes the nimbleness of tech startups and removed layers of bureaucracy at Ferrari, per WSJ. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: Benedetto Vigna, Vigna, — Organizations: Ferrari, Service, Street, Business

☆ Meghan Markle and Prince Harry's Huge Business Deals Keep Flopping
▼ + stars: | 2024-04-18 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Prince Harry and Meghan Markle seem like lovely people. Netflix dropped "Pearl," an animated children's series Meghan created through her and Harry's production company, Archewell Productions, before it even premiered. The audio-streaming company signed a deal with Harry and Meghan in 2020 reportedly worth $20 million. As Michael Pachter, a managing director at Wedbush Securities who's covered movies, entertainment, and tech for two decades, explained, it's because they've still got that $100 million deal. A public breakup with Meghan and Harry may also be a mess Netflix doesn't want to deal with.

Persons: Prince Harry, Meghan Markle, Duke, Duchess, Meghan, Harry, didn't, Michael Pachter, Wedbush Securities who's, they've, Michelle Obama, Ryan Murphy, Shonda, Pachter, there'll, Markle, Harry won't, They're, Jason Bateman, Will Arnett, Sean Hayes, Joe Rogan's, Magic Johnson, Chevy, Reese Witherspoon, LeBron James, Alicia Silverstone, Nicolas Cage, Demi Moore, Gayle King, Charles Barkley, She's, TIG, Emily Stewart Organizations: Netflix, Florida ., Archewell Productions, Street, Spotify, Wedbush Securities, Chevy Chase, Media, Hollywood, CNN, Archewell, Business Locations: Sussex, Florida, Plenty, British

☆ WSJ's Gunjan Banerji: This is really 'the first sign of fear' that we're seeing in the markets
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Gunjan Banerji: This is really 'the first sign of fear' that we're seeing in the marketsGunjan Banerji, Wall Street Journal live markets coverage lead writer, joins 'Squawk Box' to discuss the latest market trends, why she believes traders are positioning for a prolonged stretch of volatility, and more.

Organizations: Wall Street

☆ WSJ: Justice Department will sue Live Nation for antitrust violations
▼ + stars: | 2024-04-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The US Department of Justice is preparing to sue the country’s largest concert promoter and ticketing website Live Nation in the coming weeks for breaking America’s antitrust laws, the Wall Street Journal reported, citing anonymous sources familiar with the Justice Department’s plans. The lawsuit against Live Nation Entertainment, the parent company of Ticketmaster, will allege the ticketing company used its market-leading position to harm competition for live events, the Journal reported. Shares of Live Nation (LYV) dropped nearly 7% in premarket trading Tuesday. Live Nation and the Justice Department didn’t respond to CNN’s request for comment about the Journal’s report. Live Nation and Ticketmaster merged in 2010, now billing itself as the “largest live entertainment company in the world.”

Persons: Department’s, Justice Department didn’t, Taylor Swift’s, Swift, Joe Berchtold, ”, Jack Groetzinger, SeatGeek Organizations: New, New York CNN, US Department of Justice, Wall Street Journal, Live Nation Entertainment, Ticketmaster, Justice Department, Live, Republicans, Rivals Locations: New York, United States

☆ A former Facebook exec said he regrets not defending ousted Oculus cofounder Palmer Luckey from a 'witch hunt.' Drama ensued.
▼ + stars: | 2024-04-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

A key former Facebook exec has reignited discussion of Oculus founder Palmer Luckey's 2016 firing. Former Oculus CTO and ex-Meta VR exec John Carmack said on X that he regrets not defending Luckey. Carmack and Luckey joined Facebook after it acquired Oculus, the VR company founded by Luckey in 2012, for $2 billion in 2014. "The culture has changed a lot since you left (internal discussions have to be work focused)," Bosworth replied on X. Business Insider reached out to representatives of Bosworth, Carmack, and Luckey but didn't receive an immediate response.

Persons: Palmer, John Carmack, Andrew Bosworth, Luckey, —, Palmer Luckey —, Carmack, Hillary Clinton, @PalmerLuckey, OTXBBnkK0p — John Carmack, Donald Trump, Clinton, he's, Carmack —, Bosworth, Meta, Forbes, wasn't, I'm Organizations: Facebook, Meta, Service, VR, Wall Street, Business Locations: California

☆ Live Nation could be hit with antitrust suit as soon as next month: report
▼ + stars: | 2024-04-15 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Live Nation is expected to be hit with an antitrust lawsuit as soon as next month, The WSJ reported. Live Nation, which owns Ticketmaster, has long faced criticism over its ticket fees. The Justice Department could sue Live Nation, the concert giant that owns Ticketmaster, as soon as next month following a probe into its handling of venue and ticket negotiations, The Wall Street Journal reported Monday. Related storiesThe department is prepared to file the antitrust suit alleging Live Nation leveraged is dominance in the market to suppress competition, The Journal reported, citing people familiar with the matter. Swift released a statement shortly after the incident saying she was "pissed off" and described the outage as "excruciating," The New York Times reported at the time.

Persons: —, Taylor, Swift, I'm, Swifties Organizations: WSJ, Ticketmaster, Service, The, Street, Legal, Institute of Cornell Law School, LiveNation, Justice Department, Business, New York Times, Times, Billboard

☆ Amazon hired an ex-Trader Joe's employee to access company secrets and replicate products from the grocer: WSJ
▼ + stars: | 2024-04-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

According to the Journal, Amazon appeared to have a model it wanted to replicate for Wickedly Prime: Trader Joe's. AdvertisementAccording to the report, Amazon wanted to replicate the top 200 items sold at Trader Joe's. The Amazon manager also pressed the ex-Trader Joe's employee for data on the margins for each product. The former Trader Joe's employee's experience gives an inside look at Amazon's broader, aggressive efforts to compete with other grocers. Trader Joe's established a cult following with its customers partly by developing snacks and foods through its private label.

Persons: —, Joe's, Nakia Rohde Organizations: Service, Street Journal, Amazon, Business, Wickedly Prime, The, Foods

☆ Regulators want to know more about how Morgan Stanley vets wealthy clients, like a sanctioned billionaire: WSJ
▼ + stars: | 2024-04-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

More federal regulators are probing Morgan Stanley to find out how it vets wealthy clients, per The Wall Street Journal. One client includes a Russian-linked billionaire who was sanctioned by the UK, the Journal reported. AdvertisementMore federal regulators, including the Securities and Exchange Commission, are looking into how Morgan Stanley vets its wealthy clients and their sources of money, The Wall Street Journal reported on Thursday. One such client includes a Russian-linked billionaire who has been sanctioned by the UK, the Journal reported. A spokesperson for Morgan Stanley did not immediately respond to a request for comment.

Persons: Morgan Stanley, —, James Gorman, Morgan, Morgan Stanley's Organizations: Street, SEC, Service, Securities and Exchange Commission, Caribbean ., Treasury Department, Federal Reserve, Bloomberg, Regulators, Foreign, Journal, Deutsche Bank, Reuters Locations: Caribbean

☆ Morgan Stanley shares drop on WSJ probe report
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley shares drop on WSJ probe reportGerard Cassidy, RBC Capital Markets managing director, joins 'Fast Money' to weigh in on the WSJ report that Morgan Stanley is facing a probe by federal regulators.

Persons: Morgan Stanley, Gerard Cassidy Organizations: RBC Capital Markets

☆ American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones
▼ + stars: | 2024-04-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

American drones aren't performing as well as those from other countries, like China's, in Ukraine. AdvertisementThe drone war in Ukraine is constantly evolving and forcing both sides to innovate quickly. American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Many said that details on the program were unclear, especially with Chinese dominance in the small drone industry.

Persons: —, haven't, Adam Bry, that's, Replicator Organizations: Wall Street Journal, Service, Wall Street, Getty, Pentagon, Defense Locations: Ukraine, American, Russia, Ukrainian, Zaporizhzhia, Russian

☆ WSJ's Tim Higgins: The hybrid vision for the future of the car is just easier for a lot of customers
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Tim Higgins: The hybrid vision for the future of the car is just easier for a lot of customersTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss the EV landscape, whether the EV market is losing stream, the competition posed by hybrid vehicles, and more.

Persons: Tim Higgins Organizations: Wall Street Journal, EV

☆ Biden is struggling with the young and minority voters in swing states that he'll need to win reelection
▼ + stars: | 2024-04-03 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

President Biden's 2020 victory was powered by strong support from young and minority voters. But he continues to lag with these groups ahead of November, per a new WSJ poll of the swing states. AdvertisementIn 2020, President Joe Biden's victory was buoyed by strong support among Black and Latino voters, as well as young voters. It was this concentration of support in key swing states including Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin that gave Biden the edge that year. But in a new Wall Street Journal survey of the seven swing states, Biden continues to struggle to recreate the 2020 electoral coalition that paved his way to the White House.

Persons: Biden's, —, Joe Biden's, Biden Organizations: Service, Biden Locations: Arizona , Georgia, Michigan, Nevada , Pennsylvania, Wisconsin

☆ Trump Media gains have 'all the ingredients' of a meme stock rally: WSJ's Banerji
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump Media gains have 'all the ingredients' of a meme stock rally: WSJ's BanerjiHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: Email Trump Media, CNBC

☆ WSJ's Greg Ip: Companies increasingly have to evaluate the political environment in anything they do
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Greg Ip: Companies increasingly have to evaluate the political environment in anything they doGreg Ip, Wall Street Journal’s chief economics commentator and deputy economics editor, joins 'Squawk Box' to discuss the comparison between current U.S. business climate to that of China's, whether U.S. is tilting toward state capitalism, and more.

Persons: Greg Ip Organizations: Street

☆ X is fishing for more creators. Some won't bite.
▼ + stars: | 2024-03-25 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

X has been trying to lure more creators to host on the platform through its ad-revenue program. But one survey showed that only 5% of creators want to use X as their main platform, per WSJ. AdvertisementMany large advertisers have pulled out of the X platform since Musk's takeover due to concerns about brand safety, lax content moderation, and even Musk's own posts. But as Musk acknowledged last year, the exodus could be an issue for content creators hoping to see a substantial payout from their posts. An official account for X's creator program also touted some of the platform's achievements since Musk's takeover.

Persons: —, Elon, Musk, X, Jasmine Enberg, Chris Reilly, Joe Benarroch, Benarroch, Samir Chaudry Organizations: Service, Street Journal, Intelligence, The

☆ U.S. investigating Meta for role in illicit drug sales, WSJ reports
▼ + stars: | 2024-03-16 | by ( ) www.cnbc.com time to read: +1 min

A smart phone is displaying Facebook with the Meta icon visible in the background in this photo illustration. The paper quoted a spokesman for Meta as saying in a statement: "The sale of illicit drugs is against our policies and we work to find and remove this content from our services". "Meta proactively cooperates with law enforcement authorities to help combat the sale and distribution of illicit drugs," he added. The prosecutors' office and a spokeswoman for the FDA declined to comment to WSJ. Meta, the FDA and the Virginia Attorney General's office did not immediately respond to a Reuters' request for comment.

Persons: Nick Clegg, Meta Organizations: U.S, Wall Street, Drug Administration, Meta, FDA, Virginia Attorney, U.S . State Department, United Nations Office, Drugs Locations: Brussels, Belgium, Virginia

☆ We're seeing levels of speculative options trading like never before: WSJ's Gunjan Banerji
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing levels of speculative options trading like never before: WSJ's Gunjan BanerjiGunjan Banerji, Wall Street Journal live markets coverage lead writer, joins 'Squawk Box' to discuss the options market around semiconductor and tech stocks, the impact of AI mania on the options market, the impact of Fed rate cuts, and more.

Organizations: Wall Street

☆ The sudden drop of a Boeing 787 that injured 50 people may have been caused by a flight attendant accidentally hitting a switch in the cockpit, report says
▼ + stars: | 2024-03-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

50 people were injured when a Boeing 787 suddenly dropped in midair on Monday. The WSJ reports the pilot's seat was moved into the controls when a flight attendant hit a switch. AdvertisementMonday's Latam Airlines incident might have been caused by a flight attendant accidentally hitting a switch in the cockpit, The Wall Street Journal reported. The Boeing 787 Dreamliner was flying from Sydney to Auckland when it suddenly dropped. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Boeing, Latam Airlines, Service, Street Journal, New Zealand Herald, Business Locations: Sydney, Auckland

☆ TikTok execs believed Biden joining the app meant a ban was no longer an imminent threat: WSJ
▼ + stars: | 2024-03-13 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

TikTok execs thought the US was mostly over banning the app after Biden joined, per WSJ. Then, the House introduced a bill that could result in a US ban on the social media app. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBefore the House introduced its bill to ban TikTok, executives at the social media company were convinced that calls for a ban on the app had quieted — partially because of President Joe Biden.

Persons: Biden, —, Joe Biden, Per, execs, Washington didn't Organizations: Service, Wall Street Journal, Biden, Business Locations: TikTok's Singapore, Washington

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