Trump Is Expected to Name Jerome Powell as Next Fed Chairman – New York Times

In looking past Ms. Yellen, Mr. Trump would be breaking with longstanding precedent. Every Fed chairman in modern history who completed a first four-year term was nominated for a second. The last three Fed chairmen were nominated for new terms by a president of the opposite party. And Mr. Trump has praised Ms. Yellen’s performance: […]

SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: sources – Reuters

(Reuters) – SoftBank Group Corp and Deutsche Telekom AG have reached an impasse in their talks to merge Sprint Corp and T-Mobile US Inc over how many shares each would hold in the combined company, people familiar with the matter told Reuters on Monday. In a board meeting at Japan’s SoftBank on Friday, several directors […]

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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Tesla is immune to bad news — here’s why – Business Insider

Elon Musk at SpaceX Hyperloop Pod II competition in Hawthorne, CaliforniaReuters/Mike Blake Tesla has reliably produced an endless stream of bad news during the last year. Investors haven’t cared, or haven’t cared for long. That pattern will probably continue, short of Tesla threatening bankruptcy. Tesla isn’t like other companies, and that’s both a good thing […]

Hearing Amazon’s Footsteps, the Health Care Industry Shudders – New York Times

Hearing Amazon’s Footsteps, the Health Care Industry Shudders – New York Times

An Amazon spokeswoman, Lori Torgerson, refused to comment on “rumors or speculation” about Amazon entering the pharmacy business, but she shared a statement that suggested other motivations for the paperwork. “Wholesale licenses are required for Amazon Business to sell professional-use only medical devices in certain states,” she said. There is little doubt, though, that Amazon […]