The chair of the Federal Reserve made clear he would not resign, even under pressure. But pressure from the White House is likely, market watchers say.
Category: Appointments and Executive Changes
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What Trump’s Win Means for the Federal Reserve and Jerome Powell
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?
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How FTC Chair Lina Khan Became an Election Hot Topic
The Federal Trade Commission chair drew increasing political vitriol as the presidential vote neared. Her political future hangs in the balance.
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Kraken Lays Off 15 Percent of Workers and Names New Co-Chief Executive
The influential cryptocurrency exchange has undergone several reorganizations in recent years.
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Starbucks’s CEO Steps In to Tackle Long List of Issues
Customers are turning away from the coffee giant, and its new chief executive, Brian Niccol, has to figure out how to get them back.
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Southwest Strikes a Truce With the Activist Hedge Fund Elliott
The airline will appoint six new directors to its board, avoiding a proxy fight with the activist investor Elliott Investment Management, one of its largest shareholders.
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L.A. Times Editorial Chief Quits After Owner Blocks Harris Endorsement
Mariel Garza said the editorial board was prepared to endorse Kamala Harris, but the paper’s owner, Patrick Soon-Shiong, decided not to make an endorsement in the presidential race.
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FDA Names a New Chief of Medical Devices
Patient advocates hope Dr. Michelle Tarver will lead the agency to focus more on safety and less on rapid approvals.
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Disney Names James Gorman Chairman, Sets ‘Early 2026’ for C.E.O. Change
In a board shake-up, James Gorman, a director in charge of planning for a successor to the chief executive, Robert A. Iger, will become chairman on Jan. 2, 2025.
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CVS Ousts Karen Lynch as C.E.O. and Shares Fall
Shares of the health care conglomerate dropped after the sudden departure of Karen Lynch and a downbeat update on the state of the company’s finances.
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Clare Waight Keller Goes From Royal Gowns to Uniqlo
Clare Waight Keller, who designed Meghan Markle’s wedding dress, finds a different kind of luxury at a mass market brand.