WASHINGTON (AP) — President Donald Trump is asking the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve’s board of governors. The Republican turned to the high court Thursday after an appeals court refused to go along with his effort to oust Cook, who participated in Wednesday’s Fed vote cutting…… MORE
Nvidia to Invest $5 Billion in Struggling Rival Intel
Nvidia announces a new partnership with Intel to work on custom data centers and personal computer products. Nvidia is also investing $5 billion in Intel’s common stock. The deal is subject to regulatory approvals. The deal comes a month after the U.S. government took a 10% stake in Intel. This agreement provides a lifeline for…… MORE
Hyundai Says It Will Spend $2.7 Billion Expanding Part of the Georgia Complex Raided By ICE
ATLANTA (AP) — Hyundai Motor Group confirms it’s moving forward with expanding its Georgia plant. The move comes after an immigration raid delayed startup of an electric vehicle battery plant at the site. The company plans to invest $2.7 billion to boost capacity by 200,000 vehicles over the next three years. The company aims to…… MORE
Harvard Business School Graduate Arrested on Charges He Cheated Fellow Alums Out of Over $4 Million
NEW YORK (AP) — Federal authorities have arrested a Harvard Business School graduate on charges that he swindled fellow alumni of the prestigious school out of more than $4 million. U.S. Attorney Jay Clayton in Manhattan announced fraud charges Thursday against Vladimir Artamonov after he was arrested in Elkridge, Maryland. He said Artamonov promised low-risk…… MORE
Federal Reserve Lowers Key Interest Rate One Quarter Percent
The Federal Reserve lowers it’s key interest rate by one quarter percent, the first rate lowering in 9 months time. Central bank officials have failed to lower the key prime lending interest rate since December, reviewing the economic health as President Donald Trump’s aggressive policies, including tariffs on most of the world’s nations…were rolled out,…… MORE