WASHINGTON (AP) — President Donald Trump’s appointee to the Federal Reserve’s Board of Governors said Monday that the central bank’s key interest rate should be much lower than its current 4.1% level, staking out a position far different than his colleagues. Miran’s comments underscore the different perspective he brings to the Fed’s deliberations over interest…… MORE
WASHINGTON (AP) — Tech giant Oracle will spearhead a new joint venture being cobbled together to take over the U.S. oversight of the algorithm and security underlying TikTok’s taste-making video platform under the terms of a deal laid out Monday by President Donald Trump’s administration. All the final details still need to be nailed down…… MORE
Two of the nation’s biggest real estate services companies are combining in a deal that will bring Century 21, Compass and several other major brokerage brands under the same umbrella. Compass said Monday that it has agreed to acquire rival Anywhere Real Estate in an all-stock transaction. The merger will create a combined company valued…… MORE
SEATTLE (AP) — A federal trial beginning in Amazon’s hometown this week is set to examine whether the online retailing giant tricked customers into signing up for its Prime service and made it difficult to cancel after they did so. The Federal Trade Commission sued Amazon in U.S. District Court in Seattle two years ago…… MORE
OMAHA, Neb. (AP) — The nation’s largest railroad union endorsed Union Pacific’s proposed $85 billion acquisition of Norfolk Southern Monday after securing promises to protect jobs. Other unions and chemical makers that rely on the railroads are still expressing concerns about the deal. The SMART-TD union that represents conductors and other rail workers said Union…… MORE