Fed Rejects Former Official Who Called for the Central Bank to Undermine President Trump

Fed Rejects Former Official Who Called for the Central Bank to Undermine President Trump

Tuesday, the Fed rejected a call from a former policymaker to counter President Trump’s trade agenda by refusing to “play along” and denying the President the interest rate cuts he demands. “The Federal Reserve’s policy decisions are guided solely by its congressional mandate to maintain price stability and maximum employment,” a Fed spokeswoman said. “Political […]

Real Estate: Ken Griffin Buys Most Expensive US Home for $238-M

Real Estate: Ken Griffin Buys Most Expensive US Home for $238-M

$VNO Citadel, LLC’s founder Ken Griffin closed on the $238-M penthouse at 220 Central Park South,a Citadel spokeswoman said. The purchase price makes it America’s most-expensive home ever. Earlier this month, he paid about $122-M for a 200-year-old home that overlooks London’s St. James’s Park, a short walk from Buckingham Palace. The luxury condo tower […]

Tesla. Inc.’s (NASDAQ:TSLA) Has Major Trouble Inside Its New York Solar Plant

Tesla. Inc.’s (NASDAQ:TSLA) Has Major Trouble Inside Its New York Solar Plant

Tesla. Inc.’s (NASDAQ:TSLA) Has Major Trouble Inside Its New York Solar Plant $TSLA Tesla Inc’s (NASDAQ:TSLA) production of solar roof tiles is being delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, 8 former and current employees of both companies […]

US Heat Wave Has Power Use at Very High Levels

US Heat Wave Has Power Use at Very High Levels

US Heat Wave Has Power Use at Very High Levels The heat wave roasting the US East Coast may have slow US stock trading and foiling July 4 road trips. But it’s the best friend of power market Bulls. Electricity demand across the eastern power market run by PJM Interconnection LLC reached 144,557 megawatts in […]

Sotheby’s Contemporary Art Evening Auction Totals $310.3-M

Sotheby’s Contemporary Art Evening Auction Totals $310.3-M

Sotheby’s Contemporary Art Evening Auction Totals $310.3-M $BID, $RACE Notably, the Y 2001 Ferrari F2001 sold for $7.5-M against a high estimate of $4-M, Michael Schumacher’s Monaco Grand Prix-Winning Ferrari F2001 broke the auction record for a modern era F1 car following a 6-min battle between 8 bidders represented by both Sotheby’s and Sotheby’s specialists. This is […]

Weinstein Now Embroiled in NY Civil Rights Investigation

Weinstein Now Embroiled in NY Civil Rights Investigation

Weinstein Now Embroiled in NY Civil Rights Investigation New York Attorney General has launched a civil rights investigation into The Weinstein Co. following sexual assault allegations against Hollywood producer Harvey Weinstein. Attorney General Eric Schneiderman announced the probe Monday. His office says it issued a subpoena seeking all company records The Democratic attorney general says […]