Senator Tim Scott criticized Federal Reserve Chair Jerome Powell for deciding to remain on the Fed's Board of Governors after his term as chair ends, breaking a 75-year precedent where former chairs leave the board. Powell's continued presence blocks President Trump from gaining a majority on the board, as Powell's term as chair ends May 15 but he could serve on the board until 2028. This decision comes amid tensions between Powell and Trump, including an investigation into Fed cost overruns and Powell's congressional testimony. The Senate is expected to vote soon on Powell's successor, Kevin Warsh, after the investigation was dropped by federal prosecutors, clearing a political hurdle for Warsh's nomination.
After the US and Iran reached a deal expected to reopen the Strait of Hormuz, the world's largest tanker owner, Mitsui OSK Lines, cautions that shipping companies will wait for proof the agreement works before resuming normal traffic. The strait is c...
YieldMax ETFs have announced their weekly distributions for Group 1 ETFs, with distribution rates ranging from about 25% to over 65%. These ETFs focus on option income strategies across sectors like semiconductors, AI, crypto, and metals. Investors s...
QTREX Quantum Ltd announced that its Additively Manufactured Electronics (AME) technology achieved a 97% yield validation at a major U.S. interconnect manufacturer. This milestone confirms the technology's readiness for high-demand production environ...
Clean Energy Fuels Corp. secured contracts to design and install liquefied natural gas (LNG) fueling systems in Puerto Rico, supporting a pharmaceutical manufacturer and P.R. Energy Partners' luxury residential and hotel operations. These projects wi...
Epson introduced the WorkForce Enterprise AM-C10000, a high-speed color multifunction printer capable of printing 100 ISO pages per minute, designed for busy offices and print services requiring precise color control. It supports heavy workloads with...
