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Trump temporarily blocked from firing Fed governor Lisa Cook
A federal judge has temporarily blocked President Donald Trump from sacking Federal Reserve governor Lisa Cook, who is part of the board responsible for setting US interest rates. The ruling is a win for the central bank in an unprecedented legal battle with the White House over the independence of the Fed. Last month, Trump…
Car finance payouts limited, but lenders aren’t off the hook
There may well be a few sighs of relief from senior finance company and banking executives following the Supreme Court’s ruling, but it is unlikely you will hear the champagne corks popping. The verdict does almost certainly reduce the potential compensation bill significantly. Lenders no longer face the prospect of having to pay £30bn to…
Trump renews threat to impose 100% tariffs on non-US made movies
Donald Trump has repeated his threat to impose a 100% tariff on all films not made in the US, claiming the American industry had been “stolen” by other countries. He said on Monday that California had been heavily affected and the levy would “solve this long time, never ending problem”. In May, the US president…
