DOJ’s antitrust chief says Trump tweets ‘don’t affect our decisions’ a day after Trump slams Comcast on Twitter

The chief of the Department of Justice’s antitrust division said Tuesday that political considerations do not impact the department’s work. The comments come a day after President Donald Trump suggested Comcast could face increased scrutiny for alleged anti-competitive behavior. “I think it’s great that we have such a debate about free markets and the antitrust…

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Elon Musk agrees that Trump ‘screwed’ him after he joined White House councils

Elon Musk again defended his choice to join President Donald Trump’s advisory councils, which he left last year, in an interview with Recode’s Kara Swisher for the “Recode Decode” podcast, published Friday. The Tesla CEO said he still thought “it was worth trying” to advocate policies addressing climate change, adding, “I did my absolute best.”…

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Trump and the Fed are creating ‘a totally destructive tug of war’ in the stock market, Jim Cramer warns

Two familiar culprits are behind the stock market’s “insanely emotional” swings, CNBC’s Jim Cramer said Wednesday after the Dow Jones Industrial Average erased its yearly gains, the S&P 500 turned negative and the Nasdaq saw its worst day since 2011. “The two men with the most influence over the stock market in the world, the…

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Trump Complains About Rising Interest Rates, Calling the Fed ‘My Biggest Threat’

President Trump reiterated his complaints that the Federal Reserve is raising short-term interest rates too fast, calling the U.S. central bank “my biggest threat.” “It’s independent so I don’t speak to him, but I’m not happy with what he’s doing, because it’s going too fast,” Mr. Trump said in an interview with the Fox Business…

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Trump target Pfizer picks new CEO

Ian Read, the CEO for pharmaceutical giant Pfizer, plans to step aside at the end of this year and hand his position to Albert Bourla, the company’s chief operating officer. The change in leadership is coming at a time when the pharmaceutical industry is under scrutiny by the White House and Congress for price hikes.…

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Trump metals tariffs will cost Ford $1 billion in profits, CEO says

(Reuters) – Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor Co (F.N) about $1 billion in profits, its chief executive officer said on Wednesday, while Honda Motor Co (7267.T) said higher steel prices have brought “hundreds of millions of dollars” in new costs. FILE PHOTO: Workers assemble vehicles at a…

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Can Trump Use the FEMA Wireless Emergency Alerts Like Twitter?

President Donald Trump loves to talk directly to the American people, usually via his Twitter account with early morning streams of consciousness that can create headaches for his own administration, not least his communications team. But will he be brazen enough to use a federal disaster warning system capable of texting every person in America…

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Under Trump, the jobs boom has finally reached blue-collar workers. Will it last?

A worker packages a safe at the Liberty Safe & Security Products Inc. manufacturing facility in Payson, Utah, on Aug. 29, 2018. (George Frey/Bloomberg) Blue-collar jobs are growing at their fastest rate in more than 30 years, helping fuel a hiring boom in many small towns and rural areas that are strong supporters of President…

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After Trump Rants, Top GOP Senator Asks FTC to Re-Open Google Antitrust Probe

Image: Google, Getty Just because President Trump’s baseless accusations of bias in Google search results are likely another sideshow doesn’t mean the search giant doesn’t have real political troubles. On Thursday, Senator Orin Hatch asked the Federal Trade Commission to take another look at whether Google is guilty of antitrust violations and unfair competitive practices.…

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