Donald Trump’s pick for Treasury secretary, Steven Mnuchin, brushed aside criticism from Democrats over his qualifications and investment holdings and sought to reassure lawmakers on a range of issues.
Federal Reserve Chairwoman Janet Yellen said she doesn’t see the U.S. economy at risk of overheating and doesn’t expect growth to pick up much soon, comments suggesting the central bank is sticking to its plan of raising interest rates cautiously in the months ahead.
Netflix’s global expansion and ramp up of its streaming-operations has resulted in its share price hitting an all-time high on Thursday. Shares closed at $138.41 after the company posted strong fourth-quarter results Wednesday.
The prospects for accommodation between Donald Trump and China might seem bleak. But there is one reason for optimism: despite all the bluster, both sides have far more to lose than they are letting on.
Hunter Harrison has spent several years trying to assemble a transcontinental railroad empire. This week the 72-year-old maverick set aside that pursuit but not his desire to run one of America’s biggest railroads.