Federal Reserve Chairman Jerome Powell says that the central bank is close to announcing how it will its end its program to reduce its large holdings of bonds. Powell said Wednesday that the balance sheet will likely settle around 16 or 17 percent of GDP. "We're close to agreeing on a plan which would light then way to the end of the process", Powell said Wednesday.
FCA says the factory would also be used to build plug-in hybrid variants , as well as offering the "flexibility" for pure-electric versions of those vehicles down the road. The job gain there is 1,100. - Fiat Chrysler is announcing a massive expansion into its Jeep brand through a $4.5 billion assembly plant in Detroit and the creation of 6,500 jobs as it expands into the electric vehicle space for its Jeep line.
In recent years, sales have slipped and the brand has struggeld to resonate with shifting consumer demands. L Brands' chief market officer, Ed Razek, sparked a backlash late past year when he rejected the idea of using plus-size or transgender models, a position he later apologized for.
The U.S. regulator on Monday asked a judge to hold him in contempt for violating a settlement that required him to get Tesla approval for social media posts and other writings that could be material to investors. He went on 60 Minutes in the U.S. in December to insist that he hadn't allowed the SEC to censor any of his tweets. "Something is broken with SEC oversight", Musk said in response to tweets questioning the SEC's motion.
US President, Donald Trump, has announced via Twitter that the US is to yet again delay imposing tariffs on imported Chinese goods, initially planned to start 1st March. "There is still a yawning gap between the two sides on major issues due to US lack of trust in China's commitments on structural issues and China's unwillingness to make any fundamental changes to its industrial and economic strategies".
Britain is due to leave the European Union on March 29, but so far the government has not been able to win Parliament's backing for its divorce deal with the bloc. "It is within our grasp to leave with a deal on 29th of March and I think that that is where all of our energies should be focused", May said. "I believe that in the situation we are in, an extension would be a rational solution", Tusk told reporters.