Howard Lutnick, a wealthy donor to President Trump who has been picked to lead the Commerce Department, defended Mr. Trump’s plans to impose broad tariffs and said he would take a tough stance on technology sales to China during his Senate confirmation hearing on Wednesday. If confirmed, Mr. Lutnick would lead on trade policy and oversee a broad portfolio of …
Read More »
Howard Lutnick, a wealthy donor who President Trump has picked to lead the Commerce Department, will face questioning about his financial holdings and potential conflicts of interest in a nomination hearing before the Senate Wednesday. Mr. Lutnick is the chief executive and chairman at Cantor Fitzgerald, a Wall Street brokerage, and holds executive positions at BGC, another brokerage, and Newmark …
Read More »
UnitedHealth Group reported on Thursday that it earned less than expected this past quarter, citing higher medical costs and pressure on its insurance division at a time when the company is still reeling from the shocking murder of a top executive last month. Revenues for UnitedHealth Group amounted to $100.8 billion for the fourth quarter, below what analysts had predicted …
Read More »
Employers stuck the landing in 2024, finishing the year with a bounce of hiring after a quarter filled with disruption. The economy added 256,000 jobs in December, seasonally adjusted, the Labor Department reported on Friday. It was a better-than-expected number amid a labor market that has been slowly cooling for two years. The unemployment rate edged down to 4.1 percent. …
Read More »
Unews World