President Donald Trump on Monday said he had fired Federal Reserve Board Governor Lisa Cook, an unprecedented and dramatic escalation of his attacks on the U.S. central bank’s independence over its refusal to cut interest rates. Trump, in a termination letter to Cook posted on Truth Social, cited allegations by Federal Housing Finance Agency Director Bill Pulte…
US President Donald Trump has said he will immediately remove Federal Reserve official Lisa Cook from her position, a major escalation in his battle against the US central bank. He said there was “sufficient reason” to believe Cook had made false statements on mortgage agreements, and cited constitutional powers which he said allowed him to…
Apple CEO Tim Cook. Carlos Barria/Reuters Apple CEO Tim Cook signalled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centres or buying a larger player in the segment, a departure from a long practice of fiscal frugality. Apple has struggled to…
