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Donald Trump stated he would fire Jerome Powell as chair of the Federal Reserve if he is re-elected and Powell does not leave his post.
Donald Trump has insisted that a Justice Department investigation into Federal Reserve Chair Jerome Powell would continue under his administration.
Federal Reserve Chair Jerome Powell stated he has no intention of leaving the board until the investigation into him is concluded.
A complete end to the war in the Middle East and the resumption of traffic through the Strait of Hormuz are necessary before significant oil price relief will occur.
Approximately 80% of New Zealand's oil imports flow in an unrefined state through the Strait of Hormuz.
The price of diesel in New Zealand has doubled, and the price of petrol has increased by 35% due to the conflict in the Middle East.
The Reserve Bank of New Zealand forecasts that inflation could reach 4.2% in the third quarter of the year, which is outside its target band of 1% to 3%.
A New York federal jury found that Live Nation illegally monopolized ticketing markets.
Baird analyst Michael Ha believes UnitedHealth faces structural issues within its Optum division, which are underappreciated by the market.
The margins for UnitedHealth's Optum Health division have declined from 6% to negative 0.8% as of the fourth quarter.
The Federal Reserve's Beige Book reported that overall economic activity increased at a slight to modest pace in eight of its 12 districts.
The Federal Reserve's Beige Book stated that two districts reported little change in economic activity, while two other districts reported slight to modest declines.