Latest news with #Republicanlawmakers
Bloomberg
22-07-2025
- Business
- Bloomberg
Invenergy to Add Gas to Its Contested $11 Billion US Power Line
Invenergy, the closely held developer that wants to build a power line in the US Midwest, is connecting a natural gas plant to its proposed $11 billion US transmission project after facing backlash from Republican lawmakers over ties to wind energy. The company now has plans to connect a gas plant to the Grain Belt Express power line and is also in talks to add coal-fired generation, according to people familiar with the plans who asked not to be named discussing a private matter. Axios reported the plan earlier.
Yahoo
16-07-2025
- Business
- Yahoo
Markets Jitter as Trump Weighs Unprecedented Fed Shakeup
Trump quietly floated the idea of firing Fed Chair Jerome Powell to a handful of Republican lawmakersand they told him they'd back it. News of the draft ouster letter sent Wall Street wobbling, with stocks slipping and the dollar dipping. The meeting came after those same lawmakers had stalled crypto bills. Trump even shared a mock?up dismissal letter, and though aides say no decision is locked in, whispers of an executive order this week have everyone on edge. If the president removes a Fed chair over policy disagreements, it would upend decades of central?bank independence and risk shaking market confidence in rate?setting. Powell and Fed officials are pushing back hard, and some House members plan to meet with him tonight to reinforce the bank's autonomy. Now, investors and policymakers alike are holding their breath to see if this threat fades or becomes realityand how markets will react either way. Investors would want to keep an eye on the S&P 500 (SPX), Nasdaq Composite (IXIC), Dow Jones Industrial Average (DJI) and the U.S. Dollar Index (DXY) This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
