Twitter Names NBCUniversal Executive Linda Yaccarino as CEO
Elon Musk announced NBCUniversal advertising chief Linda Yaccarino will be Twitter's new chief executive. She will focus on business operations while Musk handles product design and tech, as advertisers seek stability after a drastic leadership overhaul and mass staff cuts.
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United Airlines pilots push for higher pay across major airports
United Airlines pilots marched at coast-to-coast airports seeking wage gains after four years without a raise while negotiating a new contract. They aim to match Delta’s 34 percent four-year increase, with talks over scheduling and days off amid looming summer travel demand.
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Fed Officials Jefferson and Cook Signal Cautious Path on Inflation
Fed governor Jefferson has backed all rate hikes since May 2022 and aims to anchor inflation expectations while noting credit tightening and a gradually slowing economy. Colleague Cook already supported rapid rate rises but signaled potential restraint if lending continues to weaken, with guidance hinging on future data.
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Yellen warns on debt ceiling and deficits risk
Treasury chief Janet Yellen warns that tax and spending decisions push deficits and threaten to shake markets if the debt ceiling is not raised. She cites potential job losses from a default and notes proposals from Biden and McCarthy include various paths to bridge the gap, including a controversial 14th amendment avenue.
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