WSJ What’s News What Linda Yaccarino’s Departure Means for X
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Jul 9, 2025 Linda Yaccarino's departure from X raises questions about the platform's future amid advertiser concerns and Elon Musk's influence. Meanwhile, Nvidia makes history as the first company to reach a $4 trillion valuation, showcasing the booming AI market. The Federal Reserve faces internal divisions on interest rates, complicated further by political pressure from Trump. Lastly, the Justice Department investigates UnitedHealth Group's Medicare billing practices, revealing troubling trends in public health.
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Fed Officials Split on Rate Cuts
- Federal Reserve officials are divided on when to resume interest rate cuts.
- Majority foresee cuts later this year; a minority see inflation progress as insufficient to justify cuts.
Jerome Powell's Pressures
- Jerome Powell faces pressure from a divided Fed and President Trump to cut rates.
- Trump is actively considering replacements for Powell, creating additional uncertainty at the Fed.
Fed Chair Successor Candidates
- Kevin Warsh and Kevin Hassett are leading candidates to replace Powell.
- They differ significantly in their criticism and views of the Federal Reserve's policies.