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U.S. markets news

Senate Confirms Jerome H. Powell as Fed Chairman
WASHINGTON - Jerome H. Powell sailed to Senate confirmation on Tuesday to become the 16th chairman of the Federal Reserve with a final vote of 84 to 13.
Senate confirms Powell for Fed chair, handing Trump's pick enormous ...  Washington Post
Powell Approved by Senate to Succeed Yellen as Fed Chair  Bloomberg
Fortune  
Kimberly-Clark Cutting 5000 Jobs Amid Pressure on Prices
Kimberly-Clark, the maker of Huggies and Kleenex, is laying off about 13 percent of its work force and shedding factories worldwide, amid declining birthrates that are affecting diaper sales and a retail price war that is weighing on profits.
Huggies' owner Kimberly-Clark to slash 5000 jobs, close 10 factories  CNBC
Kimberly-Clark, maker of Kleenex and Huggies, says tax bill helps fund plan ...  Washington Post
Budweiser falls from top three US beer favorites
The king of beers has officially been dethroned. Budweiser no longer is among the top three best-selling beers in the U.S., according to Beer Marketer's Insights, as people drink less beer or switch to craft brews, wine or spirits.
Budweiser Isn't Among America's 3 Most Popular Beers  U.S. News & World Report
Budweiser falls off the list of America's three favorite beers  CNNMoney
Disney to give $1000 bonuses to over 125000 workers
Disney union members were considering whether to approve a new contract to give workers at least a 50-cent hourly wage increase for each of the next two years.
Disney to Give Employees $1000 Bonuses in Wake of Tax Reform  Bloomberg
Disney Gives $1000 Cash Bonuses To 125000 Employees  Deadline
Trump's Solar Tariffs Are Clouding the Industry's Future
ZEBULON, N.C. - At this century-old farm just outside Durham, symmetrical rows of shining blue solar panels have replaced the soybeans and tobacco that Tommy Vinson and his family used to grow here.
Trump's solar tariffs won't boost the government's bottom line  The Hill
New tariffs could raise price of washing machines, hurt solar industry jobs  ABC News
Bob Lutz And Tesla: The Difference Between The Old Economy And The New
Enrique Dans , Contributor Teaching and consulting in the innovation field since 1990 Opinions expressed by Forbes Contributors are their own.
How Tesla's Elon Musk Could Become the World's Richest Person ...  Fortune
Elon Musk Will Not Get Paid Unless Tesla Meets Ambitious Goals  Slate Magazine
Feds to investigate Tesla crash driver blamed on Autopilot
The National Traffic Safety Board will conduct a field investigation of an accident on Monday, when a Tesla Model S crashed into a firetruck on a California freeway.
Tesla in Autopilot mode crashes into fire truck  WBAL Baltimore
Tesla Model S on 'Autopilot' Crashes into Fire Engine on Los Angeles ...  Fortune
Acting consumer bureau chief declares 'new mission' in rebuke of predecessor
The acting director of the Consumer Financial Protection Bureau (CFPB) told employees that the agency's days of routine, aggressive regulatory and enforcement action “are over.
Mick Mulvaney Calls for 'Humility' from Consumer Financial ...  New York Times
CFPB Chief Mulvaney Says Days of 'Pushing the Envelope' Are Over  Bloomberg
Top Twitter executive departs, putting pressure on Jack Dorsey
Anthony Noto, Twitter (TWTR)'s COO, has resigned to take over as CEO of SoFi, a financial technology startup, both companies announced Tuesday.
For SoFi, Twitter exec Anthony Noto checks all the right CEO boxes  Fast Company
Why Twitter's future just got even darker  Mashable
Texas Instruments Outlook Doesn't Meet Promise of Economy
Texas Instruments Inc., the largest maker of analog chips that are basic components of almost every electronic device, gave a sales forecast that fell short of some estimates amid weaker demand from phone-equipment manufacturers.
Texas Instruments' (TXN) Q4 2017 Results - Earnings Call Transcript  Seeking Alpha
Texas Instruments fails to beat earnings estimates, shares fall  Reuters