BP Appoints Former Devon Energy Chief David Hager as Nonexecutive Director
The British energy company said Friday that Hager brings a deep knowledge of the U.S. upstream oil-and-gas industry. His appointment will be effective from Monday.
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Yahoo
25 minutes ago
- Yahoo
Powell Silence on His Future Complicates Trump Fed Chair Search
(Bloomberg) -- As President Donald Trump and his advisers begin weighing replacements for Federal Reserve Chair Jerome Powell, they're running into one significant complication: It's not clear that Powell will leave the US central bank next year. NYC Commutes Resume After Midtown Bus Terminal Crash Chaos Struggling Downtowns Are Looking to Lure New Crowds Massachusetts to Follow NYC in Making Landlords Pay Broker Fees What Gothenburg Got Out of Congestion Pricing California Exempts Building Projects From Environmental Law The Fed chief has repeatedly declined to say whether he will step down when his four-year term as chair expires in May, or remain on the Fed board — something he could technically do until his tenure as a governor expires in January 2028. The prospect of Powell remaining at the central bank has prompted administration officials to begin planning for multiple scenarios for his replacement, as Trump seeks a chair who will support his economic agenda. The president said Tuesday he has 'two or three top choices' to potentially succeed Powell, but declined to name them. In recent weeks, Trump's advisers have even discussed with him the possibility that Scott Bessent could simultaneously serve as Treasury secretary and Fed chair, according to people familiar with the matter. Such a move would be unprecedented since the two roles were separated in 1935, in legislation aimed at giving the Fed a measure of independence. 'Any reporting suggesting that the President is considering having Secretary Bessent serve as both Treasury Secretary and Federal Reserve Chairman concurrently is absolutely fake news,' a White House official said. A Treasury spokesperson pointed to Bessent's comments earlier this week on his potential candidacy. 'I will do what the president wants, but I think I have the best job in DC,' he said on Bloomberg TV. As the selection for a new Fed leader unfolds, the president has made clear the next chair must be 'somebody that wants to cut rates.' Powell has led his colleagues in standing pat this year, saying they need more certainty that Trump's tariffs won't trigger a persistent rise in inflation. When asked about his tenure Tuesday in a panel discussion with fellow central bankers from around the world, Powell said, 'I have nothing for you on that.' Powell's circumspection has frustrated some of Trump's advisers, who are taking the silence as an attempt to push back against the president's desire for more influence on monetary policy, according to people familiar with the matter. If he did stay on as a Fed governor, Powell would leave Trump with just one scheduled opportunity to fill a board slot — Governor Adriana Kugler's, whose term ends in January — until the president's final year in office. Bessent, publicly acknowledging Powell could stay, said in a Bloomberg TV interview Monday one idea would be to fill Kugler's slot with the person who would later be elevated to chair. Choosing an existing governor is another option, he said. Powell's coyness has raised speculation that he could stay on the board if Trump picks a nominee who is overly deferential to the president's demands, said Neil Dutta, head of economic research at Renaissance Macro. 'That's the leverage Powell has right now by not declaring his intentions.' Pressure Rises While Trump has sometimes speculated about firing Powell, a May Supreme Court ruling raised the hurdle for that, without having legal 'cause.' Pressure on Powell heated up further on Wednesday, with Trump's housing-finance chief, Bill Pulte, accusing Powell of misleading lawmakers about Fed building renovations. Pulte claimed the issue was sufficient to remove him 'for cause,' and the president later posted on social media that Powell 'should resign immediately.' The supercharged political environment surrounding the US central bank makes the upcoming chairmanship decision all the more sensitive than it usually is. Typically, Fed chairs retire from the central bank when their terms at the helm end, but the political backdrop has rarely been as tense as today's. Governor Michael Barr took the step in February of resigning as vice chair for supervision, while remaining on the board — constraining Trump's options for reshaping the board. 'The independence of the Federal Reserve is critical to our ability to meet our statutory mandates,' Barr emphasized that month. Christopher Waller, a current governor who was nominated for the Fed board by Trump in his first term, is one option for the chair job. Kevin Hassett, the White House's National Economic Council director and ex-Fed official Kevin Warsh are also top contenders from outside the Fed, people familiar with the matter said. Former World Bank President David Malpass has also been floated. Powell's Influence Trump's nominee would need to be confirmed by the Senate, and Republicans' narrow majority means they couldn't lose more than three votes for the pick. Powell has often declined to answer politically tinged questions related to Trump amid the president's steady stream of criticism. 'I'm very focused on just doing my job,' Powell said this week when asked about Trump's attacks. 'The things that matter are using our tools to achieve the goals that Congress has given us.' Sarah Binder, a professor of political science at George Washington University, said 'it's a sort of a defensive mechanism' to forgo specific comment on when he'll leave. 'My guess is Powell doesn't see it in his interest, but really in the Fed's interest, to engage with the president at all.' If Powell did remain on the board, he could continue to influence policy decisions made by the 19-person interest-rate setting Federal Open Market Committee, having worked with most members for years. Rate moves are made by majority vote, and it's unclear what sway the new chief might have, especially if the candidate came from outside the current board. 'He's developed a lot of loyalty among the governors and Fed staff who I expect would remain loyal to him' if Trump picked a 'toady,' Dutta said. 'The problem Trump has created for the next chairman is making his desire for rate cuts so obvious that it becomes very challenging for that person. You look like a political stooge.' --With assistance from Catherine Lucey. (Updates with Treasury comment in fifth paragraph.) 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Associated Press
25 minutes ago
- Associated Press
Former England Rugby International Simon Halliday Joins MAS Group as Key Partnerships Adviser
MAS Group today welcomes Simon Halliday as Key Partnerships Adviser. He will drive strategic alliances across: MAS Markets, MAS Digital and MAS Fund. LONDON, LONDON, UNITED KINGDOM, July 3, 2025 / / -- MAS Group today welcomes Simon Halliday as its new Key Partnerships Adviser, leveraging one of England rugby's most celebrated centres to drive strategic alliances across all three divisions: MAS Markets, MAS Digital and MAS Fund. Simon Halliday enjoyed a decorated international rugby career—earning 23 England caps between 1986 and 1992, featuring in the 1991 Rugby World Cup Final and back-to-back Five Nations Grand Slams in 1991 and 1992. His blistering pace and sharp decision-making under pressure helped Bath RFC secure multiple domestic trophies before a stint at Harlequins, cementing his reputation as a world-class centre. 'Simon's deep understanding of high-performance teamwork, forged at the very pinnacle of international rugby, makes him an ideal architect for MAS Group's partnership ecosystem'. Simon Blackledge, CEO of MAS Markets Off the rugby pitch, Halliday is an Oxford University alumnus—earning Blues in both rugby and cricket—and featured in nine first-class cricket matches, famously scoring 113 not out against Kent in 1982 for Oxford University. This blend of athletic versatility and academic rigour laid the foundation for his subsequent two-decade career in global finance. In the City, Halliday held senior positions at Lehman Brothers, Nomura International and UBS, managing multi-million-dollar sales divisions and leading teams of over 50 professionals. He later chaired European Professional Club Rugby, oversaw major restructuring negotiations in English rugby, and serves as Patron for Cardiac Risk in the Young and formerly Help for Heroes, raising more than £3 million for charitable causes. 'I am delighted to be joining MAS Group as Key Partnerships Adviser. It cannot have escaped people's notice that this company is one of the fastest growing in the marketplace, as evidenced by the recent Business Leader Growth 500, where the company was ranked Number 32. Having worked for three decades in Financial Markets, mainly Investment Banking in the service of Asset Managers and Corporates, I hope that my experience can be brought to bear in helping the growth of MAS in the world of Institutional Trading, liquidity solutions and funds management. I also hope that my sporting background will assist in the bringing together and the development of important business relationships and which embody the values that sport holds dear.' Simon Halliday About MAS Group MAS Group is a global multi asset financial markets organisation with a focus on institutional trading, liquidity solutions and funds management. Rupert Hadlow MAS Group [email protected] Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
CNET
26 minutes ago
- CNET
Best Buy July 4th Sale: Amazing Discounts on Top Tech and More
Fourth of July Best Buy deals have already kicked off, even though the event doesn't officially start until tomorrow. We've had the team of experts here at CNET scouring the web for the best Best Buy deals on everything from TVs and laptops to gaming gear, and we're keeping this page updated with all of them. It's just a good chance to save money, and the best Fourth of July Best Buy deals knock huge amounts off of some really great items. So, just keep reading and you're sure to find something you want. Best Buy July 4th TV deals LG 48-inch B4 OLED 4K TV: $550 LG's B4 series TVs have a stunning OLED display with a 120Hz refresh rate as well as Dolby Vision, HDR10 Plus and HLG support for fluid action, vibrant colors and rich blacks. Plus, they have an A8 AI processor that automatically optimizes picture settings for the ideal viewing experience. Details Save $150 $550 at Best Buy Close Hisense A7 75-inch 4K smart TV: $460 The Hisense A7 TV offers great picture quality and a ton of smart features, including the Alexa voice remote. The Game mode is also an excellent addition for any gaming enthusiasts who want to enjoy a variable refresh rate and auto low latency. Details Save $20 $460 at Best Buy Close More Best Buy July 4th TV deals: Best Buy July 4th headphones deals Sony WHCH-720N wireless noise canceling headphones: $130 These wireless noise-canceling headphones with multi-device connection and a 35-hour battery life are from one of the most well-known brands in the business. We love these headphones. In fact, they're one of our favorite noise-canceling headphones of 2025. Details Save $20 $130 at Best Buy Close Sennheiser Accentum earbuds: $150 Sennheiser Accentum true wireless earbuds are ergonomically designed with a sleek look and a 28-hour battery. They're well reviewed and highly regarded, making this price incredibly good value for the money. Details Save $70 $150 at Best Buy Close More Best Buy July 4th headphone deals: Best Buy July 4th laptop and tablet deals Apple M3 MacBook Air 15-inch laptop: $1,099 The M3 MacBook Air has been usurped by the M4 version for the title of overall best laptop of 2025 but this discount makes it worth considering even now. Upgrade to a model with a 15.3-inch Liquid Retina display, an 18-hour battery life, 512GB of storage and 16GB of RAM. Details Save $200 $1,099 at Best Buy Close Samsung Galaxy Tab S9 Ultra: $700 All Android fans will love the Galaxy Tab line, especially the Ultra. It comes with the S-pen so you can write and take notes easily on the tablet. It's also water- and dust-resistant, great for summer adventures. And of course it comes with Galaxy AI. Details Save $500 $700 at Best Buy Close More Best Buy July 4th laptop and tablet deals: Best Buy July 4th smart home deals Ring Spotlight Cam Plus indoor/outdoor cameras (2-pack): $180 These spotlight security cameras can be used indoors and outdoors. They're wireless and powered by a quick release battery pack. And with the Ring app, you can see everything that's going on in front of the camera. Details Save $100 $180 at Best Buy Close Arlo Essential Outdoor security camera: $30 This Arlo security cam features HD video resolution, night vision and two-way audio, so you can easily chat with those is at your house from your phone. It will also send alerts directly to your phone when activity is detected, making it easier to keep tabs on what's going on, especially if you're away. Details Save $20 $30 at Best Buy Close More Best Buy July 4th smart home deals: Best Buy July 4th gaming deals Razer BlackShark V2 X wired gaming headset: $40 This gaming headset works with tons of gaming devices including PC, PS5, PS4, Switch, Xbox X|S and Xbox One. It has a built-in mic so you can chat with other players during the game and 50mm drivers for clearer audio. Details Save $20 $40 at Best Buy Close AOC 34-inch curved gaming monitor: $290 Give your PC gaming setup a serious upgrade with this AOC monitor. It features a curved 34-inch WQHD display and boasts an impressive 180Hz refresh rate and 1ms response time for fluid action. It's also AMD FreeSync Premium compatible and has two HDMI and four USB ports. Details Save $90 $290 at Best Buy Close Best Buy July 4th gaming deals: When do Fourth of July sales start this year? While Independence Day falls on July 4 every year, holiday sales often tend to start before and hang around a few days after. Amazon also announced that its next Prime Day will take place from July 8 to 11, so the two sales may blend. Best Buy's sale is set to officially end on Saturday, July 5, but there's a good chance that a second sale will kick off immediately after to compete with Amazon's deals. Where are the best July 4th sales? Fourth of July sales offer some of the best prices on tech, appliances, mattresses and fashion, making it a great time to snag stellar prices on must-have items and there are a ton of retailers participating in the holiday savings. Unsurprisingly, Best Buy is usually one of the best places to buy tech items because it sells products from almost all major brands across these popular categories, making it a tremendous one-stop shop for all of your Fourth of July buys. Outside of Best Buy, we recommend checking out appliance and tech sales at Amazon, Home Depot and Lowe's, as well as holiday sales on a variety of categories at Nordstrom, Target and Walmart, among others. Should I shop July 4th sales or wait for Prime Day deals? There's no definitive way to say whether Fourth of July sales or Prime Day deals are best. Both sales offer plenty of deals, including some of the best prices we'll see all year. Plus, it's likely the two sales will blur into one big discount extravaganza, given their proximity. Fourth of July sales offer more variety in retailers, although much of your shopping may take place on Amazon anyway. There are also plenty of non-Amazon retailers that will keep their sales rolling through mid-July, often directly competing with Amazon Prime prices. Because you'll be able to shop so many Fourth of July sales in just a few weeks, grab what you need and then keep tabs on Prime Day deals later for anything you miss. How we choose deals CNET has a team of shopping experts and deal hunters who have operated across major sales events for many years, making sure you understand when a deal is worth taking advantage of or when it's worth skipping. Whether it's for Black Friday, Prime Day or the Fourth of July, we have the expertise to make sure you get the best deal possible. To do this, we look for real discounts, quality reviews and remaining sale time when choosing an offer to show you. Real discounts mean real discounts. We look at the price history for that product to make sure no manufacturers are inflating prices to make the discount seem more substantial than it is. Quality reviews are equally important for any product, but particularly for deeply discounted items. If it breaks the first time you use it, the discount isn't really worthwhile. Remaining sale time is a huge part of our vetting process. If a deal seems like it will only be around for a short while or will only be available for the remaining stock, we'll let you know in advance, so you don't return later only to be disappointed. We are also considering the rising costs associated with tariffs to help you find items worth buying now. Read more: Tariff Tracker: We're Watching Prices for 11 Products You Might Need to Buy How to keep up with the best July 4th sales There are a lot of ways to ensure you're getting the latest scoop on Fourth of July offers. The CNET Deals team covers all the best price drops, discounts and deals every day from across the web, highlighting the best offers. We'll be tracking all the major retailer sales following the Fourth of July holiday and sharing the promotions you need to hear about and there are plenty of ways to hear from us. One option is to bookmark to check out our latest coverage. You can also follow @CNETDeals on X to see everything we publish or sign up for our CNET Deals newsletter for a daily digest of deals delivered to your inbox. Another great option is to sign up for CNET Deals text alerts for curated deals during major shopping events. Remember to install our CNET Shopping browser extension to help ensure that purchases you make all year round will be at the lowest price available.
