Gary Gensler, Biden’s pick to head SEC, has reputation as tough regulator

Desy Papper

In nominating Gary Gensler to serve as chairman for the Securities and Exchange Commission, President-elect Joe Biden is likely to please progressives, who have been agitating for more bank oversight after four years of deregulatory policy under President Donald Trump’s SEC pick, Jay Clayton, who stepped down in December.

“Gensler is a terrific choice to head the agency,” said Barbara Roper, director of investor protection at the Consumer Federation of America. “He’s as knowledgeable about the markets as anyone on Wall Street, so he can’t be intimidated. He’s a seasoned regulator who knows how to get things done.”

Gensler spent

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Kia Motors Tapped to Manufacture the Apple Car in West Point, Georgia

Desy Papper

As reports of Apple preparing to sign a manufacturing deal for its first self-driving car continue to heat up, it’s looking even more likely that the company’s moonshot “Project Titan” will in fact see its vehicles assembled in the United States.

News first surfaced a couple of weeks ago that Apple and Hyundai were in discussions about a manufacturing partnership, although the Korean automaker quickly back-pedalled on its initial statements that had named Apple as the company it was negotiating with, stating instead that it was merely talking to “a variety of global automakers,” and that all the talks were

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Retail stores drop MyPillow after CEO Mike Lindell pushes election conspiracies

Desy Papper

NEW YORK — The founder of MyPillow, a vocal and in the past few weeks very visible supporter of President Donald Trump, says a backlash against the company has begun after a mob stormed the U.S. Capitol this month.

Mike Lindell, the company CEO and also the face of the brand, said major retailers like Bed Bath & Beyond and Kohl’s have dropped his products recently.

Both companies confirmed the decision to cease carrying the brand Tuesday, but cited flagging sales rather than Lindell’s actions or his support for Trump.

“There has been decreased customer demand for MyPillow,” Kohl’s said

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Ford points finger at suppliers for leaked product images

Desy Papper

Ford Motor Co. on Monday asked suppliers to stop sharing photos of upcoming vehicles with the press, according to a memo shared with Automotive News.

Images of the Bronco SUV, Bronco Sport crossover and upcoming Maverick compact pickup have recently leaked ahead of their formal introduction. Before a full image of Ford’s compact pickup was released, images and computer renderings of the vehicle’s alleged tailgate, stamped with the name Maverick, leaked.

Many of the images were first published by forums and websites dedicated to specific models.

While not naming specific models, Ford said Monday that “a number of

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Trading floor ready to close as London Metal Exchange moves to modernise | Commodities

Desy Papper

The sharp suited traders at the London Metal Exchange may never return to their red leather benches, after the managers of Europe’s last remaining in-person trading floor set out plans to move entirely to electronic trading.

The LME’s proposed closure of the Ring – known for its distinctive circle of red sofas – would mark one of the biggest changes to the world’s oldest and largest metal bourse since its founding in a City of London coffee house in 1877.

The LME, which is owned by the Hong Kong Stock Exchange parent HKEX, hosts the last remaining open outcry floor

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