(Reuters) – Donald Trump’s allies are reported to be drafting proposals to erode the Federal Reserve’s independence if the presumptive Republican presidential nominee regains the White House, with installing loyalists at the central bank as a key element.The Fed both manages monetary policy – most notably through setting benchmark interest…

By Abigail SummervilleNEW YORK (Reuters) – General Mills (NYSE:), the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular Yoplait brand in a deal that could be worth more than $2 billion, people familiar with the matter said.The…

By Sabrina ValleHOUSTON (Reuters) -U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in prices compared with a year ago.Results at oil and gas firms are still retreating from record levels in 2022 that were boosted by a surge in demand after…

Poppy Harlow, the longtime CNN anchor who most recently co-helmed “CNN This Morning,” announced Friday that she will exit the network. “The nearly two decades since have been a gift,” Harlow wrote in an email to colleagues. “I have been inspired by you and learned so much from you –…

US equities bounced Friday as positive big-tech earnings reports outweighed a disappointing inflation print that showed higher prices are proving more persistent than the Federal Reserve had hoped. Cryptocurrencies were little changed. The Fed’s preferred inflation measure showed prices increased 2.7% year-over-year in March. Analysts had called for a 2.6%…