Marvin Goodfriend, Trump Nominee to the Federal Reserve, Dies at 69

Professor Goodfriend’s insights were often applied directly to policy. He served as a visiting scholar at various global monetary authorities, including the Bank of Japan and the European Central Bank. From 1984 to 1985, he served as a senior staff economist for President Ronald Reagan’s Council of Economic Advisers. “He really excelled at bridging the divide between rigorous academic economics and policy-setting,” said Jeffrey Lacker, a former president of the Richmond Fed who worked with Professor Goodfriend when both were on the staff there. His research also helped to fundamentally…

Stephen Poloz to step down: How Canada’s top banker went from folksy obscurity to steady hand

OTTAWA — Outgoing governor Stephen Poloz once joked that, after being chosen to succeed Mark Carney as head of the Bank of Canada in 2013, he was received much like the guy who replaced Wayne Gretzky. That is to say: nobody actually remembers the guy who replaced The Great One. Poloz was plucked from relative obscurity as head of Export Development Canada and, despite being on the shortlist of successors, was considerably less well-known compared to the high-profile Carney, who had engineered Canada’s response to the deepest recession in decades…

Saudi Aramco IPO Raises $25.6 Billion; Breaks Alibaba Record – Stock Market – Business News, Market Data, Stock Analysis

Saudi Arabian Oil Company priced its long-anticipated IPO at 32 Saudi Rials ($8.53) a share Thursday, raising $25.6 billion dollars and topping the previous record IPO held by Alibaba (BABA) – Get Report. Alibaba raised $25 billion in its 2014 IPO. The pricing came in at the top of the anticipated range. However, the $1.7 trillion implied market valuation came up short of the $2 trillion sought by Saudi Crown Prince Mohammed bin Salman. By contrast, Apple Inc. (AAPL) – Get Report, the largest U.S. company by valuation, currently carries a market…

Why Don’t We Have Self-Driving Cars Yet?

Date: 2019-11-27 17:00:16 More companies are trying to bring self-driving cars to the masses than ever before, but a truly autonomous vehicle still doesn’t exist. It’s not clear if, or when, our driverless future will arrive. Where exactly are we with self-driving cars, and when can we expect them to be a part of our daily lives? » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV…