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Intel (INTC.O): Greg Ernst will leave Intel after 27 years in the company.
Intel (INTC.O): Appointed Dean Jarnac as Executive Vice President and Chief Sales Officer.
On August 8th, the U.S. Federal Aviation Administration (FAA) issued an airworthiness directive on August 6th, applicable to three models of Boeing passenger aircraft, affecting an estimated 471 aircraft registered in the United States. The FAA stated that it had received reports of cracks in the fuselages of some aircraft, and that these issues could adversely affect the structural integrity of the aircraft. The directive requires inspections of these aircraft. The directive will take effect on September 10th.
The Federal Reserve accepted a total of $1.45 billion from two counterparties in its fixed-rate reverse repurchase operations.
August 8th - According to White House National Economic Council Director Hassett on Friday, US President Trump and Federal Reserve Chairman Warsh frequently discuss economic issues. Hassett stated that he does not overhear these calls but insisted he is "confident" the president will not pressure Warsh on interest rate decisions. Hassett said, "Wash and the president have a very close, long-standing relationship stemming from their interactions in New York City and Florida, and they have consistently discussed the economy. I also communicate with Warsh, and so does Bessett, so this is not news." Regular calls between Trump and Warsh are uncommon in the modern history of the White House-Federal Reserve relationship and have raised concerns that the president is seeking to influence the Feds policy-making. Hassett stated that Trump "respects the independence of the Federal Reserve."