The first domino has fallen in the Trump administration’s bid to loosen regulations on Wall Street’s biggest banks. The Federal Reserve proposed changes Wednesday that would lower capital requirements for large U.S banks that were implemented in the years following the 2008 financial crisis. Tweaks to these rules, known as the enhanced supplementary leverage ratio,

Elon Musk, chief executive officer of Tesla Inc., and Omead Afshar, left, leave an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Qilai Shen | Bloomberg | Getty Images Tesla CEO Elon Musk has fired Omead Afshar, the automaker’s vice president of manufacturing and operations, CNBC

Plus: Meet the woman who’s measuring consumer sentiment.

Get the latest entertainment news, reviews and star-studded interviews with our Independent Culture email Get the latest entertainment news with our free Culture newsletter Get the latest entertainment news with our free Culture newsletter Elon Musk has reclaimed ownership of Gene Wilder’s iconic Bel-Air home from the late Willy Wonka star’s nephew Jordan Walker-Pearlman, who

As Jeff Bezos and Lauren Sánchez had their big and VIP wedding in Venice, a short but hot meet-up between Orlando Bloom and Kim Kardashian got some eyes on them. The two stars sai

While global health finds itself at crossroads, some say Bill Gates’ formula for corporate philanthropy is outdated.