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Tesla chair Robyn Denholm sells $33 million in stock

Denholm, who has been Tesla's board chair since November 2018, sold 112,390 securities in the automaker, according to the filing. Earlier this year, Denholm, alongside other Tesla directors, received court approval for a settlement worth up to $919 million that requires they return compensation to resolve allegations they overpaid themselves. The suit challenged director compensation at the automaker as excessive from 2017 to 2020 over the period of which Tesla surged, leading stock options received by directors to become worth hundreds of millions.

Republicans in Congress Turn Up Scrutiny of Fed as Inflation Persists

(Bloomberg) -- Congressional Republicans are ramping up scrutiny of the Federal Reserve, just as the central bank confronts stubborn inflation and broader questions about its role as a bank regulator.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4