Washington, area District Of Columbia Financial News

23.12 / 09:17

Blockchain regulation SEC exchanges Reserve Be ‘very wary’ of crypto proof-of-reserve audits: SEC official

A senior official from the United States Securities and Exchange Commission has warned investors to be “very wary” about relying on a crypto company’s “proof-of-reserves.”

30.04 / 02:29

markets Target President War Justice shock Investigations Jerome Powell is staying at the Fed. That isn’t Kevin Warsh’s biggest problem.Story

Subscribe to enjoy similar stories.Jerome Powell held his last press conference as Federal Reserve chair on Wednesday afternoon, but said he would stay on as a Fed governor pending the conclusion of an investigation into the renovation of the Fed’s Washington, D.C., headquarters.Powell, whose term as a governor runs through early 2028, said he would keep a low profile and has no interest in acting as a shadow chair under his presumptive successor, Kevin Warsh. That may be welcome news to Warsh, given the other challenges he is likely to face, including the most fractious Federal Open Market Committee in more than 30 years.The Fed held its federal-funds rate target steady after its April 28-29 policy meeting in a range of 3.5% to 3.75%, as expected.

17.04 / 01:23

COST Remark War Justice Department Investigations Fed’s Miran says he may trim rate cut outlook, citing inflation

Subscribe to enjoy similar stories.The Trump administration spent months demanding the Federal Reserve cut interest rates. This week, two people with close ties to the White House said waiting to move makes some sense.Federal Reserve Governor Stephen Miran, speaking at an economic forum in Washington, D.C., said Thursday he is reconsidering his rate cut outlook for the year, trimming his projection from four cuts to potentially three and acknowledging the inflation picture had become more complicated even before war with Iran began.The remarks came just days after Treasury Secretary Scott Bessent also took a slight turn from his earlier stance on monetary policy.Cuts should come eventually, Bessent said at a Washington conference, but waiting for clarity on the Iran situation makes sense.

26.01 / 11:33

markets President Universities Justice Schools Equality Investigations Fed independence is coming under attack. What it means for markets.

Subscribe to enjoy similar stories. President Donald Trump’s pressure campaign on the Federal Reserve, and on Fed Chair Jerome Powell in particular, will likely lead to higher inflation. That’s the implication of a new study into the impact of presidential pressure on the Fed.

05.12 / 01:45

FIVE Action Refugees shooting country social Trump tightens work permits for migrants, expanding crackdown on legal immigration

Subscribe to enjoy similar stories. Work permits issued to immigrants who have applied for asylum or a range of other humanitarian programs will now be valid for 18 months rather than five years, under a new policy announced Thursday by the Trump administration. By forcing immigrants to renew their work permits more often, the government will have more opportunities to re-vet them, said Joe Edlow, director of U.S.

06.04 / 09:03

Tesla Election SpaceX Doge stage social testing Elon Musk’s Mr. Fix-It takes center stage during a really bad week

Subscribe to enjoy similar stories. Elon Musk doesn’t share the spotlight with many people. Donald Trump is one.

29.03 / 10:17

UPS Fox Action President Doge Department Interviews My companies are suffering because I am in the government: Elon Musk

Elon Musk, in an interview with Fox News, claimed that his companies are “suffering” due to his involvement in the government. He emphasised that his role in the government puts him at a disadvantage, not an advantage. “If I wasn’t in the government, I could lobby. I could push for things that are advantageous to my company and probably get it,” he clarified. Musk heads the Department of Government Efficiency (DOGE), an advisory body set up by President Trump to cut the federal workforce and eliminate wasteful spending. Concerns about potential conflicts of interest have grown, given his private businesses alongside his government role and its impact on official decisions.

28.03 / 05:57

awards Research 2020 Department prevention rights Vaccines Trump set up path to cut grants years in advance

Subscribe to enjoy similar stories. President Trump is using regulatory language crafted by his administration in his first term to cut hundreds of millions of dollars in grants for programs ranging from vaccine research to teacher training.

20.03 / 16:01

Career President Universities Celebrity Golf reports Schools Today is Barron Trump's birthday, as he turns 19; here's what he plans to do in his career

Barron Trump, the youngest child of US President Donald Trump, is stepping into adulthood with big business aspirations. He celebrates his 19th birthday while pursuing a business career at NYU. Although many assume Barron will follow his father into politics, he is busy with school and business pursuits. This is what's next for him as he celebrates his 19th birthday. On Thursday, March 20, Barron Trump turned 19. Currently enrolled in his first year of business school at New York University, the youngest but tallest of President Donald Trump's children is the only child Donald Trump shares with First Lady Melania Trump.

18.03 / 14:09

Provident FIVE President social reports Department Courts Trump administration reinstating 24,500 fired workers after court order

Trump administration in court filings has for the first time acknowledged that it fired nearly 25,000 recently hired workers, and said agencies were working to bring all of them back after a judge ruled that their terminations were likely illegal. The filings made in Baltimore, Maryland, federal court late Monday include statements from officials at 18 agencies, all of whom said the reinstated probationary workers were being placed on administrative leave at least temporarily. The mass firings, part of President Donald Trump's broader purge of the federal workforce, were widely reported, but the court filings are the first full accounting of the terminations by the administration. Most of the agencies said they had fired a few hundred workers. The Treasury Department terminated about 7,600 people, the Department of Agriculture about 5,700 and the Department of Health and Human Services more than 3,200, according to the filings. U.S. District Judge James Bredar on March 13 said the mass firings of probationary workers that began last month violated regulations governing the mass layoffs of federal employees, and ordered them to be reinstated pending further litigation.

03.03 / 11:19

UPS wellness Actor show performer actress travelers ‘The White Lotus’ new season tackles our wellness obsession

Subscribe to enjoy similar stories. Digital detoxes, meditation, Buddhist philosophy and other antidotes to contemporary life have entered “The White Lotus." In the third iteration of the HBO anthology created by Mike White, wealthy vacationers don’t just want a lavish holiday. They want to heal their souls.

26.02 / 11:41

markets Digital Google Action students reports Traffic Google faces massive legal setback for hurting AI with traffic that Sundar Pichai said helps search grow

26.02 / 01:11

Digital wellness Trade Doge social information Department Democrat senators question what Elon Musk plans to do with sensitive CFPB data

Democrat lawmakers led by Massachusetts Sen. Elizabeth Warren on Tuesday held a forum pushing back against the moves that the Trump administration and Elon Musk have taken to neutralize the Consumer Financial Protection Bureau.

23.02 / 01:41

Waves Target Action President Doge stage Department That time Elon Musk showed up with a chain saw—literally

Subscribe to enjoy similar stories. There he was—the self-proclaimed Technoking—on stage waving around a chain saw. Elon Musk rode a populist wave to Washington, D.C., on the promise he would take his technologist acumen to the federal government, deploying artificial intelligence to root out wasteful spending and make things more efficient.

22.02 / 20:13

markets President rock stars reports Relationships Headlines Cowboy rides solo! No wedding bells for Kid Rock as singer splits from fiancée Audrey Berry after 7-year engagement

Kid Rock have called off their engagement. The rock star, who is currently unmarried, is said to be back on the dating scene.

22.02 / 07:55

markets COST security War social peace Debt has always been the ruin of great powers. Is the US next?

Subscribe to enjoy similar stories. Is that the heady scent of hubris, wafting through the winter air of Washington, D.C.? So bold has President Trump been in the first month of his second term that nervous Europeans wonder if the American republic is now unabashedly an empire. Trump renames seas.

09.02 / 19:39

Platform Doge performer social Updates Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered

Consumer Financial Protection Bureau employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.

05.02 / 04:35

Booking Airlines Strategy Nielsen travelers recommendations rights Ways to cope if you’re a newly fearful flier

Subscribe to enjoy similar stories. Kimberly Mack took a free fear-of-flying class at Sky Harbor International Airport more than a decade ago and has relied on the tools she learned on every flight since. On Monday, the 54-year-old Arizona small-business owner called Ron Nielsen, the retired airline captain who runs the classes, for a one-on-one refresher.

05.02 / 04:07

markets CEO Parke Food Trade President country Trump tariffs could impact biggest US meat producer

Zekelman Industries Chairman and CEO Barry Zekelman breaks down the impact of potential Canada, Mexico tariffs on steel prices.

03.02 / 14:03

Citi FIVE Airlines Nov Diversity reports Investigations Crews return to the Potomac River to recover wreckage from DC midair collision

Crews are on the scene on the Potomac River to retrieve the submerged wreckage of an airliner and an Army helicopter that collided midair in the deadliest U.S. air disaster since 2001

02.02 / 19:31

markets Airlines Strategy PAM reports Investigations American Airlines Crash: Black Hawk helicopter and passenger plane reveal conflicting data before crash

02.02 / 06:43

UPS Action economy Trade President country Relationships Canada, Mexico announce retaliatory tariffs on US imports in response to Trump's tariffs on American neighbors

Economist Steve Moore and former member of White House Council of Economic advisors Tomas Philipson discuss President Donald Trump’s tariffs on foreign countries on ‘The Bottom Line.’

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