Washington Financial News

By Howard Schneider

WASHINGTON (Reuters) — U.S. existing home sales increased to a five-month high in January as declining mortgage rates pulled in buyers from the sidelines, but tight supply remains a challenge.

Venture Capital firm Andreessen Horowitz has invested $100 million in crypto restating startup EigenLayer after its latest funding round.

Goldman Sachs is upbeat about the economy this year. Its economists see healthy growth of 2.3%, unemployment staying below 4%, and the probability of recession at just 15%—all more optimistic than the consensus. And they see inflation, excluding food and energy, continuing to fall, to a little over 2% (using the Federal Reserve’s preferred measure) by year-end.

China tightens grip on stocks with net sale ban at open, close The first pair of pandas — a male and a female — could arrive in San Diego by late summer, officials at the zoo told the Associated Press. China is also discussing renewing its cooperation with Washington, D.C.’s National Zoo and Austria’s Schönbrunn Zoo, according to the embassy.

Internet outages, and restrictions on social media applications like X (formerly Twitter) were imposed in Pakistan on Saturday after a senior government official made a public admission of vote manipulation in the February 8 election. US State Department spokesperson Matthew Miller on Wednesday said that the US is concerned by reports of restrictions on the exercise of the freedom of expression and association in Pakistan, "including the partial or complete government-imposed internet shutdowns, which includes, of course, on social media platforms." He added that Washington continues to call on Pakistan to respect freedom of expression and "restore access to any social media that has been restricted, including Twitter, now known as X." Miller said the US concerns had been communicated to Pakistan through official channels.

Across the United States, chronic worker shortages have led many companies to invest in machines to do some of the work they can’t find people to do

Across the United States, chronic worker shortages have led many companies to invest in machines to do some of the work they can’t find people to do

President Joe Biden has signed an executive order and created a federal rule aimed at better securing the nation’s ports from potential cyberattacks

First, there were trackers on Taylor Swift and other celebrities’ private jet usage

Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing inflation

By David Shepardson

Circle Squared Alternative Investments founder Jeff Sica discusses whether the Fed will cut interest rates in 2024 on 'Varney & Co.'

Ed Clark, the executive leading Boeing (NYSE:BA)'s 737 MAX program, has stepped down, Reuters reported Wednesday after obtaining a company memo.

WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates and expressed both optimism and caution on inflation, according to minutes from the session released Wednesday.

(Reuters) — Utility firm Exelon (NASDAQ:EXC) beat fourth-quarter profit estimates on Wednesday, helped by higher electricity rates.

By Katharine Jackson and Raphael Satter

India and the US are looking into exciting joint science and technology projects to further expand their relationship under the guidance of the top leadership of the two countries, according to a top American scientist. Describing the US-India Partnership as a very important one for the Biden-Harris administration and also in Congress, Dr Sethuraman Panchanathan, Director of the National Science Foundation said there's total bipartisan support for a strong partnership between two great democracies, the US and India. Last year, Prime Minister Narendra Modi kicked off his visit to Washington DC, for the historic State Visit, with a trip to the National Science Foundation headquarters in Alexandria wherein he interacted with the scientific community and the young scientist minds.

BEIJING (Reuters) — Oil prices regained some ground in early Asian trade on Wednesday, as investors weighed concerns over output cuts by key producers and attacks on shipping in the Red Sea against dimmed expectations of U.S. rate cuts.

Influential labor groups now say they are opposing efforts to move two professional sports franchises from the nation’s capital to northern Virginia, partially due to the apparent inability to reach a satisfactory deal for union workers on the construc...

Vice President Kamala Harris is announcing another $5.8 billion for water infrastructure projects nationwide, paid for by one of the Biden administration's key legislative victories