Washington Financial News

By David Shepardson

Jared Kushner, Donald Trump’s former White House adviser and his son-in-law, is defending his business dealings with the Saudi crown prince after leaving the U.S. government

Federal accident investigators are pushing for better cockpit voice recorders

The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system

North Korea on Wednesday fired multiple cruise missiles into the sea in its fifth test of such weapons since January, South Korea's military said, extending a streak in weapons demonstrations that's elevating tensions in the region. South Korea's Joint Chiefs of Staff said the South Korean and U.S. militaries were analyzing the launches that were detected in waters northeast of the eastern coastal city of Wonsan. The South Korean military didn't immediately provide the exact numbers of missiles fired or how far they flew. It wasn't immediately clear either whether the missiles were fired from land or from sea assets. «Our military has increased surveillance and vigilance and is working closely with our US partners and is closely monitoring signs for further activity from North Korea,» the Joint Chiefs of Staff said in a statement. Experts say North Korea is ramping up pressure on its rivals in an election year in South Korea and the United States with a long-term focus of forcing Washington to accept the idea of the North as a nuclear power and extract security and economic concessions from a position of strength.

carbon capture approaches. The technology? Sunlight and seawater. The company, Banyu Carbon, says it has developed an ocean carbon dioxide removal (CDR) system that relies on a synthetic molecule that, when exposed to light, changes shape and becomes acidic. When it interacts with seawater, the resulting process scrubs CO2. Though the company is currently working at the gram scale, its technology holds the promise of a low-cost way to limit global warming. “The main problem we're trying to solve is that carbon removal takes a ton of energy,” says Banyu co-founder and Chief Executive Officer Alex Gagnon, a chemical oceanography professor who spun the startup out of the University of Washington in 2022 with colleague Julian Sachs. (A marine organic chemist and Banyu’s chief technology officer, Sachs previously conducted fieldwork in the Pacific, and “Banyu” is an Indonesian word for “seawater.”)

Jeff Bezos didn’t wait long to start cashing in on Amazon.com Inc.’s rally to start the year. Less than two weeks after disclosing a plan to dispose of as many as 50 million shares of the company he founded, Bezos has offloaded 24 million shares, worth more than $4 billion. The sales, revealed in regulatory filings, took place over just four trading days. The world’s second-richest person previously hadn’t sold stock since 2021.

By David Morgan and Richard Cowan

Pacer ETFs Distributors President Sean O'Hara on earnings season, the Federal Reserve's handling of rate cuts as well as the upcoming CPI and PPI reports.

By Makini Brice

By Raphael Satter

Survival of the Thickest" for a second season, starring and executive produced by Michelle Buteau. The streaming giant has also ordered a second comedy special featuring the actor.

Yotel is in advanced discussions and is evaluating opportunities to hopefully sign its maiden hotel project in India this year, said its chief executive Hubert Viriot. In an interview to ET, he said, “The population density, the growth in domestic and international travel are factors that are conducive for us to be successful in India. Apart from looking at specific projects, we are also in advanced discussions with a number of groups for potential partnerships here. I am quite confident that we should succeed this year, and that we should be able to announce our first partnership here this year.” Yotel has hotels around airports and city centres in markets such as Singapore, London, New York, Istanbul, San Francisco, Washington DC and Paris. Backed by the Al-Bahar Group and Starwood Capital Group, it works with private equity funds, pension funds and real estate developers to build hotels that it claims are designed for 'Generation Go' or young professionals on the move.

After the U.S. dropped a broad array of sanctions against Venezuela in October, it warned that it could reimpose all of them, except one. The White House admitted that its ban on buying Venezuelan bonds was a failure that had potentially benefited enemies of the U.S.

When the World Trade Organization meets this month in Abu Dhabi, will anyone from the Biden Administration stand up for U.S. economic interests? It’s a fair question now that Federal Trade Commission Chair Lina Khan and leftwing groups are hijacking U.S. trade policy.

Inflation may have fallen below a 3% annual rate last month, which would be the lowest level in nearly three years and a potentially significant milestone as the Biden administration seeks to bolster Americans’ views of the economy before the November ...

Just a quarter of business economists and analysts expect the United States to fall into recession this year

Trump 's claim that he once told a NATO ally that he would encourage Russia «to do whatever the hell they want» to «delinquent» members of the group sent shockwaves through Europe over the weekend. But in Washington, most Republicans downplayed or defended remarks that seemed to invite Russian aggression.

KL Rahul, whose availability for the remaining three Tests was subject to fitness, has been ruled out of the third Test against England in Rajkot. Rahul has reached 90 per cent of match fitness and is progressing well under the supervision of the BCCI Medical Team. He will continue his recovery process at the National Cricket Academy (NCA) in Bengaluru to be completely match-fit for the fourth and fifth Test.

WASHINGTON (Reuters) — The chair of the Senate Judiciary Committee on Monday asked the CEOs of American Airlines (NASDAQ:AAL), United Airlines, Visa (NYSE:V) and Mastercard (NYSE:MA) to testify at an April 9 hearing on credit card competition, according to letters seen by Reuters.

By Richard Cowan and Patricia Zengerle