Washington Financial News

Providing access to the private capital market for ordinary investors while protecting them from the potential harm posed by risky unregistered securities will be a tough balancing act for the SEC, a discussion Wednesday at the regulator's Washington headquarters indicated.

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates

In Colorado, President Joe Biden has said Rep_ Lauren Boebert was wrong to describe his policies as “a massive failure."

Shrugging off higher interest rates, America’s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government said in an upgrade from its previous estimate

Conservative Supreme Court justices seem open to a challenge to how the Securities and Exchange Commission fights fraud, in a case that could have far-reaching effects on other regulatory agencies

WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on a virtual currency mixer the Treasury Department said has processed millions of dollars worth of cryptocurrency from major heists carried out by North Korea-linked hackers.

NASA highlights the growing level of cooperation between the US and India in outer space. The potential partnerships could also involve Indian commercial entities, India’s Department of Space said in a statement Wednesday. NASA Administrator Bill Nelson is visiting several locations in India this week, including Bengaluru-based facilities that are testing and integrating spacecraft for a joint US-Indian Earth-observing mission scheduled for launch in 2024.

WASHINGTON (Reuters) — The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned as higher borrowing costs curb hiring and spending.

By now, hearing “NFT” in any context evokes some sort of reaction — good or bad. Some may be immediately thrust back to the spring of 2021 when digital artist Beeple sold an NFT of his original artwork for $69 million. Others might remember Peter Davidson’s singing “What the hell’s an NFT?” on Saturday Night Live. But for others, it’s less about novelty and more about utility.  

With central banks having hiked interest rates at breakneck speed and those rates likely to stay higher for longer while the lagged effects set in, the macroeconomic outlook for 2024 is far from clear.

Bitcoin climbed back above $38,000 on Tuesday amid optimism the US central bank may be closer to lowering borrowing costs if inflation continues to decline. The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422 on Friday. Lower rates generally increase investors’ appetite for riskier assets such as digital tokens. “As rates reverse, investors will return to risk assets in search of better returns,” said Michael Safai, partner at quantitative trading firm Dexterity Capital. “This, coupled with the momentum that crypto has built in recent months with ETFs and putting FTX in the rear-view mirror, has traders feeling like the conditions for a new bull run are coming together.” Federal Reserve Governor Christopher Waller said he’s encouraged by a recent slowing of economic activity, which may indicate the central bank’s policy is tight enough. He made the comments as part of prepared remarks Tuesday for an event at the American Enterprise Institute in Washington.

A key Federal Reserve official raised the possibility that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily

By Jason Lange and Rodrigo Campos

By Howard Schneider and Ann Saphir

SpaceX's Falcon 9 rocket had been scheduled to take place at California's Vandenberg Air Force Base in the United States. The South Korean Defence Ministry said in a brief statement on Tuesday the launch was delayed due to weather conditions. Ministry officials said the launch was tentatively rescheduled for this Saturday but it wasn't a fixed date.

Mayors, governors and others have been forceful advocates for newly arrived migrants seeking shelter and work permits

Argentine President-elect Javier Milei is getting a meeting with a top Biden aide

President Joe Biden has opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration is working to lower costs for U.S. families

India at the Barsapara Stadium in Guwahati, Australia have made a number of changes to their squad, giving much-needed rest to many of the players from the World Cup-winning side and giving opportunities to fresh faces. According to CricketAustralia.com.au, veteran batter Steve Smith and spinner Adam Zampa have already flown home to Australia ahead of the match in Guwahati, while other stars of the World Cup squad including Glenn Maxwell, Marcus Stoinis, Josh Inglis and Sean Abbott will fly home tomorrow.

Broadcom Chief Executive Hock Tan shelled out $40,000 to sit at Xi Jinping’s table for the Chinese leader’s recent dinner in San Francisco with the heads of American businesses. Tan had a lot more at stake—a $69 billion deal he was waiting on China to approve. For months, Chinese regulators wouldn’t clear the U.S.

By Raphael Satter and Diane Bartz