Washington Financial News

By Pete Schroeder

By Nate Raymond and David Shepardson

WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to its highest level in more than 22 years.

Brett Goldstein is embarking on his highly anticipated inaugural live standup tour across North America. Titled the «Second Best Night of Your Life Tour,» the British performer promises to deliver an unforgettable evening of laughter and entertainment. With his exceptional comedic timing and captivating storytelling, Goldstein has already gained significant recognition in the comedy circuit. Now, he is ready to delight fans across America with his wit and humour.

WASHINGTON—Federal regulators want to impose new guardrails on the way retail investment firms such as Robinhood Markets use advanced analytics to encourage customers to trade, the latest in a series of policy efforts prompted by the 2021 meme-stock craze. The Securities and Exchange Commission plans to propose a rule Wednesday that would hold algorithms that predict, guide or forecast investors’ behavior, in certain cases, to a similar standard as investment advice. It would require brokers and advisers who deploy such tools to “neutralize or eliminate" conflicts of interest they create.

UFO excitement is spreading in Washington D.C. ahead of the landmark Congressional hearing on the U.S. government's knowledge of extraterrestrial life and UFOs. Enthusiasts preparing for the event with online watch parties, and some are even planning to line up outside Congress, hoping to attend the hearing in person. For those who cannot be present, the House Oversight and Accountability Committee is being live streamed the hearing on YouTube, starting at 10 a.m. EDT (1400 GMT) on Wednesday (July 26). The House's Subcommittee on National Security, the Border, and Foreign Affairs is conducting the hearing, featuring testimonies from former U.S. military and intelligence community members. These individuals assert having encountered crafts that defy known flight capabilities and physics, and some claim to have witnessed evidence of «non-human intelligence.»

WASHINGTON (Reuters) — U.S. Treasury Undersecretary Jay Shambaugh said on Wednesday the Biden administration will not hesitate to take targeted actions against China to secure the national security interests of the U.S. and its allies and to protect human rights, but added that the two countries must cooperate on global challenges.

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin Am...

Saudi Arabia aims to become the “ultimate global hub” of the $180 billion-a-year video game industry

Even after inflation has steadily eased this year, the Federal Reserve’s policymakers still think prices are rising too fast and are almost certain to lift their key interest rate by a quarter-point on Wednesday

By Howard Schneider

By Michael Martina and David Brunnstrom

By Leika Kihara and Andrea Shalal

non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season, which constitutes about 25% of the total rice export of the country. In an official statement, the food ministry said there would be no change in the export policy of par-boiled non-basmati rice and basmati rice, which forms the bulk of exports, according to a report published by the news agency PTI. Addressing a press conference, Pierre-Olivier Gourinchas, Chief Economist of IMF said that these types of restrictions are likely to exacerbate volatility in food prices in the rest of the world.

Professional services giant Deloitte is set to boost its clients’ blockchain-tracking capabilities following a strategic alliance with crypto analytics firm Chainalysis.

By Patricia Zengerle

U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates

The International Monetary Fund is projecting that global economic growth will see a slight improvement compared to its previous projections but cautions that many challenges still cloud the horizon

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin Am...

Oklahoma's new Republican attorney general says he's stepping into an ongoing legal dispute over tribal gambling agreements signed by Gov. Kevin Stitt several years ago

The state of West Virginia is appealing a court ruling that temporarily blocked construction on a contentious natural gas pipeline