Washington Financial News

10.11 / 13:51

COST Reserve Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates

WASHINGTON—The Federal Reserve lifted interest rates by another 0.75 percentage point to combat inflation and signaled plans to keep raising them, possibly in smaller increments but to higher levels than previously anticipated.

10.11 / 01:35

Tax Court Strikes Down IRS Rules on Land-Conservation Deals

WASHINGTON—The U.S. Tax Court struck down IRS rules requiring taxpayers and promoters to disclose certain land-rights deals to tax authorities, damaging a high-profile agency enforcement initiative.

09.11 / 22:35

Elevated Inflation Presents Risk to U.S. Economy, Fed Report Finds

WASHINGTON—Elevated and persistent inflation is among the greatest near-term risks to the U.S. economy and financial system, the Federal Reserve said, while also warning about rising friction in trading of U.S. government debt.

09.11 / 22:35

Provident guidance U.S. Treasury Issues New Guidance on Russian Oil-Price Cap in Bid to Calm Markets

WASHINGTON—The Treasury Department said that ships loaded with Russian oil before Dec. 5 won’t be subjected to U.S.-led price cap on Russian oil, as Washington attempts to reassure anxious oil markets about its plan for new sanctions.

09.11 / 22:35

COST Reserve Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates

09.11 / 14:33

Digital U.S., Taiwan Kick Off Talks to Deepen Trade, Economic Ties

The U.S. and Taiwan began two days of face-to-face meetings in New York on Tuesday aimed at strengthening trade and economic ties at a time of ramped-up tensions between Washington and Beijing.

08.11 / 15:21

Carlyle’s net income slumps 47% as market turmoil bites

Carlyle Group reported 8 November that its third-quarter net income declined as a slump in publicly traded stocks hit the value of its private equity holdings.

07.11 / 23:21

Ripple SEC Court Here’s what you should know about the upcoming US midterms: Law Decoded, Oct. 31–Nov. 7

The United States will go to the voting booths on Nov. 8 to decide the fate of all 435 members of the House of Representatives and 34 out of the 100 Senate seats. The outcome will decide the prevailing power balance in Washington and has the potential to affect the crypto industry. Perhaps that’s why 38% of eligible voters will consider candidates’ positions on crypto, according to a recent survey. Another survey suggests that crypto regulation is a bipartisan issue, with 87% of Democratic and 76% of Republican respondents saying they want clarity from the U.S. government on digital assets.

04.11 / 23:43

Elevated Inflation Presents Risk to U.S. Economy, Fed Report Finds

WASHINGTON—Elevated and persistent inflation is among the greatest near-term risks to the U.S. economic system, the Federal Reserve said, while also warning about rising friction in trading of U.S. government debt.

04.11 / 20:47

Climate change European Union School Despite diplomacy, Hungary & Turkey still blocking Sweden and Finland from NATO

In the corridors of power in Stockholm and Helsinki, the champagne is on ice.

04.11 / 16:47

COST Racing U.S., Allies Set Parameters for Price Cap on Russian Oil

WASHINGTON—The U.S. and its allies have reached agreement on which sales of Russian oil will be subject to a price cap, racing to flesh out the details of the major new sanctions program before it begins on Dec. 5.

03.11 / 15:55

COST Reserve Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates

03.11 / 15:43

Football Pakistan's former Prime Minister Imran Khan wounded in gun attack, one suspect killed

Pakistan's former Prime Minister Imran Khan was wounded together with some of his supporters after a gunman opened fire at a truck carrying him, a senior leader from his party and police said.

03.11 / 12:55

European Union Ukraine war Ukraine war: Russian top brass met to discuss using tactical nuclear weapons in Ukraine, US claims

Top Russian military brass held talks on when and how the Kremlin might use a tactical nuclear weapon in Ukraine, multiple US outlets reported, causing consternation amongst Kyiv's western allies.

02.11 / 16:33

SEC Strategy SEC Obtained Record $6.4 Billion in Monetary Sanctions in Past Fiscal Year

WASHINGTON—The Securities and Exchange Commission obtained record monetary sanctions in the latest fiscal year, as Chairman Gary Gensler focuses the agency’s enforcement strategy on high-profile cases and steep penalties for alleged misconduct.

01.11 / 19:45

Dogecoin Twitter Doge elon Dogecoin Price Prediction as DOGE Shoots Up 26%, Elon Musk Hints at Twitter Integration

Dogecoin price continues to see consecutive surges, now for the second week. After taking a hiatus at $0.1500, DOGE retreated slightly below $0.1200 before spiking again amid hints of its integration into Twitter.

01.11 / 17:59

COST UPS Biden Calls for Penalties on Oil-and-Gas Companies’ ‘Windfall’ Profits

WASHINGTON—President Biden called on Congress to penalize oil-and-gas companies if they don’t use their profits to help lower energy costs for consumers, ratcheting up his criticism of the fossil-fuel industry ahead of next week’s midterm elections.

01.11 / 16:07

Tether USDT Department Investigations Tether USDT Department of Justice Revamping Investigations into Tether USDT – Here’s What You Need to Know

The US Department of Justice has revamped a probe into whether Tether’s executives committed bank fraud in the early days of the stablecoin.

01.11 / 01:01

Provident guidance U.S. Treasury Issues New Guidance on Russian Oil-Price Cap in Bid to Calm Markets

30.10 / 12:45

Cash-Rich Consumers Could Mean Higher Interest Rates for Longer

Washington’s response to the pandemic left household and business finances in unusually strong shape, with higher savings buffers and lower interest expenses. It could also make the Federal Reserve’s job of taming high inflation more difficult.

28.10 / 23:11

UPS compliance IRS Says Tax Compliance Rising, but Hundreds of Billions Still Go Uncollected

WASHINGTON—Americans paid a greater share of the taxes they owe in recent years, according to new estimates from the Internal Revenue Service.

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