Washington Financial News

12.10 / 15:35

Biden Says Very Slight Recession Is Possible, but He Doesn’t Anticipate One

WASHINGTON—President Biden played down the likelihood of a recession during a television interview Tuesday, and said if there is one it would be “very slight.”

12.10 / 06:31

UPS Action IMF Warns of Growing Global Risks, Says U.K. Turmoil Largely Contained

WASHINGTON—Global central banks’ moves to quickly raise interest rates have fueled increased risks to the financial system, the International Monetary Fund warned Tuesday, while saying stability concerns bubbling up in the United Kingdom appear contained.

11.10 / 21:17

Provident Student Loan Forgiveness Application to Require Only Basic Data From Many Borrowers

WASHINGTON—Many borrowers will only have to provide the federal government with basic information, including their legal names, Social Security numbers and dates of birth, to apply for federal student loan relief through a new program set to launch later this month, Biden administration officials said.

11.10 / 17:43

regulation Tax Framework OECD Presents Crypto Tax Reporting Framework

The Organisation for Economic Co-operation and Development (OECD), an intergovernmental organization that seeks to stimulate economic progress, has published a global framework for crypto tax reporting.

11.10 / 12:57

cryptocurrency Provident cryptocurrency news Regulators Propose First Global Rules Before 'Crypto Winter' Thaw

Crypto winter" wiped $2 trillion off the sector, leaving investors nursing losses

11.10 / 02:07

Provident Most Nobel Laureates Develop Theories; Ben Bernanke Put His Into Practice

Critics sometimes ask what practical good economic theory has done. The Nobel Prize in Economic Sciences awarded to Ben Bernanke on Monday along with Douglas Diamond of the University of Chicago and Philip Dybvig of Washington University in St. Louis provides a rejoinder. The laureates independently developed the theoretical foundations for why banks exist and why bank panics hurt. Mr. Bernanke put those theories into practice when the stakes could scarcely have been higher: as Federal Reserve chairman during the global financial crisis of 2007-09.

10.10 / 21:45

Nobel Prize in Economics Winners Include Former Fed Chair Ben Bernanke

The Nobel Prize in Economic Sciences was awarded Monday to former Federal Reserve chief Ben Bernanke and two other U.S. academics whose work helped governments and central bankers navigate the global financial crisis and avoid an economic depression of the kind seen during the 1930s.

10.10 / 12:43

COST Fallout World’s Emergency-Lending Capacity Is Getting Stretched as Crises Deepen

WASHINGTON—Rapidly rising interest rates are squeezing the flow of private capital to the world’s poorest countries. The problem is that the preferred alternatives—the International Monetary Fund and World Bank—are getting quickly committed.

07.10 / 22:43

European Union Europe's energy crisis nuclear weapons Ukraine war: Kyiv and Washington clarify leaders' nuclear remarks to calm fears

Here are Friday's the main developments related to Russia's war in Ukraine.

07.10 / 07:49

AIM U.S. Takes Aim at OPEC for Oil Production Cuts

WASHINGTON—OPEC’s decision to slash oil production has the U.S. considering responses that could include measures aimed at breaking the cartel’s hold on markets or limiting U.S. oil exports should shortages emerge.

06.10 / 22:15

UPS Biden Weighs Options After OPEC+ Moves to Cut Oil Output

WASHINGTON—The decision by the Organization of the Petroleum Exporting Countries and its Russia-led allies to cut oil production has Washington looking at ways to hit back.

06.10 / 13:53

European Union Hungary and Turkey are the last two roadblocks to NATO membership for Finland and Sweden

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

04.10 / 16:57

tax breaks U.S. Electric-Vehicle Tax Breaks Rile Asian, European Allies

WASHINGTON–The U.S.’s new tax-break scheme for electric vehicles has drawn angry responses from the country’s key allies in Asia and Europe, highlighting a tension between government support for the domestic automobile industry and courting allies to counter China’s influence.

02.10 / 12:43

UPS Action Fighting WSJ Inflation Keeps the U.S. From Stepping In to Slow Dollar’s Rapid Rise

WASHINGTON—U.S. policy makers aren’t likely to take action to slow the dollar’s rapid rise despite rising risks of global financial turmoil, analysts say, largely because a strong greenback helps fight domestic inflation.

01.10 / 13:01

gay rights European Union Ukraine war: Russian troops 'encircled' as Ukraine 'poised to retake' Lyman, and other key stories

Ukraine has encircled thousands of Russian troops at the eastern town of Lyman, a bastion that is critical for Moscow, in an operation that is still under way, a Ukrainian military spokesperson said on Saturday.

30.09 / 21:51

MicroStrategy Lightning Network Bitcoin MicroStrategy takes its BTC maximalism to the next level with new engineer hire

MicroStrategy, the business intelligence and tech company that holds the world’s largest Bitcoin reserve, is hiring a Bitcoin Lightning software engineer to create a Lightning Network-based software-as-a-service platform.

30.09 / 21:29

Ukraine War Creates Worst Global Food Crisis Since 2008, IMF Says

WASHINGTON—Sharp rises in food and fertilizer prices caused by the war in Ukraine are creating the worst global food crisis since at least 2008, putting the lives and livelihood of 345 million people in immediate danger, the International Monetary Fund said Friday.

30.09 / 15:09

Cinema Ukraine war: Ukrainian forces 'partially surround' strategic city in the east

"At the moment, Lyman is partially surrounded," said Denis Pushilin, the Russian-installed governor in the Donetsk region.

29.09 / 09:39

Climate change Pipelines Leak Nord Stream leak: Russia and West trade blame over alleged sabotage of undersea gas pipelines

Russia and the West have traded blame over alleged sabotage that caused mysterious leaks on the Nord Stream gas pipelines.

29.09 / 06:51

Extreme Developing Countries Face Stiff Economic Headwinds, World Bank Chief Says

WASHINGTON—The head of the World Bank warned that developing nations face an extremely challenging near-term outlook, as the sharp slowdown in global growth raises the risks of a prolonged recession.

28.09 / 20:19

Progressive Apple Biogen Illumina Stocks making the biggest moves midday: Apple, Netflix, Biogen, Canopy Growth and more

Check out the companies making headlines in midday trading.

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