Washington Financial News
08.09 / 18:01
Fighting
Assurant
Remark
Fed Chair Powell vows to raise rates to fight inflation 'until the job is done'
Federal Reserve Chairman Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm.
08.09 / 17:11
UPS
Target
Remark
Watch Fed Chair Jerome Powell speak live in a Q&A at the Cato Institute
[The stream is slated to start at 9:10 a.m. ET. Please refresh the page if you do not see a player above at that time.]
08.09 / 15:59
Remark
CME
Fed’s Powell Set to Speak on Economic Outlook
Federal Reserve Chairman Jerome Powell is set to speak Thursday morning in a moderated discussion at a Washington, D.C., think tank, his last scheduled public remarks before the Fed’s next policy meeting, Sept. 20-21.
08.09 / 12:37
European Union
Ukraine war: Zelenskyy claims progress in counter-offensive against Russians
Ukraine has claimed to be making progress in its counter-offensive in the eastern regions of the country.
07.09 / 22:11
UPS
Target
Digital
Action
New Fed banking chief targeting crypto and climate change as top priorities
The Federal Reserve's new banking regulator outlined a broad agenda in a speech Wednesday that pushed for action on stablecoins, climate change preparations and both the safety and fairness of the finance industry.
07.09 / 07:21
Blockchain
Ethereum
Ethereum 2.0
Bitcoin
Mainstream media on the Merge: Risky move or climate nirvana?
Mainstream outlets are starting to pick up on the significance of next week’s Ethereum Merge, describing it as a “major overhaul” that could either accelerate crypto adoption or send disastrous shockwaves across the market should it fail.
06.09 / 16:39
Leases
Federal Oil Leases Slow to a Trickle Under Biden
WASHINGTON—The Biden administration has leased fewer acres for oil-and-gas drilling offshore and on federal land than any other administration in its early stages dating back to the end of World War II, according to a Wall Street Journal analysis.
06.09 / 16:39
UPS
Manufacturing
Commerce Secretary Embraces a Beefier Industrial Policy to Combat China and Russia
WASHINGTON—As a $52 billion bill to bolster semiconductor manufacturing in the U.S. approached a critical juncture, Commerce Secretary Gina Raimondo reached out to some unusual figures to cultivate support in Congress: former Trump administration national security officials.
03.09 / 22:21
Midterm Elections to Decide Fate of Biden’s Tax Agenda
WASHINGTON—President Biden’s tax agenda would be stopped in its tracks if Republicans seize control of the House or Senate, shifting attention to what will happen when major pieces of the tax code expire in the coming years.
03.09 / 22:21
Discover
IRS Says It Exposed Some Confidential Taxpayer Data on Website
WASHINGTON—The Internal Revenue Service inadvertently posted what is normally confidential information involving about 120,000 individuals before discovering the error and removing the data from its website, officials said Friday.
02.09 / 08:23
business
Adoption
Binance
CZ hits back at claims Binance is a Chinese company
Binance CEO Changpeng Zhao (CZ) has hit back at critics and conspiracy theorists who claim Binance to be a Chinese-based “criminal entity” that “secretly [belongs] in the pocket of the Chinese government.”
02.09 / 02:47
Provident
Cooper
Review of Federal Home-Loan Banks Is Planned
WASHINGTON—The U.S. government is eyeing a potential revamp for the Federal Home Loan Banks, a nearly $1 trillion network of government-chartered cooperatives that provide cheap funding to thousands of banks.
01.09 / 21:55
U.K. Commits to Plan to Cap Price of Russian Oil
WASHINGTON—The British Treasury chief said the U.K. was committed to a U.S.-led effort to put a cap on the price of Russian oil as a top Russian official said the country would refuse to sell oil at a capped price.
01.09 / 10:39
01.09 / 09:32
Software
MicroStrategy
fraud case
MicroStrategy’s Michael Saylor faces tax fraud case in Washington
The District of Columbia attorney general sued Michael Saylor, the founder and chairman of software intelligence firm MicroStrategy, alleging he dodged more than $25m in district taxes.
01.09 / 08:57
Ethereum
Report
Bitcoin
CoinGecko reveals the US state most interested in Bitcoin and Ethereum
The Golden State of California may be America's most inquisitive state about Bitcoin (BTC) and Ethereum (ETH), new data from CoinGecko has revealed.
31.08 / 21:45
Law
regulation
Bitcoin
tax evasion
DC Attorney General sues Michael Saylor and MicroStrategy for tax evasion
Karl Racine, Attorney General for the District of Columbia in the United States, has announced that his office will be suing business intelligence firm MicroStrategy and its co-founder Michael Saylor for charges related to tax evasion.
30.08 / 22:17
30.08 / 16:35
Biden Still Undecided on Chinese Tariffs, Commerce Secretary Says
WASHINGTON—President Biden remains undecided about easing tariffs on Chinese imports, as he weighs the possible impact on inflation against the impact on American workers, Commerce Secretary Gina Raimondo said.
30.08 / 10:33
29.08 / 16:19
Fed Plans 2023 Launch of Long-Anticipated Faster Payments System
WASHINGTON—The Federal Reserve is set to launch a long-awaited faster payments system next year, a step that officials say will modernize an outmoded infrastructure and ensure that near-instant payments become widely available.
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