Washington Financial News

20.02 / 14:57

Sport Ukraine crisis: Belarus says joint drills with Russia to continue 'due to border tensions'

Belarus has announced that its joint military exercises with Russia, which were due to end on Sunday, will now continue because of the aggravated tensions in neighbouring Ukraine.

19.02 / 12:01

UPS IPO Platform Remark Some U.S.-listed Chinese stocks will need Beijing's approval to stay public in other overseas markets

BEIJING — If U.S. regulation forces Chinese companies to delist from New York, new rules from Beijing further complicates their path to raising money in public markets abroad.

18.02 / 18:11

UPS Biden Shifts Inflation Message to Show He Feels Americans’ Pain

WASHINGTON—President Biden is shifting his message on inflation to show he understands Americans’ economic woes, in the midst of mounting public frustration over rising prices and after pleas from worried Democrats to change his tune.

17.02 / 17:49

cryptocurrency European Union NATO NATO accuses Russia of trying to 'stage pretext' to invade Ukraine

Russia has been accused of trying to manufacture a fake reason to invade Ukraine.

17.02 / 13:59

Why Republicans Stalled Raskin’s Bid for Top Fed Post: Climate Views, Business Ties

WASHINGTON—Sarah Bloom Raskin, the Biden administration’s nominee for a top regulatory post at the Federal Reserve, is struggling to overcome resistance from Republicans on a Senate committee for which she once served as a lawyer.

17.02 / 11:35

Bitcoin Bukele Senators US Senators Call for El Salvador Bitcoin Adoption Probe, Bukele Responds with ‘OK Boomer’ Barb

Weeks after memeing the International Monetary Fund (IMF), El Salvador’s outspoken President Nayib Bukele has upped his Twitter game by responding “OK boomers” to a group of United States senators moving to block his bitcoin (BTC) adoption plans.

16.02 / 19:41

Government Taxes Colorado Colorado governor says he expects state to accept tax payments in crypto by summer

Jared Polis, the governor of Colorado, has announced that the state government plans to allow residents to pay taxes in cryptocurrencies as early as summer 2022.

16.02 / 18:43

COST Racing lawmakers Some Lawmakers Want to Halt Gas Tax Amid High Inflation. Others See a Gimmick

WASHINGTON—A push by some Senate Democrats to suspend the federal gasoline tax is running into opposition from both Republicans and other Democrats, presenting a challenge to the nascent attempt to reduce rising pump prices that have worried the White House.

16.02 / 17:31

Technology European Union safe EU gas supplies on 'safe side' for winter even if Russia cuts tap further, von der Leyen tells MEPs

European Commission chief Ursula von der Leyen said on Wednesday that gas supplies to the bloc are on the "safe side" for the remainder of the winter even if Russia further squeezes out deliveries.

16.02 / 17:15

Target Action 2020 Deal U.S. Faults China for Failing to Meet Purchase Targets Under 2020 Trade Deal

WASHINGTON—The Biden administration faulted China for failing to meet its commitments to purchase U.S. goods under the 2020 trade deal, and said it was prepared to take further action to level the competitive playing field with Beijing.

16.02 / 14:59

FIVE BLOCK Senate Republicans Block Vote on Biden’s Fed Nominees

WASHINGTON—Senate Republicans refused to attend a crucial committee vote on President Biden’s nominees to the Federal Reserve over a disagreement with Democrats on one of the candidates, delaying the confirmation of all five picks, including Chairman Jerome Powell.

16.02 / 14:13

Technology European Union NOT Watch: EU not 'missing in action' over Ukraine, Borrell tells MEPs

The EU's foreign affairs chief Josep Borrell has rejected claims that the bloc has been "missing in action" over the Russia-Ukraine crisis.

16.02 / 02:49

Biden Administration Seeking Additional $30 Billion for Covid-19 Response

WASHINGTON—The Biden administration told Congress it needs an additional $30 billion in coronavirus response aid, according to people familiar with the matter.

16.02 / 02:45

NASDAQ DOW Stock futures inch lower after major averages snap 3-day losing streak

U.S. stock index futures were slightly lower during overnight trading Tuesday, after registering gains on the session amid signs of tensions easing between Russia and Ukraine.

15.02 / 12:01

Bitfinex Legal Bitcoin bail Bitfinex Hack: Ilya Lichtenstein Remains in Federal Custody, Heather Morgan Released on Bail

A judge in Washington D.C., USA, denied bail to Ilya Lichtenstein while releasing his wife, Heather Morgan, from detention on bail.

15.02 / 02:07

rate hikes Manchin Pushes Democrats to Revisit Tax-Rate Hikes, Sinema Could Present a Roadblock

WASHINGTON—Democrats hoping to resurrect the party’s economic agenda are facing a problem: Sen. Joe Manchin’s goal for raising tax rates clashes with Sen. Kyrsten Sinema’s opposition to doing so.

14.02 / 16:41

Manufacturing ATV Industry Rift Exposes U.S. Divide on Chinese Tariffs

WASHINGTON—The U.S.-China trade conflict has spun off a side skirmish in the all-terrain vehicle industry, pitting a major U.S. manufacturer against retailers that sell Chinese versions of the popular off-road machines.

14.02 / 14:25

love Germany's Scholz demands urgent 'signs of de-escalation' from Moscow

German Chancellor Olaf Scholz demanded Moscow urgently show "signs of de-escalation" over the crisis at the Ukrainian border as he embarked on a two-day trip to Kyiv and Moscow.

11.02 / 19:53

business Blockchain Bitmain Bitcoin Standard Joint Venture Bitmain signs 500MW joint venture with sustainable BTC miner Merkle Standard

Beijing-based Bitmain has partnered with a United States-based sustainable Bitcoin miner, Merkle Standard, which will contribute capital investment, expertise and parts.

11.02 / 09:09

cryptocurrency CoinMarketCap coinbase Rug Pull 'Rug Pull' Warnings: Coinbase Removes 'How To Buy' Links For 3 Crypto Tokens

Coinbase features pages offering tips on investing in tokens.

11.02 / 01:57

Reserve Federal Reserve to Test Ability of Largest Banks to Weather Recession

WASHINGTON—The Federal Reserve said it would test the ability of the largest U.S. banks to weather a hypothetical recession in which markets deteriorate markedly and unemployment jumps above 10%.

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