Washington Financial News

04.02 / 20:13

Manufacturing Solar Biden Extends Trump’s Solar Tariffs, but Allows More Solar Cells to Enter Duty-Free

WASHINGTON—The Biden administration said Friday it would extend a set of tariffs on solar-energy imports for four years, but significantly reduce their scope by doubling the amount of solar cells that can enter the U.S. without facing any levies.

04.02 / 20:01

Blockchain Ethereum cryptocurrency Money Second-biggest crypto hack attacks Wormhole bridge. Can we trust DeFi blockchain technology?

The second-largest decentralised finance (DeFi) hack occurred this week in an attack that swiped $320 million (€279 million), or 120,000 Ether, highlighting the growing trend of attacks on cryptocurrency platforms and concerns over security.

04.02 / 14:37

House Expected to Pass $350 Billion Bill to Help U.S. Compete Globally

WASHINGTON—The House is poised Friday to approve a sprawling $350 billion initiative to boost U.S. competitiveness with China and other rivals, but differences with the Senate signal struggles ahead in reaching a compromise.

04.02 / 11:11

Q4 Carlyle Carlyle Group’s real-estate business leads the way in strong Q4

Carlyle Group reported a big jump in fourth-quarter earnings, driven by strong investment performance in some of its businesses and an upswing in fee-related revenue.

04.02 / 00:53

Television Ukraine crisis: US accuses Russia of forming fake plot as invasion pretext

The United States has accused Russia of fabricating an attack by Ukrainian forces as a pretext to invade.

03.02 / 20:51

Government IRS Taxes lawmakers US lawmakers US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200.

03.02 / 17:27

Deal businesses tax breaks Global Tax Deal Would Undercut U.S. Tax Breaks, Businesses Warn

WASHINGTON—The emerging global minimum-tax agreement would make domestic tax breaks less valuable for some U.S.-based companies, potentially limiting the effectiveness of incentives for research, exports and low-income housing, businesses are warning.

03.02 / 13:39

Raskin Faces Senate Questions Over Views on Climate Change, Regulations

WASHINGTON—Sarah Bloom Raskin, President Biden’s nominee to become the government’s top bank regulator, goes to Capitol Hill on Thursday to face lawmakers’ questions about her support for tougher banking rules and for using financial regulation to address climate change—positions cheered by Democrats but criticized by Republicans.

03.02 / 12:01

Target Digital Ripple Key lawsuit set to test SEC’s push into crypto regulation

The booming cryptocurrency sector’s complaints that Washington has gone too far in cracking down on its unregulated products are getting tested in a key lawsuit targeting Ripple Labs and its digital coin, XRP.

02.02 / 22:07

UPS Sarah Bloom Raskin Faces Senate Questions Over Climate Views

WASHINGTON—Sarah Bloom Raskin, President Biden’s pick to become the government’s most influential bank regulator, could face a contentious hearing on Thursday when she testifies before Senate lawmakers, a key hurdle for confirmation.

02.02 / 18:41

Art European Union News US to bolster NATO positions in Europe with additional 3,000 troops

The United States is sending an additional 2,000 troops to Europe and redeploying 1,000 already stationed in Germany to bolster the security of its NATO allies.

02.02 / 05:03

National Time U.S. National Debt Exceeds $30 Trillion for First Time

WASHINGTON—The U.S. national debt exceeded $30 trillion for the first time, reflecting increased federal borrowing during the coronavirus pandemic.

01.02 / 18:35

Target Digital Ripple Key lawsuit set to test SEC’s push into crypto regulation

31.01 / 14:07

Career Fed Nominee Has Focused His Research on Monetary Policy and Poverty

WASHINGTON—Economist Philip Jefferson has called on the Federal Reserve to more closely consider how its policies shape the economic well-being of different groups of Americans. If confirmed for a seat on the central bank’s board, he may soon prod it to do so as it prepares to raise interest rates to combat inflation.

31.01 / 13:25

Target Senate Nears Completion of Measures Targeting Russian Economy in Event of Ukraine Invasion

WASHINGTON—Bipartisan legislation aimed at striking the Russian economy if President Vladimir Putin invades Ukraine is nearing completion in the U.S. Senate, key senators said Sunday.

28.01 / 21:03

Art Kyiv 'Don't panic', Ukraine's Zelenskyy tells West amid fears of Russian invasion

Ukraine's President Volodymyr Zelenskyy has called on the West to remain calm over the tensions with Russia, in spite of the suspicions that it plans to invade his country.

28.01 / 20:25

Target Action Strategy Biden Sanctions Plan Targets Russian Banks, Companies and Imports If Ukraine Is Attacked

WASHINGTON—The Biden administration is narrowing its targets for a barrage of economic sanctions against Russia if it attacks Ukraine—hitting major Russian banks, state companies and needed imports, though the strategy faces obstacles that have hindered previous pressure campaigns.

28.01 / 20:25

UPS Progressive Chamber of Commerce Raises Concerns Over Fed Nominee Raskin

WASHINGTON—The U.S. Chamber of Commerce, one of Washington’s largest business groups, is raising concerns about Sarah Bloom Raskin, President Biden’s nominee to become the government’s top banking supervisor, after her calls for regulators to speed up the transition from fossil fuels.

28.01 / 13:33

UPS IPO Shell IPOs China's new rules on overseas IPOs will apply to Hong Kong, securities regulator says

BEIJING — China's forthcoming rules on overseas IPOs will apply to Chinese companies that want to list in Hong Kong, the China Securities Regulatory Commission told CNBC on Friday.

28.01 / 13:05

Stocks market RIG US judge rejects case against Deutsche Bank traders found guilty of Libor rigging

WASHINGTON — A federal appeals court reversed the convictions of two former Deutsche Bank traders found guilty of rigging a global lending benchmark, overturning one of the US government’s highest-profile court victories linked to the 2008 financial crisis.

28.01 / 05:09

regulation policies Executive executive order White House reportedly preparing executive order on crypto

Joe Biden’s White House is expected to issue an executive order in the coming weeks about actions the U.S. government will take regarding digital assets.

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