Washington Financial News

Vice President Teodorin “Teddy" Nguema Obiang was in a mood for payback. The Obiangs have run the oil-rich Central African country of Equatorial Guinea like a family ATM since 1979, accumulating mansions in Paris and Malibu, Ferraris and Bugattis, and at least three superyachts, according to court documents. And now a South African court was seizing Nguema Obiang’s two high-end Cape Town villas and the Blue Shadow, the yacht that carries his jet-ski collection while he vacations on one of the other two.

Donald Trump accused Democratic rival President Joe Biden of running a "Gestapo administration" in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by U.S. media outlets. Trump, whose own rhetoric has drawn accusations of fascist tendencies from civil rights groups and other critics, made the comparison with the Nazi police in Germany's World War Two regime at a donor retreat Saturday night at his Mar-a-Lago resort in Palm Beach, Florida.

hush money criminal trial, former President Donald Trump talks about how he can't talk about the case. A gag order bars Trump from commenting publicly on witnesses, jurors and some others connected to the matter. The New York judge already has found that Trump, the presumptive Republican nominee for president, repeatedly violated the order, fined him $9,000 and warning that jail could follow if he doesn't comply.

The government and Google are making their closing arguments in a high-stakes antitrust trial to a federal judge in Washington who must now decide whether the tech giant’s search engine constitutes an illegal monopoly

Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy

Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters’ union failed to deliver an agreement on ...

The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market

Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, which starts in France on Monday

WASHINGTON—U.S. District Judge Amit Mehta heard two days of closing arguments last week in the government’s landmark antitrust case against Google. Mehta lobbed skeptical questions toward lawyers for both sides, along the way dropping hints about how he’ll rule when he hands down his long-awaited written decision.

protesters who refused to remove tents from campus, and demonstrators at the University of Michigan chanted anti-war messages and waved flags during commencement ceremonies. In Virginia, student demonstrators began their protest on a lawn outside the school chapel Tuesday. On Saturday, video from WVAW-TV showed police wearing heavy gear and holding shields lined up on the campus in Charlottesville. Protesters chanted «Free Palestine,» and university police said on the social platform X that an «unlawful assembly» had been declared in the area. As police moved in, students were pushed to the ground, pulled by their arms and sprayed with a chemical irritant, Laura Goldblatt, an assistant professor of English and global studies who has been helping student demonstrators, told The Washington Post.

The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers

One of the reasons why our economy's growing is because of you and many others. Why? Because we welcome immigrants," Joe Biden said at a Washington fundraising event, adding, “Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic.

Because we welcome immigrants," Joe Biden said at a Washington fundraising event, adding, “Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic. They don't want immigrants. Immigrants are what makes us strong," Joe Biden said.

Google and the US Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the «future of the internet.» US District Judge Amit Mehta in Washington for hours grilled both sides with questions, probing whether competitive platforms such as ByteDance's TikTok and Meta's Facebook and Instagram are competitive substitutes for search advertising dollars.

Hamas has officially announced its intention to dispatch a delegation to Cairo in a bid to advance mediated negotiations. Leading the delegation will be Khalil al-Hayya, a prominent figure within the group, Al Jazeera reported. The statement released by Hamas reiterated the organisation's positive stance towards the proposed negotiations.

Invictus Games, which was initially set up by Prince Harry in 2014, claiming the event has “lost its original meaning", several reports suggested. The games were supposed to a route help support wounded, injured and sick service personnel and veterans.

Joanne Trattoria owner and Lady Gaga's father Joe Germanotta talks the economy and inflation, NYC crime and the state of small business in a wide-ranging interview on 'Mornings with Maria.'

Bond traders pulled forward expectations for the Federal Reserve’s first full interest-rate cut by a month to November ahead of a key US jobs report on Friday.

Student demonstrations spreading across U.S. campuses have drawn attention in Beijing, where comments by some officials and state media have conveyed sympathy for the protesters and criticism of what is seen as a U.S. double standard on protest crackdowns.

Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, as the Asian giant rebuilds its foreign relations after a prolonged absence during the Covid-19 pandemic. Xi will start the tour in Paris on Monday, meeting with French President Emmanuel Macron, who has been stressing the idea of European strategic autonomy from the U.S. On a visit to Beijing last year, Macron courted controversy by saying France would not necessarily always align with the U.S. in foreign policy, an apparent reference to American support for the self-governing republic of Taiwan, which China claims as its own territory to be annexed by force if necessary.

The judge overseeing a pivotal antitrust trial focused on whether Google is stifling competition and innovation has repeatedly indicated he believes it would be difficult for a formidable rival search engine to emerge