Biden Stands Firm On D.C. Police Reform, Threatens Veto Of GOP Bill
The local law, passed by the District of Columbia council over the objections of the city's police union, is set to go into effect this May.
Manchin Threatens To Sue US Treasury Over EV Tax Credit Rules
The Senate Energy Committee Chair said he is most concerned about how Treasury will classify processing and manufacturing in determining eligibility for $7,500 EV tax credits.
Tesla Misses Big On Solar-roof Installation Targets - Wood Mackenzie
Tesla's average installations per week were just 21 in 2022 and its best quarter saw 32 systems installed per week.
Wall St Gains As Bank Fears Fade, Focus On Inflation Data
Wall Street's main indexes climbed on Thursday as fears of a banking crisis eased, with rate-sensitive realty and technology stocks leading gains ahead of key inflation data that could shape the Federal Reserve's policy path.
Meta Rolls Out Long-sought Tools To Separate Ads From Harmful Content
Meta Platforms Inc said on Thursday it is now rolling out a long-promised system for advertisers to determine where their ads are shown, responding to their demands to distance their marketing from controversial posts on Facebook and Instagram.
New York Catches Up With London To Head City's Global Centres Survey
London is no longer the clear leader among global financial centres after New York rose from second place to level peg with the British capital as more companies list in the United States, the City of London Corporation's said on Thursday.
Kentucky Lawmakers Override Governor's Veto Of Transgender Bill
Republican lawmakers in Kentucky on Wednesday overturned the governor's veto of a bill to ban transgender youths from gender-affirming healthcare and restrict which toilets they use in public schools, voting in line with a national conservative-led movement.
Oil Steadies As U.S. Crude Draw Offset By Russian Supplies, Stronger Dollar
Oil steadied in early Asian trade on Thursday as a surprise draw in U.S.
White House: Republican Inaction On Guns 'Unacceptable'
The White House made an emotional plea on Wednesday for Republican action to curb mass shootings, criticizing conservative lawmakers for saying nothing can be done after the nation's latest high-profile mass shooting at a school in Tennessee this week.
Wall St Regulator Seeks Budget Boost, Cites Market Growth, Misconduct Risk
In the last seven years, average daily trading on stock markets has more than doubled to 77 million transactions.
Nashville Shooting Triggers Renewed Calls for Enhanced School Security Measures
On Monday, a 28-year-old former student entered the stately stone school building by shooting the glass out of several doors and killed three 9-year-old students and three adults before police ended the attack.
Exclusive-Ex-CEO Of Binance's US Firm Has Enlisted Lawyer For US Investigations
Catherine Coley, who launched Binance.US in 2019 and left suddenly two years later, is being advised by James McDonald, now a partner at New York law firm Sullivan & Cromwell, the person said.
Investors Pull $1.6 Billion From Binance After CFTC Lawsuit
Investors withdrew $1.6 billion of cryptocurrency from crypto exchange Binance since it was sued by the U.S. CFTC on Monday, blockchain data tracker Nansen said on Wednesday.
US Consumer Finance Chief Calls For Better Risk Management At Banks, Fintechs
The recent failures of mid-size U.S. lenders show the need for more robust risk management at banks and fintechs, along with improved regulation, the head of the top consumer financial watchdog agency said on Tuesday.
Cryptoverse: Buoyant Bitcoin's Losing Its Liquidity
Bullish bitcoin has been a surprise winner of the banking blowout.
Oil Prices Little Changed; Supply Concerns, Banking Crisis In Focus
By Laura SanicolaCrude prices moved in a narrow range in early Asian trade on Tuesday after rallying in the previous session, with oil markets focused on developments in the banking crisis as well as on supply concerns and indications of strengthening demand.
Berkshire Hathaway Stake In Occidental Petroleum Rises To 23.6%
Warren Buffett's Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 million additional shares.
U.S. Banking Regulator Has Begun Misconduct Probes In Signature, SVB Failures
A U.S. banking regulator is investigating potential misconduct on the part of executives and others involved in the failures of Silicon Valley Bank and Signature Bank.
Russia Warns Armenia Against Allying With ICC After Putin Arrest Warrant - RIA
Russia has warned Armenia of "serious consequences" if it submits to the jurisdiction of the International Criminal Court (ICC) which has issued an arrest warrant for President Vladimir Putin, the RIA news agency reported on Monday.
US Will Not Back Off Syria Mission Despite Deadly Attacks -White House
The United States will not back away from its nearly eight-year-old deployment to Syria, where it is battling the remnants of Islamic State, despite attacks on U.S.
US Banking Concerns Shift From Crisis To Growth Woes
After the collapse of two U.S. banks and record outflows from smaller lenders, the banking industry is shifting its concern from an immediate crisis to a medium-term worry: economic growth.
Fed's Barr Says Regulators Committed To Ensuring 'All Deposits' Are Safe
Fed Vice Chair for Supervision Michael Barr said SVB's collapse was a "textbook case of mismanagement," citing the firm's concentrated business model and exceedingly fast growth.
Trump Grand Jury Into Porn Star Payment To Reconvene On Monday, Source Says
A Manhattan grand jury hearing evidence about former President Donald Trump's role in a hush-money payment to porn star Stormy Daniels was expected to reconvene on Monday, a law enforcement source said.
Georgia Prosecutors Ordered To Respond To Trump's Effort To Quash Grand Jury Report
Last week Trump filed a motion to quash the final report, excerpts of which were made public. The motion also sought to disqualify Willis' office from further probing the alleged interference.
Oil Prices Climb In Relief Rally As Banking Concerns Ease
Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.
Ukraine Says Bakhmut Situation Is Stabilising, Putin Plays Down Tank Shortage
Ukrainian forces have managed to blunt Russia's offensive in and around the embattled eastern city of Bakhmut, where the situation is stabilising, commander in chief General Valery Zaluzhniy said on Saturday.
Analysis-Banking Woes, Fed Keep Investors On Edge In Nervous U.S. Stock Market
Investors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal Reserve's tightening will ripple through the economy.
Rhetoric Over US Debt Limit Boils Over As Republicans, Democrats Joust
Partisan sniping over raising U.S. borrowing authority ratcheted up on Friday when House of Representatives Speaker Kevin McCarthy accused President Joe Biden of ignoring the issue.
Block Shares Extend Losses As Hindenburg Report Weighs
Shares of Twitter co-founder Jack Dorsey's Block Inc fell 4% in morning trading on Friday, a day after the payments firm's Cash App business became the latest target of U.S. short seller Hindenburg Research.
Fed's Bullard: "Swift" US Response To Bank Stress Keeps Rate Focus On Inflation
The response of U.S. regulators to recent bank stress was strong and fast enough to contain the damage and let Federal Reserve interest rate policy continue to focus on lowering inflation, St.