by Sarah Serota | Jan 16, 2025 | Business, Featured
WASHINGTON–Treasury Secretary nominee Scott Bessent started his confirmation hearing testimony Thursday by recounting growing up with financial hardships in Little River, South Carolina. “My life has been an only-in-America story that I am determined to preserve for...
by Sarah Serota | Jan 14, 2025 | Business, Featured
WASHINGTON – With the clock ticking down on the Tax Cuts and Jobs Act, House Republicans in the Ways and Means Committee doubled down Tuesday on demanding a permanent extension of the tax cuts. “As of today, we have only 142 legislative days before taxes will go up...
by Heather Zhu | Dec 12, 2024 | Business, Featured
As President-elect Donald Trump’s administration takes shape, the Federal Trade Commission (FTC) is set for a transformative period under newly nominated Chair Andrew Ferguson. This transition follows the departure of Lina Khan as head of the agency, whose tenure as...
by Ananya Chag | Dec 10, 2024 | Business, Featured
Cryptocurrency enthusiasts had reasons to celebrate Wednesday after President-elect Donald Trump tapped crypto advocate Paul Atkins for Securities and Exchange Commission chair—but his approach stops short of offering the industry a free pass. Atkins serves as...
by Sarah Lin | Dec 10, 2024 | Business, Education, Featured
For its 200 million weekly active users worldwide, ChatGPT is an invention of convenience. In seconds, the tool can offload hours of menial work in coding, writing and studying, just a few of the product’s many applications. But as the company behind ChatGPT, OpenAI,...
by Raj Ghanekar | Dec 10, 2024 | Business, Featured
WASHINGTON– Supreme Court justices appeared split over whether to uphold a federal mail and wire fraud conviction Monday, questioning a Pennsylvania-based construction business’ misrepresentations in using federal funding. Stamatios “Tom” Kousisis and his company...
by Heather Zhu | Nov 21, 2024 | Business, Featured, Politics
WASHINGTON – Michael Barr, Vice Chair of the Federal Reserve, reaffirmed his intent to serve his full term during a heated House Financial Services Committee hearing on Wednesday. The session was marked by Republican criticism of Biden-era financial regulations and...
by Hannah Webster | Nov 19, 2024 | Business, Featured
WASHINGTON – A bipartisan group of senators grilled Visa and Mastercard executives in a Judiciary Committee hearing Tuesday, revitalizing Washington’s efforts to inject competition into the credit card industry. Retailers pay a fee when consumers make a purchase with...
by Ananya Chag and Heather Zhu | Nov 13, 2024 | Business, Featured, Supreme Court, Topics
WASHINGTON — The Supreme Court raised concerns Wednesday about the technical complexities required to issue a ruling on a securities lawsuit against Nvidia Corp. and CEO Jensen Huang for allegedly misleading investors on its cryptocurrency sales ahead of a crash....
by Heather Zhu | Nov 7, 2024 | Business, Featured
WASHINGTON – The Federal Reserve cut interest rates by 0.25% at its Nov. 7 meeting, with Federal Reserve Chair Jerome Powell underscoring the central bank’s commitment to its dual mandate and reinforcing its independence in response to potential political pressures...
by Ananya Chag | Nov 6, 2024 | Business, Campaign 2024, Featured
WASHINGTON – U.S. stock futures soared to record highs Wednesday in response to Donald Trump’s win in the battle against Vice President Kamala Harris for president. The Dow Jones Industrial Average rose 3.4%, or around 1,430 points, around 1:50 pm EST, notching...
by Hannah Webster | Nov 6, 2024 | Business, Featured
WASHINGTON – The Supreme Court appeared skeptical that companies should be required to include past events in their risk disclosure statements during oral arguments for Facebook, Inc. v. Amalgamated Bank Wednesday. The case considers whether a risk disclosure is...
