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...
by Hannah Webster | Oct 29, 2024 | Business, Featured
WASHINGTON — Around 80 protesters gathered to criticize the World Bank and International Monetary Fund for climate and development policies on Friday. Representatives from various climate action groups met at Edward Murrow Park to hear from global advocacy leaders...
by Ananya Chag | Oct 23, 2024 | Business, Featured
WASHINGTON — The International Monetary Fund projected global public debt to exceed $100 trillion by the end of 2024 in its bi-annual Fiscal Monitor report, released Wednesday at the Annual Meetings of the World Bank and the IMF. “Public debt may be worse than it...
by Ananya Chag and Heather Zhu | Oct 22, 2024 | Business, Featured, Topics
WASHINGTON — Treasury Secretary Janet Yellen said that the U.S. is finalizing a $20 billion contribution to G7’s $50 billion loan to Ukraine in remarks on Tuesday. “We’re 99% of the way there,” Yellen said at a Treasury press conference, starting off the World Bank...
by Hannah Webster | Oct 22, 2024 | Business, Featured, Topics
WASHINGTON — The International Monetary Fund nudged its growth forecast for the United States upward Tuesday, amid steady economic growth and a global dip in inflation. The latest World Economic Outlook, released during the IMF annual meeting, projected the U.S....
by Ananya Chag and Heather Zhu | Oct 17, 2024 | Business, Featured
WASHINGTON — Treasury Secretary Janet Yellen emphasized the need for the U.S. to maintain healthy economic global relations and warned against former President Trump’s proposed tariffs on Thursday at the Council on Foreign Relations in New York. “Calls for walling...
by Caroline Killilea | Oct 15, 2024 | Business, Featured
WASHINGTON – Supreme Court Justices appeared receptive to broadening the scope of civil Racketeer Influenced and Corrupt Organizations (RICO) cases during oral arguments for Medical Marijuana, Inc. v. Horn on Tuesday. The justices seemed likely to side with Daniel...
by Hannah Webster | Oct 15, 2024 | Business, Featured
WASHINGTON — Federal Reserve Governor Christopher Waller credited the Shadow Open Market Committee for “[elevating] the public debate about monetary policy” and added to the consideration of monetary policy rules, in a keynote address at the group’s 50th anniversary...
