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...
by Ananya Chag and Hannah Webster | Oct 8, 2024 | Business, Campaign 2024, Featured
WASHINGTON – Former President Donald Trump is endorsing a new crypto venture, fortifying his support for digital currency, which has evolved into a key campaign stance. The decentralized finance platform, World Liberty Financial, is founded by longtime crypto...
by Heather Zhu | Oct 8, 2024 | Business, Featured
WASHINGTON – The U.S. Supreme Court heard oral arguments Monday in a case that could significantly impact when federal courts can retain jurisdiction over cases after plaintiffs amend their complaints to remove federal claims, with major implications for businesses...
by Hannah Webster | Oct 8, 2024 | Business, Featured, Topics
WASHINGTON – The U.S. economy added 254,000 jobs in September, the United States Bureau of Labor Statistics (BLS) reported Friday. The report dramatically surpassed economists’ projections; the Dow Jones consensus forecast, for instance, predicted a gain of only...
by Alicia Tang | Mar 27, 2024 | Business, Featured
WASHINGTON — “Money comes & goes, but I’ll never be in my 20’s again.” Meet the generation that has opened their wallets to this TikTok trend. They’d rather spend money now than invest for retirement or write monthly budgets. Generation Z demonstrates the lowest...
by Annastazia Ng'ambi | Mar 14, 2024 | Business, Featured
WASHINGTON — Sen. Bernie Sanders (I-Vt.) is calling on Congress to press for a 32-hour workweek without any loss in pay, noting that Americans are working longer hours than people of any other wealthy nation even with the advancement of technology. “Despite these long...
by Charlotte Ehrlich | Mar 12, 2024 | Business, Featured
WASHINGTON — President Biden boasted his administration’s infrastructure investments — with an emphasis on clean energy projects — in his State of the Union address to the nation Thursday evening. In his opening remarks about the economy, Biden noted his...
by Aidan Johnstone | Feb 28, 2024 | Business, Featured
WASHINGTON — Justices seemed poised to remand Coinbase, Inc. v. Suski to the Ninth Circuit Court – a case related to a $1.2 million Dogecoin giveaway in 2021. The lawsuit originated from a claim that Coinbase – a cryptocurrency exchange platform – did not...
by Rafaela Jinich | Feb 27, 2024 | Business, Featured
WASHINGTON – Supreme Court justices on Tuesday seemed skeptical of arguments that state laws can override national banking rules, but some did wonder whether the state policies did “significantly interfere” with a national law. New York is one of the 13 states with...
by Charlotte Ehrlich | Feb 20, 2024 | Business, Featured, Politics
WASHINGTON – The Supreme Court heard oral arguments Tuesday in a case involving commercial truckers that could expand the definition of transportation workers to include people who drive goods for companies that are not in the transportation sector. The case,...
by Alicia Tang | Feb 15, 2024 | Business, Featured
WASHINGTON – Economists promoted increased usage of the Fed’s discount window to insulate the economy from risks of financial crisis at a hearing on Thursday. The economists stressed the importance of destigmatizing discount window lending from the Fed before the...
by Charlotte Ehrlich | Feb 15, 2024 | Business, Featured
WASHINGTON – Officials from the construction, manufacturing and transportation industries outlined to lawmakers the challenges they are facing in implementing President Biden’s Build America, Buy America provisions enacted as part of the Infrastructure Investment and...
