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Supreme Court grapples with Nvidia’s bid to avoid securities fraud case

Supreme Court grapples with Nvidia’s bid to avoid securities fraud case

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....
Fed cuts rates, Powell emphasizes independence as Trump administration looms

Fed cuts rates, Powell emphasizes independence as Trump administration looms

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...
“Trump Trade” soars in aftermath of Tuesday’s elections

“Trump Trade” soars in aftermath of Tuesday’s elections

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...
Supreme Court questions risk disclosure arguments in Facebook case

Supreme Court questions risk disclosure arguments in Facebook case

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...
Photos: IMF and World Bank annual meetings draw climate, humanitarian protesters

Photos: IMF and World Bank annual meetings draw climate, humanitarian protesters

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...
IMF warns global public debt is nearing over $100 trillion and won’t stop

IMF warns global public debt is nearing over $100 trillion and won’t stop

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...
Yellen says U.S. is finalizing $20 billion commitment to Ukraine aid

Yellen says U.S. is finalizing $20 billion commitment to Ukraine aid

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...
IMF growth projections “good news” for the US, underwhelming globally

IMF growth projections “good news” for the US, underwhelming globally

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....
YELLEN WARNS AGAINST BROAD TARIFFS, STRESSES THE DANGERS TO THE US ECONOMY

YELLEN WARNS AGAINST BROAD TARIFFS, STRESSES THE DANGERS TO THE US ECONOMY

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...
Supreme Court justices seem receptive to granting treble damages for personal injuries

Supreme Court justices seem receptive to granting treble damages for personal injuries

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...
Fed Governor Waller, “Shadow Fed” Weigh Monetary Policy Rules

Fed Governor Waller, “Shadow Fed” Weigh Monetary Policy Rules

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...
TRUMP-BACKED DEFI PLATFORM UNDERSCORES WASHINGTON’S CRYPTO PUSH

TRUMP-BACKED DEFI PLATFORM UNDERSCORES WASHINGTON’S CRYPTO PUSH

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...
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