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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...
Supreme Court Weighs Federal Jurisdiction in Class Action Case

Supreme Court Weighs Federal Jurisdiction in Class Action Case

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...
Employment surges, shifting expectations for interest rate cuts

Employment surges, shifting expectations for interest rate cuts

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...
Gen Z looks for more financial guidance and protection amid rising debt and consumerist culture

Gen Z looks for more financial guidance and protection amid rising debt and consumerist culture

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...
Sanders presses for 32-hour workweek in new bill and hearing

Sanders presses for 32-hour workweek in new bill and hearing

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...
A ‘comeback story’ for American manufacturing

A ‘comeback story’ for American manufacturing

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...
Dogecoin case argued at Supreme Court, importance questioned by justices

Dogecoin case argued at Supreme Court, importance questioned by justices

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...
Supreme Court tilts toward exempting national banks from state laws

Supreme Court tilts toward exempting national banks from state laws

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...
Supreme Court hears arguments in case that could have implications for independent contract truckers

Supreme Court hears arguments in case that could have implications for independent contract truckers

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,...
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