by Alicia Tang | Feb 1, 2024 | Business, Featured
WASHINGTON – The Federal Reserve on Wednesday left its key interest rate unchanged for the fourth consecutive meeting, with Chair Jerome Powell quashing hope of rate cuts in March. The unanimous vote by the 12-member, rate-setting Federal Open Market Committee called...
by Aidan Johnstone | Jan 31, 2024 | Business, Featured
WASHINGTON — Lawmakers slammed top executives of large tech companies on Wednesday for not doing enough to prevent online exploitation of children as protesters helped pack the audience sharing victims’ pictures and grim statistics of the problem. “There is blood on...
by Maria Heim | Jan 31, 2024 | Business, Featured
WASHINGTON – A recent deal between the National Football League and NBCUniversal’s Peacock to stream a wild-card game solely on that platform has prompted lawmakers to further examine the rise of sports streaming services. On Wednesday, the House Commerce...
by Aidan Johnstone | Jan 24, 2024 | Business, Featured
WASHINGTON – Intellectual property experts told Congress members on Tuesday that the Patent Eligibility Restoration Act (PERA) is essential to encourage more inventors to apply and get their patents approved, adding that the act would benefit American innovation...
by Aidan Johnstone | Jan 18, 2024 | Business, Featured
WASHINGTON – “Shark Tank” investor and venture capitalist Kevin O’Leary urged House members on Thursday to oppose a set of proposed bank regulations that he said would harm small businesses’ access to lending. The set of regulations, titled Basel III, would...
by Alicia Tang | Jan 18, 2024 | Business, Featured
WASHINGTON – Experts push for federal action addressing restrictive local zoning that has stymied affordable housing availability at a Joint Economic Committee hearing on Wednesday. Local rules prohibit building anything other than single-family detached homes in 75%...
by Clare Zhang | Jan 18, 2024 | Business, Featured
WASHINGTON – Some legislators want immediate action on the FAIR College Sports Act, meant to standardize state laws on student-athletes profiting from their personal brands, but it looks unlikely that Congress can come to an agreement anytime soon. Lawmakers and...
by Charlotte Ehrlich | Jan 17, 2024 | Business, Featured, Topics
WASHINGTON – Congressional lawmakers and witnesses examined whether slower U.S. infrastructure growth and disruptions in the supply chain are hurting basic transportation needs during a hearing on Wednesday assessing the state of the industry. Rep. David Rouzer...
by Alicia Tang | Jan 17, 2024 | Business, Featured
WASHINGTON – The Consumer Financial Protection Bureau and the White House announced Wednesday an initiative cracking down on overdraft fees to increase transparency for consumers. A new proposed rule would force banks and credit unions with more than $10 billion in...
by Clare Zhang | Jan 17, 2024 | Business, Featured, Topics
WASHINGTON – Strong economic performance, including solid retail sales growth, signals a good likelihood that the Federal Reserve board will cut interest rates this year, Federal Reserve Board Governor Christopher Waller said Tuesday. In the fourth quarter of 2023,...
by Alicia Tang | Jan 13, 2024 | Business, Featured
WASHINGTON — The leader of the U.S. Chamber of Commerce emphatically praised American free enterprise and innovation at the Chamber’s annual State of American Business address. “The State of American Business is optimistic,” said Suzanne P. Clark, president and CEO...
by Casey He | Dec 8, 2023 | Business
WASHINGTON – When Commerce Secretary Gina Raimondo was in Beijing in August to discuss trade with economic officials, she and others in the tech industry were shocked by a new smartphone, unveiled by Chinese telecom giant Huawei. The phone was named the Mate 60 Pro,...
