Money stored in payment apps such as Venmo may be more vulnerable than bank deposits, CFPB says
WASHINGTON — Money held in nonbank, peer-to-peer payment apps is not guaranteed for federal deposit insurance protection, which makes the…
House Democrats reintroduce bill targeting stock buybacks
WASHINGTON — House Democrats on Thursday reintroduced a bill that would ban open-market stock buybacks, weeks after the Securities and…
Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut
The market has long been pricing in interest rate cuts from major central banks toward the end of 2023, but…
Debt ceiling bill clears key hurdle, teeing up final House vote before it goes to Senate
WASHINGTON — The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House…
Sen. Tim Scott pushes bill that would require disclosure of apps’ country of origin
WASHINGTON — Sen. Tim Scott, R-S.C., is pushing for more transparency from social media applications amid privacy concerns about China-based…
Shifting to life post-Covid: How remote work transformed this city in the Midwest
Lansing, Michigan may never be the same. The city of just over 110,000 residents, known for its towering state capitol…
Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy
JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington and Beijing, as…
FTC’s Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition
Republican lawmakers have for years launched barrages of criticism at Biden administration regulatory agencies and their diverse leaders — and…
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder…
German minister calls for maturity on U.S. debt ceiling talks: ‘We have to avoid further risks’
German Finance Minister Christian Lindner hopes American lawmakers will be “mature” over the debt ceiling negotiations to avoid further headwinds…
