U.S. Economy

Watch Fed Chair Jerome Powell speak live to Senate banking panel

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Watch Fed Chair Powell speak live on rate hikes and more to a House panel

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House Democrats release wave of bank reform bills

WASHINGTON — House Democrats on Wednesday will release a slate of reform bills in response to the recent bank failures…

Bipartisan bill to claw back executives’ pay when banks fail passes out of Senate Banking Committee

WASHINGTON — The Senate Banking Committee on Wednesday voted to send to the full Senate a bill that aims to…

Why Charles Schwab became a financial ‘supermarket’

Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets,…

FTC Chair Lina Khan refused to sit out agency’s case against Meta despite ethics concerns, report says

WASHINGTON — Federal Trade Commission Chair Lina Khan refused to recuse herself from the agency’s case against Meta Platforms against…

Senate Democrats pressure PayPal, Venmo, Cash App over fraud protections

WASHINGTON — Senate Democrats on Thursday urged PayPal and Cash App to better protect users of their peer-to-peer payment applications…

GOP lawmakers urge DOJ to probe Chinese IP theft from U.S. small businesses

WASHINGTON — Two top Republican congressmen on Thursday urged the Justice Department to investigate intellectual property theft from American small…

Senate Democrats press for Justice Department inquiry into PGA Tour-LIV Golf merger

WASHINGTON — Two top Senate Democrats with a track record of scrutinizing business and antitrust activity have called for a…

Blinken reschedules trip to China for this week after postponing for months over spy balloon

WASHINGTON — Secretary of State Antony Blinken will travel to Beijing this week to meet with senior Chinese officials, the State Department…