Government regulators took the extraordinary step over the weekend of making whole uninsured depositors at two failed banks, but savers shouldn’t count on similar treatment if other banks fail in the ...
Tag: Politics
Biden administration urges Congress to ban airline family-seating fees
Passengers wearing protective masks are seen aboard before a JetBlue flight to London at JFK International Airport in the Queens borough of New York City, August 11, 2021. Jeenah Moon | Reuters The Bi...
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
WASHINGTON — Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature Bank will rely on Wall Street and large financial institutions — n...
Silicon Valley Bank Collapse Is A Blow To Clean Energy Tech, Regardless Of What Happens In The Next 24 Hours
On March 10th Silicon Valley Bank (“SVB”) failed. Since that time there has been a lot of shouting from all sides on what type of economy and banking system should exist and how that should inform the...
Silicon Valley Bank failure has investors calling for government aid
Big names in Silicon Valley and the finance sector are calling publicly for the federal government to push another bank to assume Silicon Valley Bank’s assets and obligations after the financial...
Biden’s budget wants tax hikes, but expiring Trump tax cuts are the big showdown
For five years, most Americans have seen lower income-tax rates and tapped a bigger standard deduction, but without congressional action before the end of 2025, the rules could still revert to levels ...
Biden targets crypto, real estate and oil industries, as he unveils his budget
President Joe Biden on Thursday called for ending tax subsidies for cryptocurrency investors, the real estate industry and the oil and gas sector, as he formally rolled out his proposed budget for the...
Biden proposed FAA budget for 2024 increases funding
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Ima...
Biden’s proposed NASA budget for 2024 increases funds to $27.2 billion
Vice President Kamala Harris meets with NASA astronauts Shannon Walker and Joe Acaba at Kennedy Space Center in Florida during a tour on Aug. 29, 2022. Bill Ingalls / NASA President Joe Biden is seeki...
This fund has increased its dividend for 56 straight years. Now it’s snapping up GE.
Markets are nearing the end of a tough week, with one more hurdle to go after Fed Chairman Jerome Powell set investors straight on his willingness to go to the mat on inflation. Next up is Friday’s no...
Norfolk Southern CEO Alan Shaw to testify before Senate panel
Norfolk Southern CEO Alan Shaw will tell a U.S. Senate panel Thursday how he plans to “make it right” after one of the company’s trains derailed in East Palestine, Ohio, last month. ...
Tucker Carlson said he hates Trump: Dominion-Fox filing
A billboard truck seen outside Fox News HQ. Members of the activist groups Truth Tuesdays and Rise and Resist gathered at the weekly FOX LIES DEMOCRACY DIES event outside the NewsCorp Building in Manh...
NTSB opens special probe into Norfolk Southern safety practices
General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. Alan Freed | Reuters The National Transportation Safety Board on Tuesday ...
World Record Test Cricket Crowd Tipped In India As Politics Plays Out In The Backdrop
Signage of Australian Prime Minister Anthony Albanese and Indian Prime Minister Narendra Modi will … [+] be visible during the fourth Test (Photo by Robert Cianflone/Getty Images) Getty Images T...
DOJ sues JetBlue over Spirit takeover
A JetBlue Airways Airbus A320, left, passes a Spirit Airlines Airbus A320 as it taxis on the runway, Thursday, July 7, 2022, at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, ...
Starbucks CEO Howard Schultz agrees to testify at Senate hearing after subpoena threat
Senator Bernie Sanders (I-VT) (L), Starbucks CEO Howard Schultz Reuters (L) | Getty Images (R) Starbucks CEO Howard Schultz has agreed to testify in a U.S. Senate hearing about the coffee chain’...
‘I don’t have any other debt’: I have $40,000 in student loans, but saved $70,000 due to deferred payments. I live in the Bay Area. What should I do with this money?
I am a single 35 year-old with $40,000 remaining in federal student loans. In early 2020, I was super lucky to land a great new job that significantly increased my income. This was the middle of the p...
Fed Chair Powell heads to Capitol Hill, and he’s got his hands full
U.S. Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, U.S., March...
‘I’m holding my breath’: What will happen if the Supreme Court blocks Biden’s student-loan forgiveness plan?
As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due. For Shanna Hayes, 34, who was recently laid o...
Euro zone prices dip to 8.5% as ECB flags rate hiking not over.
All eyes on the latest inflation numbers out of the euro zone as market players consider what the ECB will do next. Bloomberg | Bloomberg | Getty Images Inflation in the euro zone eased slightly in th...
Bernie Sanders calls vote on Starbucks’ Howard Schultz subpoena
Starbucks Chairman and former CEO Howard Schultz Jason Redmond | AFP | Getty Images Sen. Bernie Sanders is making good on his threat of a subpoena for Starbucks CEO Howard Schultz on what Sanders has ...
Schumer, Jeffries pressure Murdoch, Fox News on election claims
Two top Democrats in Congress are calling on Fox Corp Chairman Rupert Murdoch and the leadership of Fox News “to stop spreading false election narratives and admit on the air that they were wron...
Alibaba Stock’s Recovery Has Momentum. This Is One Potential Risk.
Analysts are increasingly upbeat about Alibaba stock in the wake of the group’s quarterly earnings, which supported the narrative that the Chinese tech company’s recovery is on track. But a familiar c...
Fox News hosts endorsed false Trump election claims
Members of Rise and Resist participate in their weekly “Truth Tuesday” protest at News Corp headquarters on February 21, 2023 in New York City. Michael M. Santiago | Getty Images News | Ge...
The U.S. and China have a culture clash around their telephone hotline
Flags of the U.S. and China displayed on a table ahead of a meeting. Jason Lee | AFP | Getty Images BEIJING — The politically important U.S.-China relationship is vulnerable to cultural differences — ...
This is what Warren Buffett, a self-described ‘so-so investor,’ says is his ‘secret sauce’
Stocks are rebounding on the heels of a rotten week — the worst since December for the S&P 500 SPX, +1.15% and the Nasdaq Composite COMP, +1.39%. And as Wall Street analysts go dark, with talk of ...
Global financial markets have had a rough time since Russia’s invasion of Ukraine, but it is not over yet
A year after Russia invaded Ukraine and set off the bloodiest conflict in Europe since World War II, global financial markets seem to no longer carry on the lasting shocks on a daily basis, but the fu...
Opinion: Ford’s pact with Chinese EV battery maker is a sucker punch to American taxpayers
Virginia Governor Glenn Youngkin made national headlines recently when he rejected a Ford Motor F, +1.30% factory in a struggling part of the state, owning to Ford’s partnership with Contemporary Ampe...