Lawmakers hear from investors hampered by SEC's accredited investor rule
The Securities and Exchange Commission's accredited investor rules were the focus of a House hearing in which investors cited how its requirements restricted their investments.
Fed’s Williams says restrictive policy needed for a few years to bring down inflation
The New York Fed president on the central bank’s efforts to bring down inflation using interest rate hikes and scenarios where high prices could be persistent.
House panel on China economy: 'Single greatest threat to America's global standing'
The House Financial Services Committee held a hearing on the economic threat posed by China and ways the U.S. can undercut China's growing influence through trade policies.
US agencies seek tougher rules, internal probes on stock trading by federal officials
Financial Regulators to strengthen conflict of interest rules to avoid insider trading and restore trust after a WSJ article in October exposed copious corruption.
US trade deficit hit record in 2022
The trade deficit in goods and services was a seasonally adjusted $67.4 billion in December, the Commerce Department said Tuesday, up from a revised $61 billion in November.
Turkey earthquake causes massive shipping container fire caught on video, Maersk says
A fire is raging Tuesday at the Port of Iskenderun in southern Turkey following a devastating earthquake there Monday, shipping giant Maersk says.
Meta to buy VR startup Within after favorable court ruling
Federal antitrust regulators had sought to block Meta's acquisition on the grounds that it would hurt competition in the emerging virtual reality market.
SEC considers easing climate-disclosure rules after investor pushback
The final version of the SEC rules, expected this year, will likely still mandate some climate disclosures in financial statements, according to the people close to the agency.
China continues to lead world in counterfeit and pirated products: USTR report
The Office of the U.S. Trade Representative report on notorious markets for counterfeit and pirated goods found that China continued to lead the world in goods seized by CBP.
House passes bill to protect elderly, vulnerable Americans from financial exploitation
The House passed the bipartisan Financial Exploitation Prevention Act that aims to protect elderly and vulnerable Americans from being scammed out of their savings.
US Appeals Court sides with drugmakers on discount program
Drugmakers win battle in Third Circuit Court of Appeals over Health Resources and Services Administration, as courts decided HRSA went beyond the law with regulatory overreach.
Russia boosts China trade to counter Western sanctions
Russia and China have spent years building stronger economic ties, including a $55 billion gas pipeline and Russia’s increased usage of China’s yuan.
Goldman Sachs’ David Solomon latest CEO hit with pay cut
Goldman Sachs CEO joins Apple’s Tim Cook as latest industry CEO hit with pay cut.
FDA calls on Congress to create new regulations for hemp-derived CBD products
The FDA said Thursday that there are still too many unknowns about the burgeoning market for CBD products to regulate them as either food or supplements.
China solar panel shipments scrutinized over forced Uyghur labor
Customs and Border Protection is scrutinizing imports from China's Xinjiang region under the Uyghur Forced Labor Prevention Act. Solar panels are the most commonly flagged product.
Where's the beef from? Bipartisan senators call for country of origin labels on beef products
Lawmakers offered the bipartisan American Beef Labeling Act to reinstate mandatory country-of-origin labeling rules for beef products to promote transparency for consumers.
Janet Yellen prioritizes South Africa's green energy transition during visit
U.S. Treasury Secretary Janet Yellen, during her 10-day visit, brought attention to South Africa's shift to using green energy sources Thursday.
Juul in deal talks with three tobacco giants
Juul is looking for a new backer as FDA order banning its vaporette remains in limbo pending trial. Talks have included Philip Morris, Japan Tobacco Group, and Altria.
Maersk and MSC to end 2M global shipping alliance
Maersk and MSC will end 2M Shipping alliance in 2025; comes as supply chain issues caused by the coronavirus pandemic have alleviated and global demand for trade has fallen.
Germany sees its economy growing this year despite the Ukraine War
German economy will avoid recession if trends continue. Germany's manufacturing base relied heavily on Russian natural gas that stopped flowing when Russia invaded Ukraine.