Silicon Valley Bank collapse would have been 'prevented' if not for Trump deregulation, Senate Democrat says
The leading Democrat on the congressional Joint Economic Committee blamed regulatory rollback under former President Donald Trump for Silicon Valley Bank's collapse.
Silicon Valley Bank collapse: GOP's Vivek Ramaswamy says more regulation would encourage ‘crony capitalism’
Republican 2024 presidential contender Vivek Ramaswamy believes that more regulation of the financial industry in the wake of the Silicon Valley Bank would encourage crony capitalism.
Signature Bank shut down in connection with Silicon Valley Bank collapse
Federal regulators said Sunday Signature Bank has been shuttered, marking the second massive bank failure after the collapse of Silicon Valley Bank last week.
China chip war heats up after major European manufacturer blocks access to tech; Beijing aims dig at US
The Netherlands' trade minister told lawmakers on Wednesday that China must be blocked from accessing chip manufacturing technology, stoking anger from Beijing.
House Republicans propose major energy and permitting reform package
House Speaker Kevin McCarthy and Majority Leader Steve Scalise unveiled Republicans' new energy and permitting reform package in an appearance on Fox Business Network's "Kudlow."
Turkey’s competition watchdog hits Elon Musk with fine over Twitter acquisition
Turkey's competition watchdog said Monday it is fining Elon Musk for failing to seek the regulatory agency's permission before acquiring Twitter.
Norfolk Southern’s Ohio train derailment puts railroad equipment sensors in spotlight
Norfolk Southern has pledged to change its operating practices after a derailment in East Palestine, Ohio was caused by an overheated bearing on a railcar.
South Korea says US Chips Act subsidies have too many requirements
SK Group of South Korea has pledged a $15 billion U.S. investment that includes semiconductor research and development.
Biden's decision on massive Alaska oil project looms
President Joe Biden and his Interior Department are considering whether to approve a major oil and gas development on Alaska's North Slope that's known as the Willow Project.
California court orders oil company to pay big after several spills damage natural resources
HVI Cat Canyon Inc., has been ordered to pay the U.S. government and the State of California $65 million in damages and cleanup costs for more than two dozen oil spills.
Biden admin tells companies seeking CHIPS funding to avoid stock buybacks, provide child care plans
The Biden administration is making funds available under the CHIPS Act, and companies will be more likely to get funding if they refrain from stock buybacks.
Altria in talks to buy vaping startup NJOY for at least $2.75 billion, divest its stake in Juul
NJOY is one of the few e-cigarette makers whose products have clearance from federal regulators, an advantage over larger e-cigarette rivals Juul and Vule.
Supreme Court to hear challenge to Consumer Bureau’s funding
The CFPB's creation was a part of the Dodd-Frank financial overhaul intended to safeguard consumer welfare. It's constitutionality has been questioned by Republicans for years.
Nevada medical flight crash that killed five outside Reno is fourth incident in recent years: NTSB
A medical transport flight that crashed in northern Nevada is the fourth incident investigated by the National Transportation Safety Board in recent years.
Ticketmaster, Live Nation face increased pressure for DOJ probe from Republican and Democratic senators
Two senators urged the Justice Department in a letter this week to continue investigating Ticketmaster and its parent company, Live Nation, for alleged anticompetitive conduct.
US regulators warn banks of heightened liquidity risks in crypto-related deposits
Office of the Comptroller of the Currency joined the Federal Reserve and Federal Deposit Insurance Corp. in issuing the joint warning about crypto's risks.
Church of Jesus Christ of Latter-day Saints, its investment adviser settle SEC probe
The church will also pay a $1 million fine, the SEC said Tuesday. The money manager and the church settled the SEC’s investigation without admitting or denying wrongdoing.
Manufacturers to EPA: We’re leading air quality gains, we don’t need more rules
The National Association of Manufacturers is pushing back against a rule proposed by the Biden administration's EPA to tighten air quality rules, arguing it will hurt the economy.
Minnesota Democrat lawmakers push ban on gas-powered lawn mowers, chainsaws to curb 'climate pollution'
Representatives of Minnesota's Democratic-Farmer-Labor Party introduced bills to prohibit sales of non-electric yard equipment and ice resurfacing machines such as Zambonis.
New SEC rules target corporate insider trading
SEC’s new disclosure requirements start on April 1 for most U.S.-listed companies. Will make it more difficult to use planned stock sales to conduct insider trading.