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Powell Seeks to Support Economy, Defend Fed Independence

Powell Seeks to Support Economy, Defend Fed Independence

Federal Reserve governor Jerome Powell will strive to support the economy’s continued progress toward full recovery and will defend the central bank’s independence if confirmed as its next leader, he will tell a Senate panel Tuesday when it considers his nomination.

Published 1 month ago

Powell sends message of Fed continuity to senators

Powell sends message of Fed continuity to senators

Trump’s pick to chair central bank indicates financial regulation can still be eased

Published 1 month ago

US charges three Chinese nationals over hacking

US charges three Chinese nationals over hacking

DoJ and FBI allege information was stolen from Moody’s Analytics, Siemens and Trimble

Published 1 month ago

Koch Brothers Get Dividend, No Board Rights in Meredith-Time Inc. Deal

Koch Brothers Get Dividend, No Board Rights in Meredith-Time Inc. Deal

Meredith accepted the financial backing of the billionaire Koch brothers for its pending purchase of Time because they offered the best terms and had no interest in running the business, Meredith’s chief executive said.

Published 1 month ago

Trump, Xi and the siren song of nationalism

Trump, Xi and the siren song of nationalism

The two rival visions could easily lead to US-China clashes in Asia or in trade

Published 1 month ago

Bitcoin’s Trading Star Is Chicago High-Speed Firm That Nods to the Grateful Dead

Bitcoin’s Trading Star Is Chicago High-Speed Firm That Nods to the Grateful Dead

One of Chicago’s largest high-speed traders has taken a central role in the bitcoin market, stepping into the vacuum created by Wall Street’s hesitant response to the booming investor interest in digital currencies.

Published 1 month ago

Three Chinese Hackers Indicted In U.S. For Alleged Attacks on Moody’s, Siemens

Three Chinese Hackers Indicted In U.S. For Alleged Attacks on Moody’s, Siemens

Three Chinese hackers have been indicted in the U.S. for alleged attacks on Moody’s Analytics and Siemens AG in an effort to steal confidential business information as recently as May 2017, according to an indictment unsealed Monday.

Published 1 month ago

Franken Tries to Move Past Sexual-Misconduct Claims

Franken Tries to Move Past Sexual-Misconduct Claims

Minnesota Democrat, one of several politicians facing allegations of improper behavior toward women, apologizes to accusers and makes clear he doesn’t plan to step down

Published 1 month ago

Tesla truck will need same energy as 4,000 homes to recharge

Tesla truck will need same energy as 4,000 homes to recharge

Research raises questions about viability of quick charging time for new vehicle

Published 1 month ago

Senators Seek Changes to Tax Bill as Busy Week Kicks Off

Senators Seek Changes to Tax Bill as Busy Week Kicks Off

U.S. Senators on Monday began a frenzied week of meetings, negotiations and amendments as Republicans try to find 50 votes for their tax bill, the GOP’s biggest domestic-policy priority.

Published 1 month ago

Investors Finding Little Value in Value Stocks, So Watch for the Rebound

Investors Finding Little Value in Value Stocks, So Watch for the Rebound

The U.S. stock market is showing the biggest divergence between cheap and pricey stocks since the aftermath of the dot-com bubble, as investors chase the performance of companies with rising earnings.

Published 1 month ago