House Republican leader Kevin McCarthy is running two simultaneous campaigns: one opposing a year-end government spending bill and another to convince his GOP naysayers to elect him speaker.
For all the dour dot plots and hawkish hike forecasts in the Federal Reserve’s statement on rate policy and the economy, Jerome Powell barely laid a glove on stock and bond markets Wednesday.
Twitter Inc. has suspended multiple accounts that track the locations of private jets using publicly available flight data, including one that followed the plane of the company’s owner, Elon Musk.
(Bloomberg) — American and African firms reached more than $15 billion in new commitments and deals at a summit hosted by President Joe Biden as the US moves to increase its commercial ties with the continent through investments rather than aid.
Florida is planning broader steps in its fight against asset managers that offer environmental, social and governance investments, including sweeping legislation and pulling more state funds from BlackRock Inc., the state’s chief financial officer said.
US stocks snapped a two-day rally after Federal Reserve Chair Jerome Powell reiterated his hawkish stance while also signaling the central bank is getting “close” to reaching the end of a tightening cycle that pushed rates from near zero to 4.5% since March.
(Bloomberg) — Jeffrey Gundlach, the CEO and chief investment officer of DoubleLine Capital, tells CNBC in an interview that the Federal Reserve shouldn’t raise rates anymore after today but he believes there will probably be another 25 basis points increase.
(Bloomberg) — Two shots that protect against Ebola virus yielded immune responses lasting for at least a year, according to a study suggesting they might keep the virus at bay for the long-term.
The White House will reopen a program allowing people in the US to order batches of at-home coronavirus tests at no cost, as officials prepare for an increase in cases through the winter, people familiar with the matter said.
A former Twitter Inc. employee convicted of spying for Saudi Arabia was ordered to serve 3 1/2 years in prison, capping a yearslong case that showed how the social media giant was vulnerable to security breaches perpetrated from within its own ranks.
