Apr 19 Start-Up Founder Sentenced to 18 Months in Prison for Fraud
Manish Lachwani, who founded the software start-up HeadSpin, is the latest tech entrepreneur to face time in prison in recent years.
Apr 19 How France Is Fighting ‘Shrinkflation’
Merchants will be required to put signs in front of all products that have been reduced in size without a corresponding price cut.
Apr 19 David Zaslav Receives $50 Million for Leading Struggling Warner Bro...
The chief executive’s 2023 pay package rose 26 percent from the year before, while the company’s losses totaled $3 billion.
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Apr 19 A Union Vote at Volkswagen Is a Big Test for the UAW
If workers at a plant in Tennessee agree to unionize, it would reflect the growing power of groups like the U.A.W. at a crucial political moment.
Apr 18 Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.
Apr 18 Countdown Is On for the Bitcoin ‘Halving’
Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.
Apr 18 Meta, in Its Biggest A.I. Push, Places Smart Assistants Across Its ...
Users of Instagram, Facebook, WhatsApp and Messenger will be able to turn to the new technology, powered by Meta’s latest artificial intelligence model, to obtain information and complete tasks.
Apr 18 Congress Ramps Up the Pressure on TikTok
A legislative maneuver in the House may help an effort to force the divestment of the video platform by its Chinese owner, which would squeeze U.S. investors.
Apr 17 The Global Turn Away From Free-Market Policies Worries Economists
More countries are embracing measures meant to encourage their own security and independence, a trend that some say could slow global growth.
Apr 17 Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years
As the economy cools, pressure is building on the Bank of England to cut interest rates.
Apr 17 F.T.C. Said to Consider Blocking Major Fashion Merger
Regulators are expected to meet next week to discuss the $8.5 billion deal between Coach’s owner, Tapestry, and Michael Kors’s parent company, Capri Holdings, which would create a U.S. luxury conglomerate.
Apr 17 Tesla Calls for New Vote on Elon Musk’s Pay Package
The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.
Apr 17 Germany’s Leader, Olaf Scholz, Walks a Fine Line in China
Chancellor Olaf Scholz tried to promote German business interests while delivering warnings from Europe about trade and geopolitical tensions.
Apr 16 Participant, Maker of Films With Social Conscience, Calls It Quits
The company had critical and commercial hits over two decades but never made money consistently and faced a challenging entertainment landscape.
Apr 16 Lawmakers Question Bank of America About Leon Black’s Payments to E...
A Senate committee sent a letter asking the bank whether it had adequately followed procedures before clearing $158 million in payments.
Apr 16 Inside Washington’s Role in Microsoft’s Big AI Deal With G42
The White House laid the ground work for Microsoft’s $1.5 billion investment in an Emirati artificial intelligence start-up, a deal meant to box out Beijing.
Apr 16 Why Germany Can’t Break Up With China
China remains one of the most important markets for Germany’s export-driven economy, prompting a three-day visit by the German chancellor, who has stressed the importance of open markets.
Apr 15 Golf’s Big Deal Veers Off Course
The Masters tournament should be all about sport, but the unresolved fight between the PGA Tour and LIV Golf looms over the competition.
Apr 15 Biden Administration Awards Samsun $6.4 Billion for Chip Production
The federal grants will support Samsung’s new chip manufacturing hub in Taylor, Texas, along with the expansion of an existing site in Austin.
Apr 15 Markets Brace for Israel’s Next Move
Global equities and oil prices were stable following Iran’s missile and drone attack on Israel, but analysts warn that the calm may not last.
Apr 15 Oil Prices Lower After Iran’s Attack on Israel
Investors are taking a wait-and-see approach after the much-anticipated aerial assault had little effect on oil supplies.
Jun 28 Event Recap: Labor Unions and the Future
David Madland's new book explains how to design a new labor system for today's economy with enhanced rights for workers, incentives for union membership, and greater sectoral bargaining. The post Event Recap: Labor Unions and the Future appeared f...
Jun 28 How the American Families Plan Would Benefit LGBTQI+ Households
The AFP’s robust investments in U.S. families and workers would support LGBTQI+ people. The post How the American Families Plan Would Benefit LGBTQI+ Households appeared first on Center for American Progress .
Jun 25 A New Chapter in U.S.-South Korea Relations: Seoul Embraces a Broad...
While domestic constraints make it unlikely that South Korea will pursue an overtly competitive policy toward China, Seoul began a new chapter in U.S.-ROK relations at the summit by embracing a broader role in regional affairs. The post A New Chap...
Jun 24 LGBTQ People of Color Encounter Heightened Discrimination
A nationally representative survey conducted in June 2020 by the Center for American Progress highlights that LGBTQ people of color are more likely than white LGBTQ individuals to encounter discrimination in a variety of settings. The post LGBTQ P...
Jun 23 Congress Can’t Miss This Chance To Close the Biggest Tax Loophole f...
ProPublica revealed that billionaires are paying virtually no tax. Congress can address the problem by adopting President Biden’s proposals on capital gains and stepped-up basis. The post Congress Can’t Miss This Chance To Close the Biggest Tax Lo...
Jun 22 Millions of Families Are Struggling to Address Child Care Disruptions
While families of all types are experiencing child care disruptions, the tools available to address them vary significantly across demographics. The post Millions of Families Are Struggling to Address Child Care Disruptions appeared first on Cente...
Jun 21 4 Ways the U.S. Government Can Strengthen Refugee Resettlement for ...
President Joe Biden’s executive actions create a framework for protecting LGBTQI people fleeing persecution, but agencies must act to implement these safeguards. The post 4 Ways the U.S. Government Can Strengthen Refugee Resettlement for LGBTQI Pe...
Jun 16 A New Framework for DHS To Meet Today’s Challenges
What America needs from the Department of Homeland Security today is different from when it was founded nearly 20 years ago. The post A New Framework for DHS To Meet Today’s Challenges appeared first on Center for American Progress .
Jun 15 Resources From the State House to the White House: Progress on Clim...
State, local, and tribal leadership is laying a road map for federal action on climate, good jobs, and justice. The post Resources From the State House to the White House: Progress on Climate, Justice, and Jobs appeared first on Center for America...
Jun 11 Clean Energy Tax Incentives Will Help Fight the Climate Crisis
Clean energy tax incentives will drive major climate investments and are a must-have element of any infrastructure package. The post Clean Energy Tax Incentives Will Help Fight the Climate Crisis appeared first on Center for American Progress .
Oct 30 Rep. Tlaib asks Fed Chair about support for companies who are layin...
This story appeared in Bank Digest. Rep. Rashida Tlaib (D-Mich) has sent a letter to Fed Chair Jerome Powell requesting clarity on why the Fed is financially “propping up firms that endanger the health of Americans, while failing to sufficiently h...
Oct 21 FHFA extends COVID-related loan flexibilities
This story appeared in Bank Digest. The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Nov. 30, 2020, to ensure continued support for borrowers during the COVID...
Oct 2 Quarterly report to Congress issued on pandemic recovery
This story appeared in Bank Digest. The Office of the Special Inspector General for Pandemic Recovery, established by Section 4018 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), has issued its Quarterly Report to Congress. ...
Oct 1 Members of Congress offer help to investigate PPP loan fraud
This story appeared in Bank Digest. A bipartisan group of 23 members of Congress have sent a letter to the Small Business Administration and the Treasury Department asking what tools and resources SBA may need, that Congress could provide through ...
Oct 1 Treasury and SBA questioned about PPP loan forgiveness applications
This story appeared in Bank Digest. Four Democratic members of Congress have sent a letter to the Department of Treasury and the Small Business Administration (SBA) urging them to provide an update on Paycheck Protection Program (PPP) loan forgive...
Sep 29 Treasury’s Crowley issues statement marking CARES Act anniversary
This story appeared in Bank Digest. Assistant Secretary of the Treasury for Public Affairs Monica Crowley has released a statement on the sixth month anniversary of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, noting, “In record...
Sep 25 FHFA extends COVID-related forbearance and loan processing flexibil...
This story appeared in Bank Digest. The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance and several loan origination flexibilities until Oct. 31, 2020, to ensure contin...
Sep 25 Banking Committee holds latest quarterly CARES Act hearing
This story appeared in Bank Digest. The Senate Banking Committee held its latest quarterly CARES Act hearing in which the Committee heard testimony from Treasury Secretary Steven T. Mnuchin and Federal Reserve Board Chair Jerome H. Powell. In his ...
Sep 24 Quarles addresses Institute of International Bankers
This story appeared in Bank Digest. Federal Reserve Board Vice Chair for Supervision Randal K. Quarles has delivered remarks at the 2020 Virtual D.C. Summit of the Institute of International Bankers. His speech, “Optimism in the time of COVID,” ad...
Sep 24 Fed Chair testifies at Coronavirus subcommittee hearing
This story appeared in Bank Digest. The Select Subcommittee on the Coronavirus Crisis has held a hybrid hearing on Sept. 23, 2020, to examine the current state of the job market, the federal government’s economic recovery efforts during the corona...
Feb 15 Regulatory Capital
Federal banking agencies have extended the deadline for public comment on a proposal to update the standards for measuring counterparty risk posed by derivative contracts. The new deadline is March 18, 2019.
Feb 15 Stress Tests
The Federal Reserve Board has extended the deadline for public comment on its proposal to modify company-run stress testing requirements. The new deadline is March 21, 2019.
Feb 12 Flood Insurance
A joint interagency final rule implements provisions of the Biggert-Waters Flood Insurance Reform Act of 2012. The final rule requires regulated institutions to accept certain private flood insurance policies in addition to National Flood Insuranc...
Feb 9 Volcker Rule
A new interagency proposal, published today in the Federal Register, would exclude certain community banks from the restrictions of the Volcker Rule, The exclusions, which are designed to conform with the Economic Growth, Regulatory Relief, and Co...
Jan 31 Regulation L
A new interagency proposal, published today in the Federal Register, would raise the threshold for the major-assets management interlock prohibition. Currently, a management official at a depository organization with greater than $2.5 billion in t...
Jan 11 Government Shutdown
Regulatory agencies at both the federal and state level have encouraged financial institutions to work with consumers affected by the federal government shutdown by considering prudent workout arrangements that are consistent with safe-and-sound l...
Dec 28 National Flood Insurance
Federal bank regulatory agencies have reminded banks, savings associations, and Farm Credit institutions that they can continue to make loans during periods when the National Flood Insurance Program is unavailable.
Nov 21 Regulations M and Z
New amendments will increase the exemption thresholds in Regulations M and Z for exempt consumer credit and lease transactions. Effective January 1, 2019, the exemption will generally apply to consumer credit transactions and consumer leases of up...
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