Business
Trump’s Crypto Venture Introduces a Stablecoin
World Liberty Financial, the cryptocurrency company started by Donald J. Trump and his sons, announced on Tuesday that it was planning to…
Tag
Banking and Financial Institutions
Politics
Why Washington and Wall St Have Problems With Off-Channel Messaging
Follow live updates on the Trump administration’s Signal war plans leak. A Signal leak By far the biggest story of the day is The…
Business
Robert Denham, Lawyer Who Steered Companies Through Crises, Dies at 79
Robert E. Denham, a mergers-and-acquisitions lawyer who was known for parachuting into imperiled companies and splintered board rooms and…
Business
Americans Brace for Inflation as Trump’s Tariffs Start to Take Effect
Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices. Expectations about future inflation…
Business
Americans Are Expecting Higher Prices. That Could Unnerve the Fed.
Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices. Expectations about future inflation…
Politics
Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
The Federal Reserve’s independence from the White House has long been enshrined in the law. But an executive order that President Trump…
Politics
So, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel?
President Trump recently ordered the U.S. Mint to stop producing pennies, for a simple-sounding reason. Each penny, he said, has…
Business
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to…
Business
The Cryptocurrency Scam That Turned a Small Town Against Itself
In the Wichita courtroom, Hanes offered his only public reflection on the bank collapse. Wearing a gray suit, he walked up to the lectern,…
Politics
How Trump Is Gutting Regulatory Agencies Like the SEC, CFPB and EEOC
The Trump administration is rapidly delivering wins to American companies by rolling back regulations, pausing investigations and…
Business
Stock Market Falls After Inflation Report
Stocks and bonds slumped on Wednesday, as fresh inflation data highlighted Wall Street’s sensitivity to rising price across the economy…
Business
Elon Musk’s Attacks on CFPB Remove Obstacle to Building ‘X Money’
Elon Musk, the world’s richest man, is widely known for amassing his fortune through Tesla, his electric car company, and SpaceX, the…
Politics
Trump Softens Tone on Inflation After Pledging to Lower Prices
President Trump promised voters that, if elected, he would enact policies that would bring prices down on “Day 1” in office. But three…
News
Fed Chair Faces Lawmakers at a Critical Juncture
When Jerome H. Powell, chair of the Federal Reserve, last testified in front of Congress in July, he hailed the “considerable progress”…
Business
36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations
The day before Linda Wetzel closed on her retirement home in Southport, N.C., in 2012 — a cozy place where she could open the windows at…
Business
Sharing Bank Accounts Can Deepen a Couple’s Relationship
When Nia Darville Stokes-Hicks and Armondi Stokes-Hicks married two years ago, they set up five bank accounts. Each had an individual bank…
Business
What Privatization of Fannie Mae and Freddie Mac Means
Fannie Mae and Freddie Mac, two giant mortgage finance firms, have been controlled by the federal government for nearly 17 years, but a…
Business
Solid Labor Market Gives Fed Cover to Extend Rate Pause
Less than six months ago, Federal Reserve officials were wringing their hands about the state of the labor market. No major cracks had…
Politics
Trump’s Executive Orders Leave Imprint on the Fed
President Trump has so far restrained himself from trying to meddle with the Federal Reserve on matters related to monetary policy during…
Business
Trump Media Is Moving Into the Financial Services Industry
President Trump’s social media company is moving to position itself as a financial services firm that will allow his supporters to put…
Business
Samuel Butler, Lawyer Who Helped Create Corporate Giants, Dies at 94
Samuel Butler, a Midwesterner who became a top figure of the Wall Street legal world, advising on transformative takeovers and leading…
News
Fed Official Pushes Back on Pre-emptive Policy Moves
Federal Reserve officials wrapped up their final meeting of 2024 with splits surfacing over how many more interest rate cuts they should…
Business
Why Banks May Be Hoping You’re Not Paying Attention
The median American household has a combined balance of $10,000 in its checking and savings accounts, according to a census estimate. For…
Politics
Trump Administration Fires Consumer Bureau Chief Rohit Chopra
The director of the Consumer Financial Protection Bureau, Rohit Chopra, was fired on Saturday, prematurely ending a five-year term that…