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Tag: Financial

SEC's Gensler calls for shorter settlement times in currency markets – Financial Times

Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. The top U.S. securities regulator said Thursday that regulators should work to include foreign exchange in a global effort to reduce trade settlement times in financial markets. Securities and Exchange Commission Chairman Gary Gensler said regulators and […]

Mortgage Applications Climb as Financial Conditions Loosen For 13th Straight Week

U.S. financial conditions continued to ease last week, even as Federal Reserve officials pushed back against the idea of ​​cutting interest rates early and often this year. The Chicago Fed announced that its national fiscal condition index fell in the week ending January 19, marking the 13th straight week of declines. The index is now […]

The LA Times slashed at least 115 newsroom jobs amid financial woes

The Los Angeles Times announced Tuesday it would cut at least 115 jobs, or more than 20% of its 500-person newsroom, one of the largest layoffs in the paper's 142-year history. The layoffs come at a precarious time for the publisher, which is facing another year of heavy losses, as well as allegations of editorial […]

Democratic Socialists of America faces dire ‘financial crisis’

AOC claims US aid is enabling gross human rights abuses in Gaza Rep. Alexandria Ocasio-Cortez spoke with constituents in a teletown hall Monday about her and other progressive lawmakers' efforts to pressure President Biden to curb Israeli retaliation for the Oct. 7 Hamas attack. asked questions. A report says a left-wing group affiliated with Rep. […]

Who’s protecting consumers from the Consumer Financial Protection Bureau?

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The many faces of Kevin Morris, Hunter Biden’s financial patron

“Who was the real me? Again, I was a person with many faces.” These words by author Milan Kundera could very well have been written to Kevin Morris, a key figure in the unraveling Hunter Biden scandal. Mr. Morris was unknown to most until he emerged as a Democratic donor who reportedly paid millions of […]

Why the Financial Stability Oversight Council needs congressional oversight

in November, the Financial Stability Oversight Council, a group of voting members that includes the Secretary of the Treasury, the heads of all federal financial regulators, and independent insurance experts, has revised its operating procedures. The changes will make it easier for the FSOC to designate nonbank financial companies as “systemically important,” making them subject […]

Chinese stock rout accelerates as foreign investors sell out – Financial Times

Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. The punitive sell-off in Chinese stocks has worsened in recent days as foreign investors who had bet on a rebound lost faith that a stimulus package from the Chinese government was on the horizon. The Hang Seng […]