Elizabeth Warren warns Dems to stand firm on tax hikes as fight looms over Trump-era cuts
Sen. Elizabeth Warren (D-Mass.) is pressuring Democrats to take a tougher stance on new tax policy as lawmakers prepare for some of the Trump administration’s tax cuts to expire after 2025. Progressive lawmakers are expected to emphasize the importance of pushing for corporate tax reform at an event hosted by the Washington Center for Equitable […]
Dollar firm as euro wallows near recent lows; market braces for China data By Reuters – Investing.com
Bridget Riley TOKYO, April 28 (Reuters) – The dollar held firm on Thursday while the euro hovered near its lowest level in more than a month amid continuing concerns over the political outlook in Europe. The yuan hovered near its lowest levels in months after China released a slew of economic data suggesting an uneven […]
Founder of DEI-focused hiring firm Joonko allegedly bilked investors out of $27M while lying about AI, customers: feds
The founders of DEI-focused staffing startup Joonko are facing federal charges for allegedly defrauding investors out of tens of millions of dollars, nearly a year after The Washington Post exclusively reported that the company lied to clients about working with multiple large corporations. Irit Raz, a 38-year-old Israeli entrepreneur, used lies and false documents to […]
Wyden probes Kushner firm for investment details
Senate Finance Committee Chairman Ron Wyden (D-Oregon) An investigation has begun On Wednesday, the administration launched an investigation into President Trump’s son-in-law, Jared Kushner, and his investment firm, Affinity Partners, over details of their investments in Saudi Arabia. In a letter to Affinity Partners’ chief financial officer, Lauren Key, Wyden said: It is about that […]
BlackRock adds new proxy advisory firm amid ESG criticism as critics say ‘too little, too late’
BlackRock Inc. said on Tuesday it was teaming up with a third proxy advisory firm to offer broader investment advice to clients, as critics say the asset manager is seeking to defy accusations that it is more committed to ESG (environmental, social and governance) principles than its fiduciary responsibilities warrant. In a release obtained by […]
Dollar firm before key inflation test; yen limps towards BOJ meeting – Yahoo Finance
Kevin Backlund TOKYO (Reuters) – The dollar hovered near a one-month high against the euro and rose to a one-week high against the yen on Tuesday as traders braced for the next day’s key U.S. inflation data and new interest rate forecasts from the Federal Reserve. The US dollar was supported by rising Treasury yields […]
Asian Stocks Eye Early Gains as Rate Cut Bets Firm: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks rose on Monday as a weak reading of the Federal Reserve’s preferred inflation gauge spurred hopes of an interest rate cut. Most read articles on Bloomberg Australian, Japanese and Hong Kong shares rose, while Indian stock futures surged after exit polls showed a landslide victory for Prime Minister Narendra Modi’s party. […]
Customers of Winklevoss-run crypto firm are poised to get their frozen assets back in 232% recovery – CNN
Joseph Nair/Bloomberg/Getty Images/File Tyler Winklevoss (left) and Cameron Winklevoss founded the cryptocurrency exchange Gemini in 2014. new york CNN — Cryptocurrency platform Gemini clients can expect to recover more than three times the value of their digital assets lost in the FTX collapse, a rare outcome for creditors caught up in a bankruptcy. Gemini, the […]
After ‘whites only’ job posting, tech staffing firm settles with DOJ
A Virginia-based tech company will pay thousands of dollars to advertise jobs asking for “whites only” applications. The Departments of Justice and Labor assessed a civil penalty of $7,500 against minority-owned federal contractor Arthur Grand Technologies, Inc. They also ordered the federal contractor to pay a total of $31,000 to 31 people who complained about […]
Dollar firm ahead of global inflation data – Yahoo Finance
Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – The dollar was flat on Monday but is on track for its first monthly decline this year as investors focus on inflation data from the United States, Europe and Japan that will shape the outlook for global interest rates. Foreign exchange trading has been dominated in recent […]