Politics

Senator Jeff Merkley (D-OR) speaks alongside members of the U.S. Senate Banking, Housing, and Urban Affairs Committee during a news conference to discuss the details of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act at the U.S. Capitol in Washington, D.C., U.S., April 18, 2023. Sarah Silbiger | ReutersA bipartisan group of…

Wall Street is assessing the potential market impact of President Joe Biden's decision to bow out of the 2024 presidential race, including how it could affect what has come to be known among investors as the "Trump trade." That refers to what a victory at the polls in November by former President Donald Trump could mean for the U.S. economy,…

New York CNN  —  Stocks are soaring this year, but that could soon change as election chaos takes the market on a rollercoaster ride. The S&P 500 is up more than 15% since January and hasn’t fallen by 2% in more than 353 trading sessions. That’s the…

CNN  —  Elon Musk’s X, formerly known as Twitter, is now worth nearly 80% less than when he bought it in 2022, according to estimates from investment giant Fidelity. The new valuation comes as companies have halted spending on the platform to prevent their ads from running…

A bipartisan group of senators announced a deal Wednesday on a congressional stock trading ban aimed at preventing members from profiting from insider knowledge. Sens. Jon Ossoff, D-Ga., Gary Peters, D-Mich., Josh Hawley, R-Mo., and Jeff Merkley, D-Ore., announced their legislative proposal, dubbed the ETHICS Act, on Capitol Hill.“This is a very…

Whether you like it or not, members of Congress are allowed to buy and sell securities. True, federal law prohibits them from using "nonpublic information derived from their official positions for personal benefit," and they're required to disclose their trades.That said, it's understandable if folks don't quite trust politicians to be on the…

The vote to move the bill forward received bipartisan support, but not before roughly an hour of debate where several Republicans objected to provisions that would require lawmakers and people working in the White House to sell off holdings in individual businesses once they are elected.U.S. Sen. Mitt Romney, R-Utah, said the ban could force…

FOR 18th January 2022By News18/ Updated: January 18, 2022, 05:55ISTMinute-by-minute news updates of happenings from around the world, with special focus on India. From daily coronavirus news about the probable third wave, number of infections, vaccination, and reopening of places and activities to all developments in the fields of politics,…

Daniel Labovitz talks about the genesis of the exchange and answers ESG-skeptic questions It’s been nearly three months since the Green Impact Exchange (GIX) filed an application with the SEC for approval of what is going to be the first green economy stock exchange in the US. On July 17, the US regulator published its notice to solicit comments…

It didn’t take long for former President Donald J. Trump to make a political weapon out of Monday’s market sell-off. “Stock markets are crashing, jobs numbers are terrible, we are heading to World War III, and we have two of the most incompetent ‘leaders’ in history,” Mr. Trump wrote in a post on Truth Social. “This is not good.”The post…