Treasury Secretary Janet Yellen on Wednesday said U.S. banks look healthy enough to be allowed to pay dividends and repurchase stock, an updated view that reflects top economic officials' growing confidence in the recovery from the coronavirus pandemic.
Most wealth managers and financial advisors are still in "education mode" on cryptocurrencies but demand for the emerging asset class among larger investors has grown, the boss of Fidelity Investments' institutional arm said on Tuesday.
Treasury Secretary Janet Yellen said on Tuesday the U.S. economy remains in crisis from the pandemic even as she defended developing plans for future tax increases to pay for new public investments.
Wall Street rallied on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields and Tesla jumped after a fund run by an influential investor in the electric-car maker said its shares could approach $3,000 by 2025.
Amazon workers in Italy went on a 24-hour strike on Monday in the first such action by the U.S. company's entire logistics operation in the country, including third-party delivery service providers.
The 15 largest listed fashion companies are lagging behind when it comes to meeting the social and environmental targets of the Paris climate agreement and UN Sustainable Development Goals, a new report by the Business of Fashion said on Monday.
A former Federal Reserve employee pleaded guilty to stealing dozens of restricted documents, including bank stress test data, after he decided to leave the board following a poor performance review, U.S. prosecutors said on Friday.
The Justice Department is looking at Visa Inc's debit practices, the company said on Friday, after reports the United States was investigating whether the credit card company uses anticompetitive practices in the debit-card market.
The Federal Reserve’s decision on Wednesday to raise the maximum amount money funds can lend into its reverse repurchase agreement facility should ease some stresses for money market funds that are struggling with too much cash and too few places to park it.
The U.S. State Department is tracking efforts to complete Russia's Nord Stream 2 natural gas pipeline and evaluating information on entities that appear to be involved, U.S. Secretary of State Antony Blinken said on Thursday.
The Democratic-controlled House of Representatives voted on Wednesday to remove a decades-old deadline for adopting the Equal Rights Amendment, in hopes of finally formally protecting women's rights in the U.S. Constitution.
The dollar was little changed to slightly higher on Tuesday in quiet trading, with currencies generally lacking direction as market participants awaited the outcome of a Federal Reserve meeting for clues as to where U.S. interest rates are headed.
Digital payments giant Stripe's value soared to $95 billion after it capitalised on a boom in ecommerce with a round of funding that pushed it past Elon Musk's SpaceX as the most valuable U.S. startup.
The U.S. auto safety agency said on Monday it is investigating a crash in Detroit on Thursday involving a Tesla that became wedged underneath a tractor-trailer and reportedly left a woman in critical condition.
China's Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities by authorities and the country's overall tightening of financial technology regulations.
