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U.S. charges Russian oligarch with Ukraine-related sanction violations
U.S. Attorney General Merrick Garland announces a federal investigation of the City of Phoenix and the Phoenix Police Department during a news conference at the Department of Justice on August 05, 2021 in Washington, DC. Kevin Dietsch | Getty Images WASHINGTON — The Justice Department on Wednesday announced the first known criminal charge against a Russian […]
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Yellen warns that war in Ukraine will have ‘enormous’ global economic impact
U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System,” on Capitol Hill in Washington, U.S., April 6, 2022. Tom Brenner | Reuters Treasury Secretary Janet Yellen cautioned Wednesday that Russia’s attack on Ukraine could cause a major hit to the global economy. “Russia’s […]
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U.S. sanctions Putin’s adult children, bans all new investment in Russia
Russian President Vladimir Putin chairs a meeting on agriculture via a video link at the Novo-Ogaryovo state residence outside Moscow on April 5, 2022. Mikhail Klimentyev | AFP | Getty Images WASHINGTON — The United States on Wednesday announced it would impose a new slate of sanctions on Russia that includes first-time sanctions on the […]
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Watch Treasury Secretary Janet Yellen speak live on the global financial system
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance. In remarks prepared for the hearing, Yellen in particular noted the impact […]
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Russia faces new raft of sanctions; Boris Johnson calls on Russians to ‘find the truth’
Hungary’s government summons Ukraine ambassador over ‘insults’ Hungary’s Ministry of Foreign Affairs summoned Ukraine’s ambassador for what it said was insults from Kyiv over Hungary’s position on the Russian invasion. Hungarian Foreign Minister Peter Szijjarto demanded that Ukrainian leaders “stop their insults directed at Hungary and acknowledge the will of the Hungarian people,” referencing President […]
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Key people from the Fed just spooked the markets — here’s what they said
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. Joshua Roberts | Reuters If there was any question about where the Federal Reserve stands on the key issue of the day […]
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Fed’s Mary Daly says high inflation ‘is as harmful as not having a job,’ pledges rate hikes ahead
San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. Ann Saphir | Reuters San Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost of living is causing […]
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Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’
Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol Hill January 13, 2022 in Washington, DC. Drew Angerer | Getty Images Federal Reserve Governor Lael Brainard, who normally favors loose policy and low rates, […]
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‘It’s now or never’: World’s top climate scientists issue ultimatum on critical temperature limit
The IPCC has warned that about half of the world’s population is now acutely vulnerable to disasters stemming from the burning of fossil fuels. Bloomberg | Bloomberg | Getty Images The fight to keep global heating under 1.5 degrees Celsius has reached “now or never” territory, according to a new report released Monday by the […]
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As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent
Wall Street has been beefing up hiring for digital asset teams. But some employees are walking away from name-brand institutions in search of more risk, and potentially, more reward. JPMorgan Chase, Morgan Stanley and Goldman Sachs are among the firms with dedicated groups for cryptocurrency and its underlying blockchain technology. JPMorgan has one of the […]
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