Politics
SEC unveils rules to prevent misleading claims and enhance disclosures by ESG funds
Gary Gensler, chairman of the Securities and Exchange Commission, at the SEC headquarters in Washington, on July 22, 2021. Melissa Lyttle/Bloomberg via Getty Images The Securities and Exchange Commission on Wednesday proposed two rule changes that would prevent misleading or deceptive claims by U.S. funds on their environmental, social and corporate governance (ESG) qualifications and […]
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Schumer says Democrats want to craft gun reforms with GOP after Texas school massacre
Senate Majority Leader Charles Schumer, D-N.Y., conducts a news conference after senate luncheons in the U.S. Capitol, on Tuesday, May 24, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images Senate Majority Leader Chuck Schumer pledged Wednesday to renew his efforts to pass stricter U.S. gun-control laws, but acknowledged that Republicans will likely block […]
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Pennsylvania announces recount of Senate GOP primary race between Dr. Oz, Dave McCormick
Republican U.S. Senate candidate Mehmet Oz greets supporters after the primary race resulted in an automatic re-count due to close results on May 17, 2022 in Newtown, Pennsylvania. Stephanie Keith | Getty Images Pennsylvania’s Republican Senate primary race between Dr. Mehmet Oz and Dave McCormick will head to a recount, the state’s elections chief announced […]
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Saudi finance minister warns of growing global food crisis caused by Ukraine war
Mohammed Al-Jadaan, Saudi Arabia’s finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty Images Several countries are raising the alarm over the growing crisis in global food supplies triggered by Russia’s invasion of Ukraine. The warring states are among the world’s top agricultural exporters and feed much of […]
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CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by 2024
A person runs in front of the U.S. Capitol building during morning hours in Washington, February 10, 2022. Brendan McDermid | Reuters U.S. economic growth will exceed 3% in 2022, while roaring inflation has topped and will cool each month to around 2% by some point in 2024, according to a government forecast published Wednesday. […]
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Gun makers lose challenge to New York law allowing lawsuits against industry
Guns confiscated at New York City public schools are displayed at a news conference with Mayor Eric Adams at police headquarters to speak about guns in public schools in New York City on May 25, 2022 in New York City. Spencer Platt | Getty Images A federal judge on Wednesday threw out a lawsuit by […]
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Details emerge in killing of 19 children, 2 teachers at Texas elementary school
People gather at Robb Elementary School, the scene of a mass shooting in Uvalde, Texas, May 25, 2022. Nuri Vallbona | Reuters The 19 children and two teachers killed in Tuesday’s elementary school massacre in Texas were in the same classroom, where the gunman — who appears to have targeted the school — “barricaded” himself and fired […]
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SEC’s Hester Peirce says the U.S. has dropped the ball on crypto regulation
WASHINGTON — The U.S. has dropped the ball on crypto regulation, according to Securities and Exchange Commissioner Hester Peirce, and she says the knock-on effects of that failure keep her up at night. “There’s a lot of fraud in this space, because it’s the hot area of the moment,” Peirce told CNBC on the sidelines […]
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‘Make Russia pay for it’: Ukraine’s Kuleba on the massive cost of post-war reconstruction
The cost of Ukraine’s reconstruction after the country’s devastation by Russian forces will be colossal. Ukrainian officials have estimated it at a potential $600 billion, with some saying that is a modest figure and set to increase as the war drags on. International financial institutions have stressed the need for something like a Marshall Plan […]
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