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House lawmakers begin considering 6 bills meant to undo the dominance of Big Tech. The Biden administration plans to extend the federal moratorium on evictions for another month. Here's what happened in markets today. Central banks are urged to counter cryptocurrencies with ...
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House antitrust bills could change the internet as we know it. Here's how (CNN Business) Over the last two decades, a handful of large tech companies have pushed into nearly every corner of our lives — from communications and retail to financial services, healthcare and automobiles. The companies' biggest critics accuse them ...
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White House replaces regulator overseeing US mortgage giants following Supreme Court ruling The White House replaced the regulator who oversees mortgage giants Fannie Mae and Freddie Mac, following a Supreme Court ruling that paved the path for President Biden to put his own regulator at the top of the Federal Housing Finance Agency.
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Warren Buffett's Exit From the Gates Foundation Clouds Its Future Warren Buffett, the chairman and chief executive of Berkshire Hathaway, said on Wednesday that he had resigned as a trustee of the Bill and Melinda Gates Foundation, coming just weeks after the couple announced their divorce and raising new questions ...
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The Little Hedge Fund Taking Down Big Oil On the day the little investment firm Engine No. 1 would learn the outcome of its proxy battle at Exxon Mobil, its office in San Francisco still didn't have furniture. Almost everyone had been working at home since the firm was started in spring 2020, so when the ...
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Tech Giants Risk Fresh Tumult as Congress Hefts Antitrust Hammer A House committee will take up legislation Wednesday aimed at reining in U.S. tech giants, the first significant bipartisan push to limit the power of internet platforms, even though the measures lack a clear path to become law. Most of the six bills to be ...
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Central bank digital currencies get full BIS backing LONDON, June 23 (Reuters) - The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure 'Big Tech' does not take control of money.
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US stocks mixed as Nasdaq hovers near record, dollar turns higher WASHINGTON/LONDON (Reuters) -U.S. stocks were mixed on Wednesday after reassurances from U.S. Federal Reserve Chair Jerome Powell that the Fed is not rushing to raise interest rates, while European stocks remained under pressure. FILE PHOTO: ...
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Oil gains as draw in US crude stocks reinforces outlook for robust demand U.S. crude, gasoline stockpiles slump last week-EIA · Iran says U.S. to lift oil sanctions, U.S. says nothing agreed · OPEC+ meeting on July 1 set to discuss further easing of curbs.
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US stocks end mixed with Nasdaq at record close, dollar gains WASHINGTON/LONDON (Reuters) -Wall Street shares were mixed on Wednesday, with the Nasdaq closing at a record high, while other major U.S. indexes ended lower alongside European stocks as traders eyed the latest statements from Federal Reserve ...
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