The White House Curator’s Office oversees the art and decorative objects housed at the White House. A U.S. News article on Thursday about some Norman Rockwell art incorrectly said the White House Historical Association, which funds and maintains the collection, oversees it. Also, the historical association deferred comment to the White House press office.
The banking crisis set off by the swift collapse of Silicon Valley Bank has exposed a sharp disconnect between Washington and Wall Street. Bankers want faster, more aggressive action to shore up the industry, while the Biden White House and regulators argue they've done what they can within the limits of the law.
Chad is nationalizing all assets from multinational oil giant Exxon Mobil, including its hydrocarbon and exploration permits, said the government. The nationalization of a private company means that all assets are now owned by the government.
The regulator’s potential lawsuit against the largest U.S. trading platform could reshape the industry and upend investors’ access to crypto markets.
President Joe Biden’s choice to run the Federal Aviation Administration has withdrawn his nomination, a setback for the administration that comes after Denver International Airport CEO Phillip Washington appeared to lack enough support in the closely divided Senate. Transportation Secretary Pete Buttigieg confirmed Washington’s withdrawal in a tweet Saturday night, calling him “an excellent nominee” and blaming undeserved and partisan attacks. Republicans were united in opposition to Washington, calling him unqualified because of limited aviation experience.
(Bloomberg) -- UK Energy Security Secretary Grant Shapps called on the regulator to investigate whether power trading firms are manipulating the country’s electricity markets to boost their profits at the expense of consumers.Most Read from BloombergGreenland Solves the Daylight Saving Time DebateUS Mulls More Support for Banks While Giving First Republic TimeCredit Suisse Wouldn’t Have Lasted Another Day, Minister SaysValley National, First Citizens Said to Bid on Silicon ValleyDeSantis’s Bad W
(Bloomberg) -- A growing number of governments are banning TikTok from official phones, as concerns grow over security threats posed by the Chinese-owned social media platform.Most Read from BloombergGreenland Solves the Daylight Saving Time DebateUS Mulls More Support for Banks While Giving First Republic TimeCredit Suisse Wouldn’t Have Lasted Another Day, Minister SaysValley National, First Citizens Said to Bid on Silicon ValleyDeSantis’s Bad Week Shows Beating Trump Will Be a Difficult TaskOn
WASHINGTON (Reuters) -The U.S. Transportation Department on Friday denied an exemption request by JetBlue and Spirit to operate under common ownership, citing the Justice Department's antitrust lawsuit filed this month seeking to block the deal. JetBlue's planned $3.8 billion acquisition of ultra-low cost carrier Spirit was announced last July.
The Financial Stability Oversight Council met on Friday morning amid continued fallout from a spate of bank failures and fears of a broader financial crisis.
U.S. House of Representatives Speaker Kevin McCarthy accused President Joe Biden on Friday of not caring about the budget and debt ceiling enough to hold talks with House Republicans about their differences. "Unfortunately the President doesn't think it's important," McCarthy told reporters when asked about how talks on the debt ceiling were going. Biden and leading Democrats in Congress have urged McCarthy to unveil Republicans' plans for cutting spending, saying that further meetings before that happens would be fruitless.
House Republicans said Thursday that they are preparing a “term sheet” of conditions they want met by the President Joe Biden and congressional Democrats before they agree to raise the federal borrowing limit and avert what would be a calamitous debt default. Rep. Jodey Arrington (R-TX), the chair of the House Budget Committee, told reporters that Republicans are finalizing a list of spending cuts they will demand and that Speaker Kevin McCarthy (R-CA) has prioritized finishing that “deal sheet”
The fall of 167-year-old Credit Suisse , which UBS committed to acquire on March 19, has thrown the European banking world in crisis. Shares of Stoxx Europe 600, which is made up of the 600 biggest banks in Europe, are down 4% from a month ago while German giant Deutsche Bank 's stock has been falling for three consecutive days. Over the last few years, Deutsche Bank in particular has been through a lot of tumult.
The brokerage’s stock has plunged by more than a third this year as customers yank cash from low-yielding “sweep” accounts. What’s ahead.
Recent turmoil = a more bullish outlook? Here's how
Tesla wants to continue to dominate the automotive industry in the coming years. After seeing the rivals get closer, Elon Musk's group has unleashed an offensive in recent months to repel them. Tesla has lowered the prices of all its models, from the popular Model 3 and Model Y to the very luxurious Model X and Model S.
Determining when to retire can be tough. There are various factors to consider, including your financial situation, your health, and the lifestyle you wish to enjoy once you retire. While the decision of when to retire is personal to you, … Continue reading → The post When Do People Retire on Average appeared first on SmartAsset Blog.
Roth IRAs are one of the many ways you can save for retirement. Their key benefit – you can withdraw funds in retirement without paying taxes on the distributions – has made them very popular among tax-savvy investors. Still, there … Continue reading → The post Roth IRA Withdrawal Rules and Penalties appeared first on SmartAsset Blog.
“We've been assured there really isn't a problem in the eurozone banking system”, the finance minister of one member state told me last week in the wake of the Credit Suisse collapse. “I'm not worried by current developments”.
Market turmoil is sending nervous investors into cash, but there are several options better than parking it in a mattress.
Required minimum distributions (RMDs) are the minimum amount that you must withdraw from certain tax-advantaged retirement accounts. They begin at age 72 or 73, depending on your circumstances and continue indefinitely. There is, unfortunately, no age when RMDs stop. You … Continue reading → The post At What Age Do RMDs Stop? appeared first on SmartAsset Blog.
The world remains on a knife-edge. After a period of relative calm following the bailout of Credit Suisse, the FTSE 100 has ended the week firmly in the red again amid another sharp sell-off in bank stocks.
Yahoo Finance 
Yahoo Finance Plus