Economists in the Biden administration are calling for more aggressive federal action to reduce costs for home buyers and renters, targeting one of the biggest economic challenges President Biden faces in his re-election bid. Policy proposals in a White House report released Thursday include potentially aggressive federal intervention in local politics, often dictating where homes…
Federal Reserve officials will wrap up their two-day meeting on Wednesday and are widely expected to keep interest rates steady at their highest level in two decades when they release their policy decision at 2 p.m But investors will likely be watching the meeting – particularly Chairman Jerome H. Powell’s 2:30 p.m. news conference –…
Norfolk Southern, the operator of the toxic chemical freight train that derailed in East Palestine, Ohio, nearly a year ago, has agreed to participate in a federal program that allows employees to confidentially report safety problems, the company and federal officials announced announced on Monday. After the derailment, Transportation Secretary Pete Buttigieg called on Norfolk…
Binance Founder and CEO Zhao Changpeng attends the Viva Technology conference on innovation and startups at the Porte de Versailles exhibition center in Paris, France on June 16, 2022. Benoit Tessier | Reuters A federal judge last month rejected a request from Binance founder Changpeng “CZ” Zhao to travel to his home in the United…
