Tag Archives: Congress

[unable to retrieve full-text content]How Google and Meta spent millions in lobbying before TikTok was hit with ban bill in Congress  Daily Mail Source link

The People’s Bank of China has cut reserve requirements for banks as Chinese officials seek to boost its economy and markets. Alibaba (BABA) Co-Founders Jack Ma and Joe Tsai reportedly acquire up to $200 million in shares. Yahoo Finance Live co-hosts Akiko Fujita and Rachelle Akuffo break down these headlines coming out China, while also taking a look at Boeing (BA) CEO David Calhoun’s meeting with US lawmakers this week to address safety and manufacturing concerns. For more expert insight and… Source link

Congress is saying “I Knew You Were Trouble” to Live Nation Entertainment (LYV). Capitol Hill ramped up its fight against the parent company of Ticketmaster during a Senate Judiciary Committee hearing on Tuesday following November’s fiasco with Taylor Swift concert tickets. The hearing included testimony from high-profile witnesses such as Live Nation Entertainment President and CFO Joe Berchtold, SeatGeek CEO Jack Groetzinger, and JAM Productions CEO and President Jerry Mickelson, among… Source link

Treasury Secretary Janet Yellen warned the formal debt limit is set to be reached next week in a letter to Congress Friday and pushed lawmakers to increase or suspend the limit in a “timely manner” to avoid far-reaching economic damage. “Failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the livelihoods of all Americans, and global financial stability,” Yellen wrote. The long-awaited milestone, after which the U.S. borrowing authority of… Source link

Rep. Kevin McCarthy is congratulated after winning the 15th vote in the House chamber as the House enters the fifth day trying to elect a speaker and convene the 118th Congress in Washington, early Jan. 7, 2023. (Alex Brandon/AP) Exhausted by the last few days of drama on Capitol Hill, which saw Republican leader Kevin McCarthy of California trying and failing to win the House speaker’s gavel 14 times before finally eking out a slim majority late Friday night? You ain’t seen nothing… Source link

Congress can finally get down to business, now that House Republicans elected Kevin McCarthy Speaker of the House after six days of chaotic voting. But McCarthy may have given up so much power to secure a handful of votes from far-right Republicans that the House remains dysfunctional for the next two years. For the time being, that doesn’t matter for the economy. A solid jobs report for December shows no sign of the recession some economists are predicting for 2023. Employers added 223,000… Source link

FTX founder Sam Bankman-Fried will need to walk a legal tightrope on Tuesday to ensure that his scheduled testimony before the House Financial Services Committee steers clear of suggested wrongdoing. And one legal expert says he’ll be listening for Bankman-Fried to explain what he knew about the company’s financial moves and corporate governance failures while serving as its CEO. “I’d want to go through the chain of events that led to the bankruptcy, so there’d be a chronological,… Source link

Congress is ramping up its fight against Ticketmaster’s parent company, Live Nation Entertainment (LYV), following last month’s Taylor Swift ticketing fiasco. On Tuesday, the House Energy and Commerce Committee wrote a letter addressed to Live Nation CEO, Michael Rapino. It requested a rundown of Live Nation’s ticketing process for Swift’s “Eras” tour, in addition to a list of actions the company has since taken to ensure consumers can better access live entertainment. The letter also asked… Source link

Chinese President Xi Jinping is expected to tighten his grip on power when China’s National Party Congress convenes Sunday. A spectacle held once every five years, the 20th Party Congress marks the culmination of Xi’s ascent in many ways, with the leader poised to secure a third five-year term, making him arguably the most powerful ruler in China since Mao Zedong. But China’s sputtering economy threatens to overshadow Xi’s coronation, with the country in the midst of its slowest… Source link

Just two weeks ago, House Speaker Nancy Pelosi renewed hopes that Congress might stop lawmakers from trading stocks on the grounds that they have access to non-public information. “We believe we have a product that we can bring to the floor this month,” Pelosi said on Sept. 14. But Congress is taking a breather until Nov. 14, after missing yet another deadline to ban or curb stock trading by senators and U.S. representatives. Lawmakers promise to take up the issue again when they re-convene,… Source link