Tag Archives: Congressional

While U.S. lawmakers have offered at least a dozen overlapping bills to regulate their own stock trades, it wasn’t until Thursday that a senator detailed plans for a final push to pass the legislation this year. “We need to be able to come back two weeks from now and have a consolidated vision in the Senate,” Sen. Jeff Merkley (D-OR) said of work to be done during the upcoming Easter recess. “Otherwise we are going to miss this opportunity.” With election season right around the corner, he… Source link

Pat Toomey (R-PA) speaks during a news conference to introduce the Republican infrastructure plan, at the U.S. Capitol in Washington, U.S., April 22, 2021. REUTERS/Erin Scott A leading GOP senator is threatening to draft “transparency and accountability” laws directed at the nation’s independent central bank after accusing four of the Federal Reserve’s regional banks of dodging Congressional requests for documents. Pat Toomey of Pennsylvania, the top ranking Republican of the Senate… Source link

Senators Elizabeth Warren (D-MA) and John Kennedy (R-LA) sent a letter to a key student loan servicer CEO over “what appear to be false and misleading” statements during a congressional testimony on April 13, Yahoo Finance has learned. “We write to seek information on what appears to be false and misleading testimony that you provided at a hearing before the Committee on Banking, Housing, and Urban Affairs’ Subcommittee on Economic Policy on April 13, 2021,” they wrote.  Warren, the chair… Source link

Topline Google will contribute €25 million ($29 million) to the European Union’s newly established European Media and Information Fund to tackle misinformation and fake news, the company announced Wednesday, as big tech companies face criticism and mounting scrutiny for failing to curb the spread of misinformation online. Google will contribute €25 million ($29 million) to the European Union’s newly established European … [+] Media and Information Fund zz/John… Source link

Microsoft President Brad Smith tied Google’s success to the news industry’s destruction. Pixaby … Source link

One month after GameStop (GME) shares surged to record levels due to Reddit-fueled trading, Wall Street, online brokerage Robinhood and Reddit are facing probes by the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC) and both chambers of Congress. During GameStop’s two-week meteoric rise, the S&P 500 dropped a whopping 5% from peak to trough. Wall Street felt the full brunt of the chaos. Hedge funds endured a gut-wrenching de-risking event comparable to the global… Source link