Key Words: ‘Asleep at the Switch’: Sen. Elizabeth Warren Calls for Independent Probe of Fed, Banking Regulations
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Elizabeth Warren Calls for Crackdown on Crypto’s Role in Child Sexual Abuse
US senators have called for fresh scrutiny of crypto’s role in paying for child sexual abuse imagery online, a problem that they say has worsened.Wired - Tech -
U.S. Regulators Investigate Tesla Recall Tied to Autopilot
Federal auto-safety regulators have opened an investigation into the adequacy of Tesla’s December recall of 2 million vehicles equipped with Autopilot controls.The Wall Street Journal - World - Tesla -
Trump Allies Draw Up Plans to Blunt Fed's Independence
Some former Trump administration officials argue that the president could help set interest rates and oust Jerome Powell as Federal Reserve chair.The Wall Street Journal - World - Donald Trump -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.CNBC - Business - Federal Reserve -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.NBC News - Top stories - Federal Reserve -
Economists react to Trump possibly curbing Fed’s independence: ‘Bad idea of all bad ideas’
Economists and other analysts are sounding off after a Wall Street Journal report said some allies of presumptive Republican presidential nominee Donald Trump have proposals to erode the Federal Reserve’s independence.MarketWatch - Business - Donald Trump -
Warning SEN children face 'cliff edge' after school
Caleb White is one of many children who face a 'bleak' future when they leave school, says his mum.BBC News - Top stories -
Barclays chief calls for return of UK equity risk culture
British bank reports 13% decline in quarterly profits but still beats analysts’ expectationsFinancial Times - Business - United Kingdom -
There's a Rare $25 Discount on the Nintendo Switch OLED Right Now
Nintendo's top-of-the-line handheld gaming console hardly ever goes on sale, making this small discount super appealing.Wired - Tech -
Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million
The real-estate industry has now agreed to pay nearly $1 billion to settle anticompetitive allegations.The Wall Street Journal - World -
Warren Buffett’s Real Estate Brokerage Agrees to $250 Million Settlement
HomeServices of America, the largest residential real estate brokerage in the United States, will settle the claims brought by home sellers who said they were forced to pay inflated commissions, pending court approval.The New York Times - Top stories -
Auto Safety Regulator Investigating Tesla Recall of Autopilot
The National Highway Safety Administration said it had concerns about how Tesla handled the recall based on recent crashes and testing of cars that had been updated.The New York Times - Business - Tesla -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
Would Trump Move to Control the Fed?
Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.The New York Times - Business - Donald Trump -
Would Trump Move to Control the Fed?
Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.The New York Times - Top stories - Donald Trump -
Say goodbye to your iPhone? Maybe, if antitrust regulators have their way
Make no mistake: Enforcing antitrust law and protecting consumers from large companies’ abuses is important. But it must be done carefully.The Hill - Politics -
Google's New Privacy Plan Has Flaws, Regulator Says in Internal Documents
The Information Commissioner’s Office said in a draft report that Google’s proposed replacements for cookies have gaps that advertisers can exploit.The Wall Street Journal - Tech - Google -
Net neutrality restored as FCC votes to regulate internet providers
The Federal Trade Commission has voted to restore rules to prevent broadband internet providers such as Comcast and AT&T from favoring some sites and apps over others — for instance, by slowing or blocking certain content or by offering higher ...ABC News - Tech -
The AI ecosystem is complex and dynamic: Its regulation should acknowledge that
We cannot presume that existing regulatory efforts looking backwards are either sufficient or a substitute for this bigger and more complex endeavor, which necessarily must be forward-looking, for a future that is inherently uncertain.The Hill - Politics -
How Abrupt U-Turns Are Defining U.S. Environmental Regulations
The polarization of politics means that rules are imposed, gutted and restored with each election. Experts say that’s bad for the economy.The New York Times - Top stories -
Online retailer Shein is latest to face strict European Union digital regulations
Online fast-fashion retailer Shein must face the European Union’s strictest level of digital regulationsABC News - Tech -
Giuliani, Meadows indicted in Arizona fake elector scheme
Several former and current key aides to former President Donald Trump appear to be among those charged by the Arizona State Attorney General.ABC News - Top stories -
Change Healthcare Grinds Through Massive Breach Probe
Two months after cyberattack, the claims tech company’s parent UnitedHealth Group works to identify the ‘substantial proportion’ of people in America whose personal data was compromised.The Wall Street Journal - World -
Head of Vietnam's parliament resigns amid corruption probe
Vietnamese state media outlet VN Express reports that the head of Vietnam’s Parliament, Vuong Dinh Hue, has resignedABC News - World -
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The Dream of Fed Rate Cuts Is Slipping Away
Investors are backing away from expectations that the central bank can reduce rates in coming months, hitting markets.The Wall Street Journal - World - Federal Reserve -
Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.The New York Times - Top stories - Federal Reserve -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after first-quarter data prompted investors to push back rate cut expectationsFinancial Times - Business -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after first-quarter data prompted investors to push back rate cut expectationsFinancial Times - Business -
Gallego nabs two key Latino endorsements
Civil rights icon Dolores Huerta and the United Farm Workers (UFW), the union she founded alongside Cesar Chavez, on Wednesday endorsed Rep. Ruben Gallego (D-Ariz.) in his Senate bid. Endorsements from Huerta and the UFW, key players in the birth ...The Hill - Politics -
Comex Gold, Silver Settle Higher
Gold settled 0.2% higher, snapping a three-session losing streak, and silver rose nearly 0.1%, up two of the past three sessions.The Wall Street Journal - World -
Key Solar Panel Ingredient Is Made in the U.S.A. Again
REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 2019.The New York Times - Business -
Key Solar Panel Ingredient Is Made in the U.S.A. Again
REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 2019.The New York Times - Top stories -
Connecticut Senate passes wide-ranging bill to regulate AI. But its fate remains uncertain
The Connecticut Senate has passed one of the first major legislative proposals in the U.S. to rein in bias in artificial intelligence decision-making and protect people from harmABC News - Tech -
The Justice Department is conducting a criminal investigation into McKinsey related to its past role in advising some of the largest U.S. opioid manufacturers on how to boost sales.
The Justice Department is conducting a criminal investigation into McKinsey related to its past role in advising some of the largest U.S. opioid manufacturers on how to boost sales.The Wall Street Journal - World -
Russian court orders seizure of $440mn from JPMorgan
Move follows lawsuit from state-owned bank VTB to recover funds held at America’s largest lenderFinancial Times - Business - Russia -
Russian court orders seizure of $440mn from JPMorgan
Move follows lawsuit from state-owned bank VTB to recover funds held at America’s largest lenderFinancial Times - Business - Russia -
Biden campaign will continue to use TikTok despite divest-or-ban law
US president’s campaign has posted on Chinese-owned video app in attempt to appeal to younger votersFinancial Times - Business - Joe Biden -
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss
Tangen finds US investments more attractive due to weaker regulations and more risk-takingFinancial Times - Business