A former senior advisor for the Federal Reserve was arrested Friday on charges that he conspired to steal Fed trade secrets for the benefit of China. The data that the advisor John Harold Rogers allegedly shared with his co-conspirators could allow China to manipulate the U.S. market “in a manner similar to insider trading,” according […]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former senior Federal Reserve official was arrested on Friday after US prosecutors accused him of passing on economic secrets to China. John Harold Rogers, a senior adviser in the division of international finance at […]
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US Federal Reserve is on a collision course with Donald Trump, economists say, with the central bank set to keep interest rates on hold despite the president’s calls to reduce borrowing costs […]
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The Federal Reserve is not expected to cut interest rates on Wednesday but the US central bank’s policy is already under scrutiny from President Donald Trump. Investors overwhelmingly expect the Fed to hold […]
At the end of 2024, a US court authorized the Department of Justice to sell 69,370 bitcoins from “the largest cryptocurrency seizure in history.” At bitcoin’s current price, just under $92,000, these bitcoins are worth nearly $6.4 billion, and crypto outlets are reporting that DOJ officials have said they’re planning to proceed with selling off […]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top Federal Reserve official has said the US central bank is “pretty close” to meeting its objectives on inflation and employment, underscoring investor expectations that policymakers will refrain from sharp interest rate cuts this […]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Federal Reserve officials indicated that the US central bank will have to take a “careful approach” in cutting interest rates further due to the rising risk that inflation will remain persistently higher than its 2 […]
Greg Wyshynski, ESPNDec 31, 2024, 05:54 PM ET Close Greg Wyshynski is ESPN’s senior NHL writer. New York Rangers star goaltender Igor Shesterkin has been placed on injured reserve with an upper-body injury, an NHL source told ESPN on Tuesday. The Rangers recalled NHL veteran Louis Domingue from the AHL Hartford Wolf Pack. Shesterkin’s backup, […]
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests. The Bank Policy Institute, which represents big banks like JPMorgan, Citigroup and Goldman Sachsis joining the American Bankers Association, the Ohio Bankers League, the Ohio Chamber of Commerce and the U.S. Chamber of Commerce to file the […]
Photo by Costfoto/NurPhoto via Getty Images NurPhoto via Getty Images Traditional pillars of financial stability, such as gold and foreign currency reserves, now face scrutiny in an era of inflationary pressures, economic sanctions, and the demand for sovereignty over national assets. Gold and fiat currencies have dominated national reserves for centuries, but a new era […]
