Billionaire Tech Founder ‘Abused the Trust’ of a Colleague With an Insider Trading Deal
SEC announced today it would bar Sun Microsystems co-founder Andreas Bechtolsheim for allegedly improperly trading.
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Potential Interest Rate Reduction Could Have a Negative Impact on the Economy
Former banker Kevin Warsh criticized the Fed's indication of potential interest rate reductions arguing this could negatively impact the economy.
Fed’s Operating Losses Swelled to Record $114.3 Billion in 2023
The Fed's expenses exceeded its earnings in 2023 by $114.3 billion, its largest operating loss ever, forcing to forgo remittances to the Treasury.
3 Rate Cuts in 2024 Are 'In Line With My Thinking': Fed's Goolsbee
Chicago Fed President Austan Goolsbee said Monday that three rate cuts in 2024 are "in line with my thinking.
April Tax Season to Shed Light on Fed’s Asset-Runoff Path, JPMorgan Says
Drawdowns from financial markets to cover tax pymts risk pulling reserves to levels that could impact Fed's efforts to unwind its balance sheet.
Congress Faces a Long Slog as it Tries to Avert a Shutdown at Midnight
Washington has a plan to fund the government but faces a gauntlet of procedural steps in the hours ahead before it can avert a shutdown at midnight.
The Fed's Inflation Story Hasn't Really Changed
The Federal Reserve on Wednesday left forecasts that it would cut rates three times this year unchanged.
