Treasury Secretary Scott Bessent said it was a mistake for Jerome Powell to attend arguments in a case on Fed independence. But Mr. Bessent attended a tariff case.
Category: Regulation and Deregulation of Industry
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Trump’s First Year Could Have Lasting Economic Consequences
President Trump’s policies have so far done little to change the overall state of the American economy, but economists warn they will ultimately weaken the United States.
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The Rise of Prediction Markets
Billions of dollars are trading hands on sites like Polymarket and Kalshi, where people bet on everything from Taylor Swift’s wedding date to election outcomes.
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Powell, an Unlikely Foil, Takes On Trump
Jerome H. Powell, the chair of the Federal Reserve, this week tapped a groundswell of support that has been years in the making.
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Uber’s Quest to Crack Japan Leads Through a Rural Hot-Springs Town
The ride-hailing giant’s chief executive has made a bet on how it can finally grab a bigger piece of one of the world’s largest taxi markets.
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Coinbase, the Biggest U.S. Crypto Company, Asserts Its Power in Washington
The top executive of the crypto exchange Coinbase scuttled a planned Senate committee vote on a major cryptocurrency bill after voicing his concerns, a sign of the company’s clout.
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Earnings Fall Short at Bank of America, Citi, JPMorgan and Wells Fargo
This week, Bank of America, Citi, JPMorgan and Wells Fargo released fraught earnings reports as President Trump’s threatened cap on credit card rates loomed large.
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Coinbase and the Crypto Revolt Against a Crypto Bill
Legislation to establish a regulatory framework for digital tokens has been thrown into turmoil — by one of its biggest champions.
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In a Risky Gambit, Trump Tries Brute Force to Lower Prices
To assuage cost-weary voters and combat inflation, the president has resorted to a mix of threats and punishments, targeting companies and policymakers alike.
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Initial Obamacare Enrollment Drops by 1.4 Million as Expiring ACA Subsidies Drive Up Premiums
That number could increase significantly as more consumers are faced with higher bills brought on by expiring premium subsidies.