The White House said Thursday that Gary Cohn plans to remain in his job as President Trump's top economic adviser, countering reports that he is quitting over the president's comments on white nationalism.
Banking & Finance
The latest coverage of the banking and financial sectors.
By Ken Shepherd - The Washington Times
Capital One will open two cafes in Washington, D.C., where customers can enjoy a coffee and access free wifi in addition to learning about the bank's financial instruments, WTOP Radio reported Sunday. Published August 21, 2017
In a growing city where homes sell for millions of dollars and rents for downtown apartments can range from $1,500 to $15,000 a month, determining what constitutes "affordable housing" can depend on whom you ask and where you look.
President Trump disbanded two of his economic advisory councils Wednesday, faced with the embarrassing resignations of numerous business leaders amid rising condemnation over his comments about violence at a white nationalist rally and a liberal pressure campaign.
President Trump on Wednesday took another swipe at Amazon, saying the online giant is killing local retailers.
The American economy has been in a funk for a decade. Donald Trump was elected largely on his promise to see the economy regain traction and resume speed on the road to prosperity. There are encouraging signs that his strategy of releasing the regulatory brakes is working. Combined with changes in immigration policy, the years in the doldrums may soon be at an end.
The stock market continued to slide Wednesday after President Trump's saber-rattling at North Korea unsettled investors, according to analysts.
The Trump administration Tuesday slapped a punitive import tax on aluminum foil from China, following a preliminary determination that the country was dumping the product in the U.S.
A big earnings gain from Apple is sending the Dow Jones industrial average above 22,000 points for the first time.
Digital currency in the online role-playing game "World of Warcraft" is now worth more than the free-falling Venezuelan bolivar.
Which government agency has done the most to destroy innovation? The American Founders tried to create an environment to foster innovation, because they understood new inventions would increase the well-being of the citizens. And that is the reason the Constitution enabled Congress to create patents of limited duration.
Donald Trump has shown a remarkable ability to survive snubs, slights and spirited assaults almost from the day he threw his hat in the ring, more than a year ago, and he seems to relish testing the depths of the loyalty of conservatives. His remarkable twitter campaign against Attorney General Jeff Sessions, a particular favorite of nearly every conservative, might be the greatest test so far.
The U.S. economy grew 2.6 percent in the second quarter, meeting expectations and picking up steam over the previous two quarters.
U.S. home prices reached a new high in May for the sixth straight month, raising fears of another housing bubble roughly a decade after a previous one burst.
It is no secret that what the major media seem to care most about is radically different from what concerns average Americans. While the inside-the-Beltway crowd continues to focus on alleged collusion between President Trump and Russia, real concerns like the future of Social Security are ignored.
As President Trump returns from his first G20 summit in Hamburg, Germany, we are reminded that some countries do not want to see America grow stronger and be a beacon for freedom around the globe. During his historic inauguration speech while speaking about the decline of American industry, Mr. Trump made clear that "this American carnage stops right here and stops right now." It's clear that the carnage that has taken place in U.S. industries such as steel and aluminum needs to come to an end. As Mr. Trump has said repeatedly, we need to "buy American and hire American."
Eric C. Conn, the man responsible for the largest Social Security disability fraud in history, was sentenced in absentia Friday to 12 years in prison, and ordered to pay a staggering sum of nearly $170 million in restitution.
Janet Yellen, who chairs the Federal Reserve, on Wednesday told Congress that more hikes to a key benchmark interest rate are "likely appropriate" in the coming years to keep the economy moving.
Some of the country's big newspapers are plotting a strike at Google and Facebook, hoping to get an antitrust exemption from Congress to negotiate collectively with the digital giants over advertising revenue.
U.S. employers added a robust 222,000 jobs in June, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy.
President Trump jokingly bemoaned Thursday that he's not sharing in the rising wealth that the U.S. stock market is generating for other Americans.
A deteriorating intellectual property regime in the U.S. has been quietly unfolding over the last decade and has contributed to the declining standard of living for middle class Americans, the stagnant economy, and the outsourcing of high-tech manufacturing.
Silicon Valley's tech giants are routinely lauded at home for their "disruptive" innovations. But in the European Union, they could be entering a period of increased scrutiny -- and heavy penalties -- from regulators in Brussels for those same acts of disruption.
President Trump said Friday that his meeting with South Korean President Moon Jae-in was bringing the two allies closer together on trade and a strategy to deal with the dangerous regime in North Korea.
The United States has blacklisted a small Chinese bank accused of illicit dealings with North Korea, escalating the pressure on Beijing to rein in its wayward ally amid increased signs of frustration among President Donald Trump and his top advisers with China's diplomatic efforts.
"Drain the swamp!" It was the battle cry of Donald Trump's presidential campaign. Many Republican members of Congress echoed that call as well, riding it to victory -- and control of both legislative chambers.
On July 1, 17 states and localities will make a difficult youth summer job market even worse by raising their starter wages. These raises follow the 42 separate wage hikes that took place on New Year's Day.
The media has hyper-obsessed over the Kansas tax hike this year and has sold this as a repudiation of "supply side economics." But the real story in the states has been the catastrophic effects of "tax and spend" fiscal policy in Illinois.
Sears and Kmart will close a total of 20 stores this summer, Fortune magazine reported Friday.
The government's TARP bailout, meant to rescue Wall Street and the auto industry from the 2008 crash, will end up costing taxpayers a net $33 billion, the Congressional Budget Office said Friday.
President Trump's top trade negotiator outlined a tougher line on enforcing U.S. deals and told a Capitol Hill hearing that the administration has no hard deadline for completing the renegotiation of the NAFTA agreement with Canada and Mexico.
Almost any time you see the phrase "the American Dream" these days, it seems to be in a negative context. The speaker is either assuring us that it's dead or that it can be salvaged only by a radical redefinition -- one that often contradicts the basic principles this country was founded on.
If mankind can figure out how to give everyone instant communication and all the world's knowledge via the smartphone, why are we not smart enough to figure out equally convenient, quick, low-cost and secure ways of paying for goods and services to everyone on the planet? Actually, we are.
Every day there are legions of new economists who dismiss the Donald Trump economic agenda and his forecast of 3 percent growth as a wild-eyed fantasy. The consensus is that the economy "can't possibly grow at 3 percent" says The Wall Street Journal. "Slow growth is the new norm, so get used to it," writes Rucir Sharma, Morgan Stanley, chief global strategist at Morgan Stanley in Foreign Affairs magazine this month.
Growing up in Eisenhower's America, my parents spent their summers preoccupied with beach vacations and baseball pennant races -- both a welcome relief from the tough tasks of earning a living and raising children. This summer we get to obsess about whether the federal government will run out of money.
The United States is currently the world's oldest democracy. But America is no more immune from collapse than were some of history's most stable and impressive consensual governments.
There isn't much suspense about what the Fed will announce when its latest policy meeting ends Wednesday: That it's raising its key short-term interest rate for the third time in six months.
Venezuela may be in a meltdown, Brazil consumed by corruption scandals and Argentina fresh out of a recession. But for China, whose investments in Latin America top $100 billion, it's just business as usual.
Good jobs are still too scarce, and the country needs President Trump's trade, budget and tax reforms to restore opportunity, accountability and the American dream.
The federal government will run a $5 trillion deficit three decades from now, the Congressional Budget Office predicted Thursday, saying nearly 30 percent of the country's economy will be consumed by Washington's spending.
The "Fearless Girl" statue that was erected to stare down Wall Street's iconic "Charging Bull" sculpture in honor of International Women's Day will remain in place through February 2018, Mayor Bill de Blasio's office said Sunday.
DEVELOPING: The Dow Jones industrial average eclipsed 20,000 for the first time on Wednesday morning to cheers from the floor of the New York Stock Exchange.
Recent Opinion Columns
Kinder and gentler governments use market-based price incentives and less coercion. But all too many government officials forget about the superiority of the price system, and resort to the threat of or actual violence to get the people to do what they want. Business people use the price system to attract customers with lower prices and good employees by offering higher wages (the price of work) rather than coercion.
The Federal Reserve released data earlier this month showing that Americans owe more than $1 trillion in debt on their credit cards, up 6.2 percent from a year ago. Note to consumers: Quit signing up for slavery.
The Islamic State (ISIS) has lost significant territory, but its genocide continues. How can it be ended? How can it be reversed?
The Federal Reserve appears intent on raising interest rates at a quicker pace over the next two years.
The U.S. economy is underperforming, and the Federal Reserve's low interest rate policies won't reinvigorate it.
It was — and always is — enlightening to be outside the D.C. Beltway, where manufacturers grapple not only with increasing and sustaining sales, but with the real-world implications of Washington's latest action or inaction.
From The Vault
The Obama administration issued a record number of new regulations on its way out the door in 2016, leaving an administrative state that saps the economy of nearly $2 trillion a year, according to a new report being released Wednesday.
A New York artist expressed his views on Wall Street's hotly debated "Fearless Girl" statue by temporarily adding Monday his own sculpture: a pug peeing on the girl's leg.
U.S. employers added just 98,000 jobs last month, the fewest in a year, though the unemployment rate fell to a nearly seven-year low of 4.5 percent.
The U.S. economy lost momentum in the final three months of 2016, closing out a year in which growth turned in the weakest performance in five years.
The president of the U.S. Chamber of Commerce called on President-elect Donald Trump and the Republican-majority Congress on Wednesday to roll back Obama-era regulations on clean power plants and health care while pursuing new trade deals and immigration reform.
President-elect Donald Trump announced Wednesday the nomination of Wall Street lawyer Jay Clayton as chairman of the Securities and Exchange Commission.
The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans.
Roughly 6.5 million people with active Social Security numbers are age 112 and older, according to an audit by the Social Security Administration's inspector general.
Leading Wall Street regulator Ben Lawsky, who heads up the New York Department of Financial Services, warned that the United States should be preparing for a massive cyberattack on banks -- that it's inevitable, and looming.