China's No. 2 leader expressed hope that disputes with U.S. President Donald Trump's government can be settled amicably and warned a "trade war would benefit nobody."
Banking & Finance
The latest coverage of the banking and financial sectors.
By Dave Boyer - The Washington Times
President Trump reiterated his intention Monday to ease financial regulations imposed by Washington in 2010, saying he plans to "do a big number" soon on the Dodd-Frank law. Published January 30, 2017
Brushing aside questions about his advisers' connections to Russia, President Trump told retail executives Wednesday that he's concentrating on cutting taxes and regulations to create more jobs for the middle class and stronger business growth.
President Trump is itching for a fight with Democrats over reining in the Consumer Financial Protection Bureau, one of the most contentious reforms in response to the 2008 financial meltdown.
President Trump said Thursday that he wanted to add another "F" to the NAFTA trade deal -- with the extra "F" making the deal "fair."
The money sent home to Mexico by migrants living abroad rose to almost $27 billion in 2016, the highest on record.
Republicans who lead a key Senate panel suspended their own rules Wednesday and advanced President Trump's picks to lead the Treasury and Health and Human Services departments unilaterally, saying they had no choice after Democrats boycotted committee votes for a second day in a row.
Billed by the White House as the most ambitious attack on red tape since the Reagan era, President Trump signed an executive order Monday aimed at cutting business regulations and capping the total cost of new rules that each government agency can impose annually.
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.
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.
The U.S. Mint has unveiled a commemorative $100 gold coin that features an image of Liberty as a black woman.
With eight days remaining in office, President Obama filed a trade complaint Thursday against China over subsidies for aluminum producers.
Despite opposition from his own troops in Congress, President-elect Donald Trump on Wednesday reaffirmed his vow to slap a "border tax" on companies that move jobs outside the U.S. -- further putting the business community on notice that things will change when he is in the White House.
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.
U.S. employers added 156,000 jobs in December, capping a year of slower but solid hiring. The report is the last major snapshot of the economy President-elect Donald Trump will inherit from President Barack Obama.
President-elect Donald Trump announced Wednesday the nomination of Wall Street lawyer Jay Clayton as chairman of the Securities and Exchange Commission.
President-elect Donald Trump on Tuesday announced former Reagan administration official Robert Lighthizer as his choice to be the next U.S. trade representative.
President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House.
President-elect Donald Trump said Wednesday that his looming presidency is already boosting U.S. jobs, announcing that telecommunications company Sprint will bring 5,000 jobs back here from other countries.
The International Monetary Fund's managing director was convicted Monday of negligence by a special French court for her role in a hugely contentious arbitration award to a businessman in 2008.
Federal authorities say they're unsealing an indictment charging a hedge fund founder and six others in a $1 billion fraud case.
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.
President-elect Donald Trump announced Monday that he would appoint Goldman Sachs President Gary D. Cohn as the president's chief economic adviser and director of the National Economic Council.
President-elect Donald Trump announced Tuesday a commitment from Japan's SoftBank to invest $50 billion in the United States, creating an estimated 50,000 jobs.
Donald Trump tweeted Tuesday that he wants to cancel the White House order for a new $4 billion Air Force One, as the president-elect keeps playing hardball with American businesses.
U.S. employers added a solid 178,000 jobs in November, reflecting the steady economy President-elect Donald Trump will inherit. And the unemployment rate hit a nine-year low of 4.6 percent, though mainly because many people stopped looking for jobs and were no longer counted as unemployed.
Stores open their doors Friday for what is still one of the busiest days of the year, even as the start of the holiday season edges ever earlier.
Wilbur Ross, the billionaire investor considered the "king of bankruptcy" for buying beaten-down companies with the potential to deliver profits, is President-elect Donald Trump's choice for commerce secretary, a senior transition official said.
U.S. stocks are rising Tuesday morning after most major indexes closed at record highs the day before. Food producers Campbell Soup and Hormel are trading higher after they reported strong quarterly results, and discount store chains Dollar Tree and Burlington Stores are climbing after raising their forecasts.
JPMorgan Chase & Co. has agreed to pay $264.4 million in fines to federal authorities to settle charges that it hired friends and relatives of Chinese officials in order to gain access to banking deals in that country.
The Obama administration increasingly finds itself on the outside looking in as Canadian officials announced Thursday plans to apply for membership in the Asian Infrastructure Investment Bank, the first North American country to join the China-founded development bank.
Many of the same centrist Republicans who complained about conservatives stabbing the GOP in the back on congressional procedures are behind the effort to circumvent their own leaders and force a vote on the divisive Export-Import Bank.
A conservative group is thanking House Republicans who spurned a bid by centrist GOP members and nearly all Democrats to force a vote to revive the Export-Import Bank, an obscure credit agency that is slowly dying off amid conservative complains it handed out "corporate welfare" for far too long.
Emerging from a dust cloud of political chaos in the House, a bipartisan coalition said Friday it had mustered enough support to bring back the federal Export-Import Bank, an obscure credit agency that expired after top conservatives accused it of handing out "corporate welfare" to companies that didn't need it.
China's central bank on Wednesday devalued the nation's currency for a second consecutive day, sending more shock waves through East Asian markets.
Buffeted by scandals, squeezed profits, new competitors and a disorienting technological revolution, some of the world's biggest banks are going on a radical diet, shedding thousands of workers and shaking up the boardroom in a bid to stay profitable and relevant in a fast-changing financial landscape.
Sen. Elizabeth Warren of Massachusetts is calling on President Obama to make a proposed trade deal with Pacific Rim nations public before Congress decides whether to press forward on it.
Democrats are "overwhelmingly" opposed to both fast-track trade authority and to the Asian trade deal the administration is negotiating, exposing doubts about President Obama from within his own ranks — and an ever-shrinking number of lawmakers even willing to be persuaded by him.
Count the American head of the World Bank as one more major player ignoring Obama administration concerns to say he welcomes the creation of a major new China-sponsored development bank to fund infrastructure projects across Asia.
U.S. efforts to head off a new China-sponsored development bank for the booming Asia region ended in abject failure this week as organizers announced nearly four dozen countries — including some of America's closest Asian and European allies — have applied to membership, amid growing criticism of how the Obama administration handled the entire episode.
The rush to join the China's new development bank for Asia has become a stampede, with even longtime U.S. allies such as Georgia, South Korea, Australia and even Taiwan now saying they are ready to join despite the clear reservations of the Obama administration.
In early 2008 liberal icon Edward M. Kennedy blessed Barack Obama's long shot presidential campaign, declaring the freshman Illinois senator the next great progressive leader in a symbolic passing of the torch.
Sen. Elizabeth Warren of Massachusetts should reconsider her stated vow that she is not running for president in 2016, the Boston Globe editorial board said.
The battle of wills between Beijing and Washington over a China-sponsored development bank for Asia is turning into a rout, and the Obama administration has found itself isolated and embarrassed as its top allies lined up this week to join the proposed Asian Infrastructure Investment Bank.
Sen. Elizabeth Warren hijacked a Senate committee hearing on recreational hunting, fishing and shooting Thursday to advance her crusade against big business, calling for new laws to expose the details of legal settlements between the government and corporations accused of wrongdoing.
Nearly seven years after it was bailed out from the housing market crash, mortgage giant Fannie Mae is still engaging in behavior that could precipitate future financial crises and taxpayer losses, a government watchdog warns in a report to be released Wednesday.
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.
Academy Award-winning actress Emma Thompson and her husband, Greg Wise, say they're mulling a protest to withhold their personal tax dollars from the government, until HSBC officials connected to the bank's latest swindling scandal are sent to prison.
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.
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