FCA | Speech: Therese Chambers | March 6, 2020 Speaker: Therese Chambers, Director of Retail and Regulatory Investigations Event: The Advancement of Digital Assets and Addressing Financial Crime Risk, New York University School of Law Delivered: 5 March 2020 Note: this is the speech as drafted and may differ from delivered version Highlights Cryptoassets such as
Federal Aviation Administration chief Steve Dickson confirmed Wednesday the agency has rejected Boeing Co's proposal to leave wiring bundles in place on the grounded 737 MAX.
U.S. Senator John Thune said on Wednesday he believes the Trump administration is evaluating use of the Strategic Petroleum Reserve, and other measures, to help oil producers deal with the plunge in crude prices due to the coronavirus and a price war between Saudi Arabia and Russia.
A large minority of Walt Disney Co shareholders who cast votes at the company's annual meeting on Wednesday opposed the company's executive pay plan, Disney said.
Activist investor Starboard Value LP has nominated a minority slate of directors to eBay Inc's board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people familiar with the matter.
U.S. passenger railroad Amtrak said on Wednesday that bookings had plunged 50% since the coronavirus outbreak and that it now expected significant service reductions and losses of hundreds of millions of dollars.
California and other states which had fought a merger of Sprint Corp and T-Mobile US Inc over concerns about higher prices for consumers and less innovation have agreed to end their opposition.
While President Donald Trump has proposed a 0% payroll tax rate for the rest of 2020, such a move could have big consequences for programs like Social Security and Medicare that rely on those taxes. And those cuts might not necessarily lead to higher consumer spending. Experts weigh in on how such a change could pan out.
The S&P 500 on Wednesday fell 20% below its Feb. 19 intraday record high, crossing the threshold into a bear market after the World Health Organization classified the coronavirus outbreak as a pandemic.
Oil prices fell 4% on Wednesday, sinking into the close of trading with renewed weakness in the stock market after the World Health Organization said the global coronavirus outbreak is now a pandemic, and as major oil producers announced plans to escalate the burgeoning price war.
Boeing Co is freezing new hiring and overtime except in certain critical areas in efforts to preserve cash due to the coronavirus outbreaks and the 737 MAX grounding, people familiar the matter said on Wednesday.
Top oil exporter Saudi Arabia said on Wednesday it would launch a program to boost production capacity for the first time in more than a decade, signaling to Russia and other rivals it was ready for a long battle over production levels and market share.
Until recently, economists were debating what it would take for the U.S. economy to fall into a recession. But after taking a cue from markets, the conversation for some economists has shifted from whether there will be a sharp downturn, to figuring out what shape the recovery could take.