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Yellen points to hedge funds, unregulated cryptocurrency as sources of instability

Treasury Secretary Janet Yellen took heat from both Republican and Democratic lawmakers Tuesday as she told them that “the inflation outlook still remains quite uncertain.” Yellen delivered a report to the Senate Banking Committee from the Financial Stability Oversight Council (FSOC), which was set up in the wake of the subprime mortgage crisis to make...

Biden vows to tackle inflation, criticizes GOP

President Biden on Tuesday vowed to tackle surging inflation, calling it his “top domestic priority” and seeking to contrast his economic agenda with that of the Republican Party. “I know that families all across America are hurting because of inflation,” Biden said in a speech from the White House. “I want every American to...

Yellen to warn of continued volatility as stocks plummet

Treasury Secretary Janet Yellen is set to tell the Senate Banking Committee Tuesday to be ready for continuing market fluctuations after stocks dropped to fresh 52-week lows on renewed fears of inflation and worsening geopolitical conditions. “There is the potential for continued volatility and unevenness of global growth as countries continue to grapple with the...

SEC extends deadline for public to comment on climate risk proposal

The Securities and Exchange Commission (SEC) extended how long the public will have to weigh in on a proposal that would require companies to reveal their vulnerabilities and contributions to climate change. In a Monday press release, the SEC said that people will now have until June 17 to comment on the proposal, which would...

On The Money — Stocks sink as inflation persists

The stock market is suffering huge losses amid global headwinds, higher interest rates and continued inflation fears. We’ll also look at Democrats’ struggles to raise taxes on the rich and why the Pentagon is running out of funds for Ukraine. But first, see why Kendrick Lamar and Will Smith were just trending on Twitter. Welcome...

Must-read

Glencore Will Pay $1.1 Billion to Settle Bribery and Price-Fixing Charges

U.S. prosecutors said the settlement followed “a multiyear scheme to manipulate benchmarks used to set prices for oil at two of our country’s busiest ports.”

Law Requiring French in Quebec Becomes Stricter

Quebec’s new law limits access to government services in languages other than French, requires small businesses to operate in it and caps enrollment at English-language junior colleges.

After Fetterman’s Stroke, Doctors Look at Senate Campaign Prospects

The medical team for the Democratic nominee in Pennsylvania’s Senate race has not spoken about John Fetterman’s prognosis. But cardiac experts saw clues in campaign statements.
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