U.S. issues hundreds of sanctions targeting Russia, takes aim at Chinese companies

Ukrainian servicemen ride on an armored personnel carrier in a field near Chasiv Yar, Donetsk, on April 27, 2024, amid the Russian invasion of Ukraine.  Genya Savilov | Afp | Getty Images The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow’s circumvention of Western measures, including through … Read more

Former U.S. official’s work for Chinese client stirs concern over disclosure loopholes

Former U.S. Attorney General Loretta Lynch wrote a letter to a senior Defense Department official last July on behalf of SZ DJI Technology Co Ltd, asking that her client be removed from a list of Chinese military companies. Alex Wong | Getty Images News | Getty Images When a Chinese drone company came under U.S. government scrutiny over its … Read more

Treasury proposes rule to extend anti-money laundering regs to investment advisers

US Secretary of the Treasury Janet Yellen speaks with the press after a tour with staff through the Financial Crimes Enforcement Network (FinCEN) office in Vienna, Virginia, on January 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The Treasury Department’s corruption watchdog on Tuesday issued new proposed regulations that would extend major pieces of … Read more

Why Fed rate hikes take so long to affect the economy

The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate decisions to eventually slow that growth. The increase in borrowing costs that stems from Fed decisions does not affect all consumers immediately. It typically affects people who … Read more