Latest Financial industry regulation News

Bed Bath & Beyond tumbles after influential investor exits

Aug. 18, 2022 20:45 PM EDT

NEW YORK (AP) — The newest meme stock on Wall Street, Bed Bath & Beyond, tumbled even further in after-hours trading Thursday after a high-profile activist investor confirmed that he's bailed out of the stock. Ryan Cohen, the co-founder of Chewy who helped ignite a couple of...

Companies facing 1st tax on stock buybacks in Biden bill

Aug. 16, 2022 16:52 PM EDT

WASHINGTON (AP) — Democrats have pulled off a quiet first in their newly signed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill President Joe...

Inflation Reduction Act may have little impact on inflation

Aug. 16, 2022 16:11 PM EDT

WASHINGTON (AP) — With inflation raging near its highest level in four decades, President Joe Biden on Tuesday signed into law his landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American...

Justice Dept. weighs in on 2020 election robocall suit

Aug. 12, 2022 20:55 PM EDT

NEW YORK (AP) — The U.S. Justice Department has weighed in on a civil lawsuit against two conservative political operatives accused of using robocalls to dissuade Black voters from taking part in the 2020 election. The department said Friday that defense lawyers for the two men...

Three Chinese corporate giants leaving NY stock exchange

Aug. 12, 2022 07:34 AM EDT

BEIJING (AP) — Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies in the midst of a dispute over scrutiny of company audits. ...

State courts say no COVID-19 loss insurance for restaurants

Aug. 11, 2022 15:06 PM EDT

COLUMBIA, S.C. (AP) — The South Carolina Supreme Court said Wednesday that a sports bar chain could not recoup damages from its insurance policy over the COVID-19 pandemic and subsequent shutdown. The ruling in Sullivan Management, LLC v. Fireman’s Fund Insurance Company is the...

Editorial Roundup: South Dakota

Aug. 11, 2022 12:33 PM EDT

Yankton Press & Dakotan. August 9, 2022. Editorial: Insulin Cap: Why Is There Resistance? What’s the argument against capping the price of insulin for people with private insurance? It’s a timely question amid the negotiations over the...

Security firm finds flaws in Indian online insurance broker

Aug. 10, 2022 17:08 PM EDT

NEW DELHI (AP) — Last month, a cybersecurity startup told a major Indian online insurance brokerage it had found critical vulnerabilities in the company’s internet-facing network that could expose sensitive personal and financial data from at least 11 million customers to malicious hackers. ...

Senate Democrats pass budget package, a victory for Biden

Aug. 07, 2022 18:48 PM EDT

WASHINGTON (AP) — Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warming, moderating pharmaceutical...

Dems' climate, energy, tax bill clears initial Senate hurdle

Aug. 07, 2022 01:27 AM EDT

WASHINGTON (AP) — Democrats pushed their election-year economic bill toward Senate approval early Sunday, starting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the...