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186 articles, grouped into stories

DOJ not reopening criminal probe into Powell, Blanche saysThe U.S. Justice Department is not reopening a criminal probe into former Federal Reserve Chair Jerome Powell for cost overruns ​related to the central bank's building renovation project, a DOJ spokesperson said on Friday. Attorney General Todd ⁠Blanche, in comments to Bloomberg News, which first reported the ‌development, said he has not ​ruled out…
US stocks rise near their record after the latest jobs report eases worries about inflationU.S. stocks are rising near their record after the latest jobs report cooled worries that a potentially hot U.S economy could make inflation worse. The S&P 500 climbed 0.7% Friday and pulled within 1% of its all-time high. The Dow Jones Industrial Average added 233 points, and the Nasdaq composite rose 1.2%. They got a boost after a report showed U.S.…
No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanagedThe Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. The Fed’s inspector general said that a variety of missteps by its Board of Governors inflated the cost of the $2.4 billion…