Lawmakers’ calls to investigate the proposed partnership between the US-based PGA Tour and Saudi Public Investment Fund–backed LIV Golf are escalating. On Friday, Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, and the chair of the Senate Banking, Housing, and Urban Affairs Committee, Sen. Sherrod Brown,…

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Binance.US and the US Securities and Exchange Commission have agreed on a compromise that avoids the freezing of the exchange’s assets.On Saturday, US Judge Amy Berman Jackson approved an agreement between the two, dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets. Under the agreement, Binance Holdings, BAM Management US, BAM Trading Services, and founder Changpeng “CZ”…

Federal Reserve Chairman Jerome Powell will be in the spotlight next week with appearances on Capitol Hill in front of the House Financial Services Committee and the Senate Banking Committee. Powell’s testimony will supplement the release of the Fed’s semi-annual monetary policy report.Investors will also be watching to see if…

General Motors plans to open a fourth battery plant in the US heartland, part of its programme to chase Tesla on electric vehicle sales by following a similar playbook.Billionaire Elon Musk’s car company pursued a strategy of vertical integration over the past decade that helped make the Tesla Model 3…

GOP presidential hopeful Ron DeSantis calls for term limits in Congress Florida Governor Ron DeSantis calls for term limits in Congress and a return to the controversial presidential line-item veto. He spoke at a campaign event in Nevada. Read the full article here

BlackRock, the world’s largest asset manager, filed an application on Thursday for an exchange-traded fund backed by bitcoin in the U.S.  This is notable for a couple of reasons. First, there are currently no such products in the U.S. The SEC approved several bitcoin BTCUSD, -0.13% futures-based ETFs in the…

Kroger Inc.’s first-quarter earnings scheduled for release early Thursday may enjoy a boost from the company’s pharmacy business, according to BMO Capital Markets. Analyst Kelly Bania said an analysis of data from analytics and market research company IRI, proprietary BMO sales index analysis and food-at-home CPI, among other sources, found…

Dear MarketWatch, Before I married my wife, she took out a mortgage on a home in El Paso, Texas so she and her mom could live in it. After we married, my mother-in-law stayed at the property and made the mortgage payments. She’s not in good health and my wife…

The numbers: Total bank lending rose by $4.6 billion to $12.1 trillion in the week ending May 31, the Federal Reserve said Friday. This is the third straight week of gains. Total bank deposits rose $46 billion last week to $17.3 trillion. Deposits had recently fallen to the lowest level…