“‘Ultimately, I think he will spend a night or a weekend in jail.’” — Ty Cobb That’s Ty Cobb, a former White House lawyer under Donald Trump, on what the former president could be facing if he continues to violate a federal judge’s gag order. Earlier in October, U.S. District…

By Jarrett Renshaw (Reuters) – The Biden administration on Tuesday will seek to impose new rules on retirement plan providers to close loopholes that officials argue allow the industry to sell products that boost their revenue at the expense of customers, the latest effort by the administration to crack down…

Story developing. Check back for updates. The numbers: A measure of what it costs businesses to employ workers rose a sharp 1.1% in the third quarter, keeping upward pressure on U.S. inflation. Economists polled by The Wall Street Journal had forecast a 1.0% increase in the so-called employment cost index.…

The Swiss National Bank (SNB) reported a Q3 profit of 1.7 billion francs for 2021, defying previous loss forecasts. This turnaround was primarily driven by a surge in gold holdings and earnings from foreign currency positions. The bank’s gold assets saw an appreciation of 1.1 billion francs, while earnings from…

The UK’s response to President Biden’s Inflation Reduction Act, a $369 billion green investment subsidy legislation, is causing concern among critics who believe the country is falling behind in the global race to cut carbon emissions. Finance Minister Jeremy Hunt has been under scrutiny for his decision to offer subsidies…

Federal prosecutors on Monday sought to chip away at FTX founder Sam Bankman-Fried’s credibility, pointing to discrepancies between his public comments and actions taken behind the scenes as the company collapsed. In a steady drumbeat of questions, Assistant U.S. Attorney Danielle Sassoon tried to paint Bankman-Fried, the 31-year-old former wunderkind…

Cooling inflation will likely keep the Federal Reserve on pause in coming months, traders bet on Friday, even as persistent underlying price pressures amid strong consumer spending kept some chance of a rate hike later this year in play. The personal consumption expenditures price index, which is the Fed’s preferred inflation…

President Joe Biden’s forthcoming executive order on artificial intelligence is taking aim at discrimination in the housing market, calling on federal agencies to crack down on lending bias. Biden is due to speak about the order at 2:30 p.m. Eastern today. In a summary of the order, the White House…

(Reuters) – U.S. investors remained net sellers of equity funds in the week to Oct. 25 driven by higher bond yields and concerns over the Israel-Hamas conflict. According to LSEG data, investors divested a net $2.69 billion worth of U.S. equity funds in the week, registering their sixth consecutive week…

President Joe Biden’s sweeping executive order on artificial intelligence issued Monday afternoon could greatly shape how AI evolves as it extends its tentacles into the U.S. economy and national security.The order will require the tech industry to develop safety and security standards, introduce new consumer protections, and ease barriers to…