Finance
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Major banks closed accounts based on political and religious views during Biden years: report
The investigation targeted the nine largest banks the OCC supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank.
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State treasurers allege top credit rating agencies give higher rankings to Chinese companies
The state financial officers point out that China produces more emissions than any other country in the world, making the ratings "nonsensical by any objective standard."
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Treasury says it will auto-enroll millions of children into Trump accounts through new rules
The funds are intended to give children a hand up and will be made available to the account owner when they turn 18. It will then act as a traditional individual retirement account.
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Amazon becomes Fortune 500's top company in terms of revenue, ending Walmart's 13-year reign
The list is an annual ranking of America’s biggest companies by revenue based on the previous fiscal year. Amazon took the top spot by generating roughly $717 billion in revenue in the 2025 fiscal year, narrowly surpassing Walmart’s $713 billion.
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Trump in swearing-in of Kevin Warsh, says new Federal Reserve chairman should be 'independent'
In his remarks, President Donald Trump said that he wants Warsh to be an "independent" chair, and he criticized outgoing Fed chair Jerome Powell for "drifting" into climate and DEI issues.
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SpaceX confirms plans to take company public in new securities filing
The offering is expected to be the largest ever for a public offering debut. Saudi Aramco’s debut currently holds the record at $29 billion.
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Trump signs executive order to stop banks from extending credit to illegal aliens, cites security
Order cites a "recent analysis" of Chinese money laundering networks that identified how foreign passport holders have used U.S.-based accounts to facilitate the laundering of over $312 billion for criminal organizations.
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Treasury Department sanctions 12 people and entities accused of helping Iran with its oil operations
The sanctions are part of the Trump administration's Economic Fury operation, which is part of its maximum pressure campaign against Iran.
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Commerce Secretary Lutnick sits for closed-door House interview about Epstein ties
Lutnick volunteered to sit for deposition and the secretary has maintained that he has done "nothing wrong" and intends to set the record straight. He has not been accused of any crime.
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Everyday Economics: Inflation squeezes household spending
The Fed held rates where they were at 3.5% to 3.75%
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Treasury Department sanctions Chinese refinery, vessels providing oil to Iran
The department targeted the China-based independent teapot refinery Hengli Petrochemical Refinery Co., Ltd. in Dalian, China, claiming it was one of Iran’s largest customers for crude oil and other petroleum products.
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Stock markets end week with new highs after Iran confirms Strait of Hormuz is reopened
The change comes after Iranian Foreign Minister Seyed Abbas Araghchi said the strait will remain "completely" open for the length of the ceasefire.
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Dow Jones closes with 1,100 point boost, marking Wall Street's best day since last Spring
The S&P 500 spiked 184.80 points to 6,528.52. The Dow Jones rallied 1,125.37 points to 46,341.51, and the Nasdaq composite jumped 795.99 points to 21,590.63.