“We need more action on legislation that would ban Congressional stock trading. And fewer members of Congress in violation of the rules already on the books.” A leading government ethics watchdog on Tuesday renewed calls to ban members of Congress from trading stocks during their terms in office after The New York Times published a major investigation revealing that […]
BEIJING — The shockwave from Russia’s invasion of Ukraine reverberated in the world’s financial markets Thursday. London’s benchmark FTSE index was down 3.3% in midday trading, while both the CAC-40 index in Paris and Frankfurt’s DAX index were 5.5% lower. Markets in Asia and Australia all closed in negative territory in the aftermath of Russia’s attacks […]
“It’s time for Congress to act and ban members from trading stocks while they’re in office.” The momentum behind a widely popular effort to ban stock trading by members of Congress is growing, with Senate Majority Leader Chuck Schumer reportedly instructing fellow Democrats to unite behind a specific legislative proposal. “After weeks of silence, Senate Democratic […]
WASHINGTON — The same technology companies that helped drag the U.S. stock market back from the depths of the pandemic recession in 2021 led the market into a sharp plunge on Thursday after Meta Platforms, the company that owns Facebook, revealed that user growth on its marquee product has hit a plateau, and revenue from advertising […]