“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 […]
“If that is not suspicious, I don’t know what is. Somebody clearly knew something.” A Democratic congressman is demanding that the Securities and Exchange Commission investigate a shady $54 million purchase of Oshkosh Corporation stock just hours before scandal-ridden Postmaster General Louis DeJoy announced the decision to award that company with a lucrative 10-year contract to produce a new, largely gasoline-powered […]
ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Federal authorities are scrutinizing Sen. Richard Burr’s stock sell-off before the market crash triggered by the coronavirus outbreak, CNN reported on Sunday. The news comes less than two weeks after […]