Two senators are pressing the Biden administration to expand the authorities of the Treasury and Commerce Departments in order to prevent China’s communist regime from benefiting from U.S. innovation and investments. On Feb. 21, Senate Select Committee on Intelligence Chair Mark Warner (D-Va.) and Vice Chair Marco Rubio (R-Fla.) penned an open letter to Treasury Secretary…

Two senators are pressing the Biden administration to expand the authorities of the Treasury and Commerce Departments in order to prevent China’s communist regime from benefiting from U.S. innovation and investments. On Feb. 21, Senate Select Committee on Intelligence Chair Mark Warner (D-Va.) and Vice Chair Marco Rubio (R-Fla.) penned an open letter to Treasury Secretary…

The Biden Administration has proposed an expansion of current contraceptive coverage under the Affordable Care Act (ACA) by removing an existing Trump-era policy that made it easier for employers to deny birth control coverage in company-sponsored health plans. The Departments of Health and Human Services (HHS) and the Treasury proposed the rule on Jan. 30,…

ChatGPT, an artificial intelligence system, passed a graduate-level business examination at the University of Pennsylvania’s Wharton School, according to a new research paper. Christian Terwiesch, a professor at Wharton, considered one of the most prestigious business schools in the United States, said he wanted to test growing concerns about the chatbot’s potential. It comes amid a…

ChatGPT, an artificial intelligence system, passed a graduate-level business examination at the University of Pennsylvania’s Wharton School, according to a new research paper. Christian Terwiesch, a professor at Wharton, considered one of the most prestigious business schools in the United States, said he wanted to test growing concerns about the chatbot’s potential. It comes amid a…

The U.S. Treasury is taking steps to strengthen the resilience of the Treasury debt market and private money market and bond funds, but the U.S. financial system is functioning well despite elevated global volatility, Treasury Secretary Janet Yellen said on Monday. Yellen, speaking to the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting in…

The market for global bonds historically has been safe and subdued. However, in 2022, the international bond market has turned extremely volatile, with the selloff resulting in trillions of dollars’ worth of losses. From U.S. Treasurys to UK gilts, many advanced economies have been affected by the chaos unfolding in the industry. US Treasury Buybacks…

The market for global bonds historically has been safe and subdued. However, in 2022, the international bond market has turned extremely volatile, with the selloff resulting in trillions of dollars’ worth of losses. From U.S. Treasurys to UK gilts, many advanced economies have been affected by the chaos unfolding in the industry. US Treasury Buybacks…

NEW YORK—Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last week showed higher-than-expected consumer prices in August, dashing hopes that the worst…

WASHINGTON—The U.S. Treasury Department said on Friday it approved four additional state plans for the State Small Business Credit Initiative worth $750 million, bringing total approvals under the COVID-19 recovery venture capital program to $2.25 billion. The $10 billion SSBCI program aims to address a shortage of capital for new business startups and other small…