A new review of the Silicon Valley Bank collapse found Federal Reserve supervisory staff “knew or should have known” about the institution’s vulnerabilities, Michelle Bowman, the Fed's vice chair for supervision, said Friday. The initial findings from an outside consulting firm's independent review suggested the biggest bank failure since the 2008 financial crisis resulted from...

Warren Buffett announced Friday he will step down as chair of Berkshire Hathaway, the company he has led for more than 60 years.  The billionaire investor, who recently turned 96, will remain on the company’s board as chair emeritus. He named his son, Howard Buffett, as the next chair, effective immediately.  In a letter to...

Sens. Rick Scott (R-Fla.) and Tammy Baldwin (D-Wis.) sent a letter Thursday to Federal Trade Commission (FTC) Chair Andrew Ferguson and FTC Commissioner Mark Meador surrounding alleged anticompetitive practices by Walmart and Amazon regarding “Made in the USA” products. “We write to request that the Federal Trade Commission ... investigate alleged anticompetitive practices by Amazon...

A cryptocurrency regulation bill appears to have little momentum left in the Senate after it came up short in a floor vote Tuesday, with the industry now turning its attention to Trump administration regulators to set the rules of the road. The Clarity Act failed to secure enough support to clear a procedural hurdle Tuesday...

New Mexico gubernatorial candidate Deb Haaland (D) on Thursday backed a moratorium on the construction of data centers in her state, citing environmental and workforce-related concerns. In a policy framework on her website, Haaland backed “open, transparent, and meaningful” conversations within communities about the impacts of AI data centers. She also called for requiring data...

Michigan Senate candidate Mike Rogers called for the suspension of state and federal gas taxes on Thursday to provide relief to working families facing high pump prices.

While President Trump has not publicly criticized Federal Reserve Chair Kevin Warsh for the central bank hiking interest rates on Wednesday, the move was still the opposite of what the president wanted. “I’m relying on Kevin. But he’s got … a very tough board,” Trump told reporters in North Carolina on Wednesday, adding interest rates are “too high.”...

WASHINGTON (AP) — The number of people applying for unemployment benefits dropped sharply last week, another sign that layoffs remain rare and most Americans enjoy job security. The Labor Department reported Thursday that jobless claims slid to 196,000, the fewest since mid-July and down from 206,000 the week before. The four-week average of claims, which...

A federal judge has ordered Google to change its rules for auctioning online advertising on its platforms after finding last year that the search giant had an illegal monopoly over the technology connecting publishers and advertisers. The remedies were made public late Wednesday, when U.S. District Judge Leonie Brinkema unsealed her opinion from earlier this...

Transportation Secretary Sean Duffy announced Wednesday the Trump administration will temporarily increase how long gas and diesel truck drivers can drive, as fuel costs remain elevated amid the Iran war. Under the 90-day waiver from the Federal Motor Carrier Safety Administration (FMCSA), truck drivers hauling gasoline and diesel can drive for up to 16 hours...