Markets

The Justice Department and several states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition.

Treasury Secretary Janet Yellen asserted on Saturday that House Republicans attempting to negotiate spending cuts amid the renewed debt ceiling battle are “very irresponsible.”

The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.

The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era.

Shortly after FTX Digital Markets filed for Chapter 11 bankruptcy protection, Bahamian authorities seized $3.5 billion of digital assets from the failed cryptocurrency exchange, according to a statement late Thursday.

Since Beijing announced it is reopening China’s borders, Hong Kong announced that beginning on Dec. 29, most of the pandemic measures will be lifted but the mask mandate will remain in effect.

Blackrock is the world’s largest asset management and investment firm.

Travelers who counted on Southwest Airlines to get them home suffered another wave of canceled flights Wednesday, and pressure grew on the federal government to help customers get reimbursed for unexpected expenses they incurred because of the airline’s meltdown.

Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion.

Several US states divest approximately $11.7 billion from BlackRock due to concerns about the company's commitment to ESG principles, which may present obstacles to state pension funds and expose investors to risks.