‘Hurry up and get it done’: Norfolk Southern set railcar safety checks at one minute
Norfolk Southern’s practices are a prime focus of federal regulators after several major accidents since December 2021, three of which resulted in fatalities.
Silicon Valley Bank: What we learned, what’s next after the collapse
Silicon Valley Bank's collapse is prompting scrutiny of the bank's poor risk management and regulators' failure to get the bank to change course before its implosion.
Citigroup CEO says banking system ‘pretty sound’ after failures of Silicon Valley Bank, Signature Bank
Citigroup Inc CEO Jane Fraser on Wednesday expressed optimism in the nation's banking system despite the failures of Silicon Valley Bank and Signature Bank.
FTC considering 'Click to Cancel' rule in bid to ease pain of ending subscriptions
The Federal Trade Commission is proposing a new "Click to Cancel" rule that would force companies to make it easier for consumers to drop unwanted subscriptions.
Senate Banking Committee announces hearing in Silicon Valley Bank collapse
Senate Banking Committee Chairman Sherrod Brown on Tuesday said lawmakers will hold a hearing next week on the collapse of Silicon Valley Bank.
FCC adopts first rules cracking down on text messaging scams
The Federal Communication Commission (FCC) announced its first regulations that specifically target robotext messages used to promote phishing links and install malware.
Silicon Valley Bank collapse would have been 'prevented' if not for Trump deregulation, Senate Democrat says
The leading Democrat on the congressional Joint Economic Committee blamed regulatory rollback under former President Donald Trump for Silicon Valley Bank's collapse.
Silicon Valley Bank collapse: GOP's Vivek Ramaswamy says more regulation would encourage ‘crony capitalism’
Republican 2024 presidential contender Vivek Ramaswamy believes that more regulation of the financial industry in the wake of the Silicon Valley Bank would encourage crony capitalism.
Signature Bank shut down in connection with Silicon Valley Bank collapse
Federal regulators said Sunday Signature Bank has been shuttered, marking the second massive bank failure after the collapse of Silicon Valley Bank last week.
China chip war heats up after major European manufacturer blocks access to tech; Beijing aims dig at US
The Netherlands' trade minister told lawmakers on Wednesday that China must be blocked from accessing chip manufacturing technology, stoking anger from Beijing.
House Republicans propose major energy and permitting reform package
House Speaker Kevin McCarthy and Majority Leader Steve Scalise unveiled Republicans' new energy and permitting reform package in an appearance on Fox Business Network's "Kudlow."
Turkey’s competition watchdog hits Elon Musk with fine over Twitter acquisition
Turkey's competition watchdog said Monday it is fining Elon Musk for failing to seek the regulatory agency's permission before acquiring Twitter.
Norfolk Southern’s Ohio train derailment puts railroad equipment sensors in spotlight
Norfolk Southern has pledged to change its operating practices after a derailment in East Palestine, Ohio was caused by an overheated bearing on a railcar.
South Korea says US Chips Act subsidies have too many requirements
SK Group of South Korea has pledged a $15 billion U.S. investment that includes semiconductor research and development.
Biden's decision on massive Alaska oil project looms
President Joe Biden and his Interior Department are considering whether to approve a major oil and gas development on Alaska's North Slope that's known as the Willow Project.
California court orders oil company to pay big after several spills damage natural resources
HVI Cat Canyon Inc., has been ordered to pay the U.S. government and the State of California $65 million in damages and cleanup costs for more than two dozen oil spills.
Biden admin tells companies seeking CHIPS funding to avoid stock buybacks, provide child care plans
The Biden administration is making funds available under the CHIPS Act, and companies will be more likely to get funding if they refrain from stock buybacks.
Altria in talks to buy vaping startup NJOY for at least $2.75 billion, divest its stake in Juul
NJOY is one of the few e-cigarette makers whose products have clearance from federal regulators, an advantage over larger e-cigarette rivals Juul and Vule.
Supreme Court to hear challenge to Consumer Bureau’s funding
The CFPB's creation was a part of the Dodd-Frank financial overhaul intended to safeguard consumer welfare. It's constitutionality has been questioned by Republicans for years.
Nevada medical flight crash that killed five outside Reno is fourth incident in recent years: NTSB
A medical transport flight that crashed in northern Nevada is the fourth incident investigated by the National Transportation Safety Board in recent years.