Washington: About 33 of the top 100 hospitals in the US are sending sensitive patient data to Facebook, now known as Meta, via a tracking tool installed on their websites, according to a media report. Whenever a person schedules a doctor’s appointment, the tracker called the Meta Pixel sends Facebook data — which includes details … Read more
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades to fight inflation that is running at a 40-year high. Officials agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday, which will increase the … Read more
Congress is pressing ahead with legislation that could rewrite the rules for American companies investing abroad, proposing the screening of investments in countries like China seen as adversaries to protect U.S. technologies and rebuild critical supply chains. The measure, part of broader legislation to bolster U.S. competitiveness with China, would require American companies and investors … Read more
WASHINGTON—The Supreme Court on Monday ruled unanimously that airline baggage handlers can’t be compelled to resolve employment disputes through individual private arbitration, bucking a trend of recent decisions making it easier for employers to avoid class-action lawsuits brought by workers. Writing for the court, Justice Clarence Thomas said baggage handlers expressly are exempted from the … Read more
Federal Reserve officials thought they would need to raise interest rates by a half percentage point at each of their next two meetings when they approved an increase at their meeting earlier this month. Minutes from the Fed’s May 3-4 meeting, released Wednesday, also showed officials discussed the possibility they would raise interest rates to … Read more
U.S. existing-home sales data for April are expected to show a third straight month of declines. Photo: jim lo scalzo/EPA/Shutterstock U.S. retail sales and existing-home sales data for April highlight this week’s economic calendar. Monday China’s economic activity is expected to cool further in April after authorities tightened rules to prevent the spread of Covid-19. … Read more
WASHINGTON— Sarah Bloom Raskin, President Biden’s nominee to become the government’s most powerful banking regulator, withdrew from consideration on Tuesday, the White House said, amid opposition to her nomination from Republicans and a key Democrat. The withdrawal is a major blow for the Biden administration, which has struggled to advance its financial nominees through the … Read more
WASHINGTON—Regulators are carrying out a sweeping investigation of conflicts of interest at the nation’s largest accounting firms, asking whether consulting and other nonaudit services they sell undermine their ability to conduct independent reviews of public companies’ financials, according to people familiar with the matter. The Securities and Exchange Commission probe highlights the agency’s new focus … Read more
(This story originally appeared in on Mar 14, 2022) The United States is urging China not to help Russia out in the Ukraine crisis amid growing apprehension in Washington over whether Beijing and New Delhi will bail out Moscow from a debacle the west is seeking to impose on it. US National Security Advisor Jake … Read more
The Fed is looking to cool demand and control inflation. Photo: Jonathan Ernst/REUTERS By WSJ staff March 13, 2022 3:00 pm ET The Federal Reserve’s monetary policy meeting takes center stage this week, with the central bank expected to raise its benchmark interest rate for the first time since 2018. Tuesday Growth in China’s industrial … Read more