Americans’ Finances Got Stronger in the Pandemic—Confounding Early Fears
The Covid-19 pandemic threatened to ruin Americans’ finances. For many, the opposite happened.Though initial shutdowns caused unemployment to surge to...
Banking/Credit
Trump-Appointed Chairman’s Resignation Hands Control of FDIC to Democrats
WASHINGTON—Jelena McWilliams’s decision to resign as chairman of the Federal Deposit Insurance Corp. paves the way for Democrats to gain...
WSJ News Exclusive | Biden Eyes Raskin as Top Fed Banking Regulator
President Biden is considering Sarah Bloom Raskin for a top role at the Federal Reserve as part of a slate...
U.S. Home-Price Growth Slowed Again in October
U.S. home-price growth slowed for the second straight month in October, an indication that the hot housing market may be...
WSJ News Exclusive | Early Holiday Shopping Helps Offset Omicron Damper
Fretters saved U.S. retailers from a gloomier holiday. American consumers spent at a brisk pace over the shopping season, as...
Crypto.com Will Run its First Super Bowl Ad Amid Marketing Blitz
Singapore-based cryptocurrency platform Crypto.com will run its first Super Bowl commercial in February as it seeks to become a household...
Turkey Rolls Out Economic Rescue Plan, Reversing Lira’s Spiral
ISTANBUL—Turkey’s currency mounted a dramatic, partial reversal from a monthslong collapse on Tuesday after President Recep Tayyip Erdogan announced a...
YouTube TV Loses Disney Channels Including ESPN in Standoff
YouTube TV subscribers lost access to channels including ESPN and FX after YouTube’s agreement to carry programming from Walt Disney...
Jack Dorsey and the Unlikely Revolutionaries Who Want to Reboot the Internet
The internet hasn’t turned out the way it was supposed to.In its earliest incarnation, before some Wall Street Journal readers...
U.S. Regulators Raise Concern With Stablecoin Digital Currency
Top U.S. financial regulators said they are prepared to take action to address risks to the financial system posed by...
Biden to Nominate Sandra Thompson to Lead Fannie and Freddie’s Overseer
WASHINGTON—President Biden plans to nominate Sandra Thompson to become the permanent director of the Federal Housing Finance Agency, the White...
Canada Renews Central Bank’s Inflation-Targeting Mandate
OTTAWA—The Canadian government and Bank of Canada agreed Monday to renew the central bank’s mandate to target 2% annual inflation,...
WSJ News Exclusive | Beijing Reins In China’s Central Bank
The People’s Bank of China has never been politically independent like a Western central bank, but it has nonetheless enjoyed...
Centrist Senate Democrats Signal Opposition to Biden Banking Nominee
WASHINGTON—A group of Senate Democrats have privately voiced their opposition to President Biden’s nomination of Saule Omarova to become a...
Chinese Property Developer Kaisa Proposes $400 Million Debt Swap
Kaisa Group Holdings Ltd., which in 2015 became one of the first Chinese developers to default abroad, warned it risked...
Copy of U.S. Constitution Sells for $43.2 Million as Crypto Group DAO Is Outbid
The art market wasn’t ready for revolution. A rare, first-edition copy of the U.S. Constitution sold for $43.2 million at...
Twitter CFO Says Investing in Crypto ‘Doesn’t Make Sense Right Now’
Investing some of Twitter Inc.’s corporate cash in crypto assets such as bitcoin “doesn’t make sense right now,” Chief Financial...
Fed’s Randal Quarles to Resign at End of Year
Federal Reserve governor Randal Quarles said Monday he would resign his position around the end of this year, giving President...
WSJ News Exclusive | Fed Chair Powell Seen Visiting White House on Thursday
Federal Reserve Chairman Jerome Powell was seen visiting the White House on Thursday, according to people familiar with the matter....
Fed Dials Back Bond Purchases, Plots End to Stimulus by June
The central bank approved plans to begin scaling back its bond-buying stimulus program this month and end it by June,...
