Gary Gensler, the newly installed chairman of the Securities and Exchange Commission, put Robinhood and Citadel Securities on notice Thursday about a potential crackdown in the Biden era. Gensler, whose nomination was endorsed by Senator Elizabeth Warren, repeatedly expressed concern about the “inherent” conflicts of interest that exist in the payment-for-order flow business model used…… MORE
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Major Tesla investor dumps a big chunk of shares
A major shareholder in Tesla has become bearish about the company. Scottish fund manager Baillie Gifford & Co. sold 11.1 million shares of Tesla during the first quarter, the firm disclosed in a filing Thursday. That sell off reduced the fund’s holdings by 40% since December 31. The shares sold constitute 1.2% of Telsa’s total…… MORE
The foster care system is failing Black children and the death of Ma’Khia Bryant is one example, experts and attorney say
Ma’Khia Bryant was charging at two young women with a knife, police body camera video footage shows, when an officer arrived and fatally shot her outside the foster home she had been living in for about two months. Ma’Khia’s foster mother Angela Moore, who wasn’t home at the time, said the dispute stemmed from an…… MORE
As Trump loyalty trumps ideology, conservatives hold their noses for Stefanik
Even as Rep. Elise Stefanik has consolidated her position as the likely replacement for Rep. Liz Cheney as the No. 3 House Republican, her voting record has raised concerns from some conservatives in the House and around Washington. During a Wednesday night conference call, multiple members of the far-right Freedom Caucus voiced deep reservations about…… MORE
Democrats preparing to move security supplemental for House floor vote this month
Top House Democrats are preparing to move a $2 billion supplemental funding bill to address US Capitol security to the floor later this month, despite some outstanding questions — and reservations — among Republicans and even some Senate Democrats about the spending. House Appropriations Chairwoman Rosa DeLauro and the other leaders of the House and…… MORE
Blinken says US ‘actively looking’ at boosting security cooperation with Ukraine during trip to Kiev
Secretary of State Antony Blinken said the Biden administration is “actively looking” at strengthening security assistance to Ukraine as he pledged support for the country’s sovereignty and territorial integrity in the face of Russian aggression. The top US diplomat arrived in the Ukrainian capital Wednesday night after meeting with the G7 Foreign Ministers in London,…… MORE
US Army will allow female soldiers to wear ponytails in all uniforms
The US Army announced a change to its grooming policy on Thursday, allowing female soldiers to wear ponytails in all uniforms. In January, the Army announced new policies that allowed soldiers to wear ponytails, locs, lipstick and earrings. They were permitted to wear medium-length ponytails on the back of the scalp that did not interfere…… MORE
Secret Service director says putting agency in charge of security ahead of Capitol riot could have allowed for more resources
The US Secret Service director, testifying for the first time in public since the January 6 insurrection, told members of Congress on Thursday that putting his agency in charge of security preparations prior to the attack would have helped to better protect the Capitol. But agency director James Murray also acknowledged additional precautions could have…… MORE
Jamie Dimon calls Biden’s tax hike plan ‘a little crazy’
Several top business leaders have backed President Joe Biden’s plan to raise taxes on large corporations and the wealthy and spend more on infrastructure. But JPMorgan Chase CEO Jamie Dimon wants to see more details. “I’m concerned about how the money’s going to be spent,” Dimon said in a recorded interview for the Investment Company…… MORE
Steel prices have tripled. Now Bank of America is sounding the alarm
A bubble could be brewing in steel stocks. The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut down production as they struggled to survive the imploding economy. But as the recovery got underway, mills were slow to resume production, and that created a massive steel shortage. Now, the…… MORE
