Author: Press Room

Democratic Rep. Alexandria Ocasio-Cortez of New York reiterated on Sunday her call for the impeachment of Supreme Court Justice Clarence Thomas following revelations that he didn’t disclose several luxury trips subsidized by a Republican megadonor. In an interview with CNN’s Dana Bash on “State of the Union,” Ocasio-Cortez called for an inquiry into the matter, saying it was “the House’s responsibility to pursue that investigation in the form of impeachment.” “I believe that we should pursue the course. And if it is Republicans that decide to protect those who are breaking the law, then they are the ones who then…

Stock futures traded steady Monday as investors assessed the monthly U.S. jobs report that showed a slowdown in hiring, and looked ahead to inflation data and the beginning of corporate earnings season later this week. These stocks were poised to make moves Monday:  Pioneer Natural Resources (ticker: PXD) was rising 6.7% following a report from The Wall Street Journal that said Exxon Mobil (XOM) had held preliminary talks with the shale driller about a possible acquisition. Discussions between the two companies about a potential deal have been informal, people familiar with the matter told the Journal. Exxon dipped 0.2%. First Republic Bank…

Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly!INVESTING NEWS & TRENDSGot gold? Biggest gold ETF attracts investors as the ‘safe haven’ yellow metal shines There’s been a bit of a gold rush lately. Read More ‘Every time the bulls think they can celebrate, the Fed or the Treasury throws cold water on the party.’ This rally so far is an oversold one. S&P 500 resistance is at 4040, with support at 3760, writes Lawrence McMillan. Read MoreThis Gabelli financial-fund manager has bucked this year’s brutal…

Borrowers are slated to resume student loan payments in a few months and if they need help, it may be harder to get someone on the phone than in the recent past. In documents filed with the Securities and Exchange Commission, Nelnet NNI, -0.18%, a publicly traded company that owns two major student loan servicers, detailed changes to its contract with the Department of Education starting April 1, including cutting the minimum number of hours its customer service center is required to be open each week.  The company also said it laid off 550 staff. The cuts come after the Department…

The U.S. Securities and Exchange Commission is embarking on its most ambitious program of market-structure reform in a generation in the wake of the meme-stock saga that focused the public’s attention on stock-market plumbing like never before. The financial rule making process is typically dominated by insiders with the knowledge and resources to keep up the pressure on regulators, but this time around individual investors are using the power of social media to organize and make their voices heard. See also: Gensler’s meme-stock reforms are meant to help retail traders. Some investor protection advocates aren’t so sure. Their newfound might…

© Reuters. FILE PHOTO: A man uses a mobile phone outside a 7-Eleven convenience store in Tokyo, Japan December 6, 2017. REUTERS/Toru Hanai TOKYO (Reuters) -ValueAct Capital criticised Seven & i Holdings on Friday for having failed to provide clear answers to key questions about the Japanese retail giant’s strategy, building up tension ahead of its annual shareholders meeting. “Seven & i did not answer any of the nine questions posed by ValueAct in a clear and specific way,” ValueAct told Reuters in a statement, a day after Seven & i independent directors promised to continue reviewing strategic alternatives. The…

By Kate Abnett BRUSSELS (Reuters) – The U.S. and EU pledged on Tuesday to confront any attempts to destabilise global energy markets, after meeting in Brussels to discuss the impact of Russia’s invasion of Ukraine. Cooperation on energy between the United States and the European Union has intensified since Russia slashed gas deliveries to Europe after its invasion of Ukraine last year. This plunged the continent into a crisis over energy supplies and record-high prices. European politicians have accused Russia of “weaponising” its energy supplies and the U.S. and EU have imposed sanctions on Russian goods including coal and oil,…

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries about a banking crisis revived investors’ appetite for riskier currencies. Investors took solace from First Citizens BancShares’ agreement to buy all of failed lender Silicon Valley Bank’s deposits and loans, and the fact that no further cracks have emerged in global banking in recent sessions. The , which measures the currency against six rivals, was 0.31% lower on the day at 102.43, inching closer to the near seven-week low of 101.91 touched on…

By Lindsay (NYSE:) Dunsmuir (Reuters) -The Federal Reserve should stick to raising interest rates to lower inflation while the labor market remains strong, given the high probability recent financial stresses will continue to abate and absent a marked tightening of credit conditions, St. Louis Fed President James Bullard said on Thursday. “We’ve got a long ways to go and I think inflation is going to be sticky going forward, it’s going to be difficult to get inflation back down to the 2% target … so we are going to have to stay at it in order to apply pressure to…

For the past year, it’s been harder and more expensive for Russians to travel abroad.But some say that’s only the beginning of their concerns.With anti-Russian sentiment on the rise, several Russian citizens spoke to CNBC Travel about their worries, how they’re treated when they travel, and what goes through their minds when people ask where they are from.How traveling has changed for RussiansJulia Azarova, an independent journalist, said she left Russia a year ago. She said she fled Moscow for Istanbul after the invasion of Ukraine, before eventually settling in Lithuania.”I had to leave my own country” or risk imprisonment,…