by Lingjiao Mo | Jul 17, 2014 | Business & Tech
WASHINGTON — While Americans head off to relax for summer vacation, U.S. lawmakers are engaged in a surprisingly tense struggle over a little-known government-run bank that helps companies sell products to foreigners. The Export-Import Bank, an institution created...
by Lingjiao Mo | Jul 15, 2014 | Business & Tech
WASHINGTON —Federal Reserve Chairwoman Janet Yellen said Tuesday that the Fed will stay the course with its low interest rate to support the economy because significant slack still persists in the labor market. She also signaled the Fed’s asset purchase plan may end...
by Lingjiao Mo | Jul 8, 2014 | Business & Tech
Washington — A Senate committee examined Tuesday the fairness of high-frequency trading and questioned how regulation can keep up with the fast changing technology that has disrupted the stock market. Speedy trading firms use sophisticated algorithms to analyze orders...
by Lingjiao Mo | Jul 2, 2014 | Business & Tech
WASHINGTON — Federal Reserve Chairwoman Janet Yellen Wednesday said enhancing the capital levels of financial institutions is a better way to stabilize financial markets than raising interest rates. “I will argue that monetary policy faces significant...
