Wall Street may be facing an uncomfortable four years after President-elect Biden's team confirmed it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated.
Asian shares climbed on Tuesday as investors wagered China's economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West.
Janet Yellen, U.S. President-elect Joe Biden's nominee to run the Treasury Department, will tell the Senate Finance Committee on Tuesday that the government must "act big" with its next coronavirus relief package.
Shares in Samsung Electronics and affiliates rebounded on Tuesday, reversing losses stemming from Samsung Electronics Vice Chairman Jay Y. Lee's receiving a two-and-a-half year prison term on Monday.
U.S. President Donald Trump is likely to grant clemency to rapper Lil Wayne on Tuesday in a final wave of pardons and commutations that is not expected to include lawyer Rudy Giuliani or ex-aide Steve Bannon, sources said on Monday.
Senator Kirsten Gillibrand says she will work with colleagues on legislation giving U.S. troops the same legal protections against discrimination as civilian employees, a move advocates say could be a game-changer for minorities in America's armed forces.
U.S. law enforcement is investigating whether a woman took a laptop computer or hard drive from U.S. House of Representatives Speaker Nancy Pelosi's office during the Jan. 6 siege of the Capitol and tried to sell the device to Russian intelligence, according to a court filing.
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