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The government’s top cost of living adviser has called on ministers to explore a temporary cap on the profits of energy and petrol companies to prevent them from cashing in excessively on the war in the Middle East.Richard Walker – a Labour peer, the chair of Iceland supermarkets and the prime minister’s “cost of living champion” – said he had asked the government to examine limiting how much businesses were able to benefit from higher energy prices after Iran’s blockade of the strait of Hormuz, a crucial shipping route for Europe’s oil and gas, and the wider conflict in the…

Robert Mueller, special counsel who probed but did not charge Trump, dies at 81

WASHINGTON—Comptroller of the Currency Jonathan V. Gould issued the following statement today at the Federal Deposit Insurance Corporation’s (FDIC) board meeting about two proposals to modernize the regulatory capital framework for banking organizations of all sizes. Today’s proposals are another important step in resetting the risk tolerance for the banking system and restoring banks to their proper role as financial intermediaries. The OCC currently estimates that the banks it supervises will see an aggregate reduction in minimum binding capital requirements of 6.9% under the proposed standardized approach. And the very largest OCC-supervised banks will see a reduction of 3.4% under…

The recent guidance from the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission establishing a taxonomy for digital assets put a “final nail” in the coffin of SEC policy under former Chairman Gary Gensler, according to Alex Thorn, the head of firmwide research at investment firm Galaxy.The SEC guidance, published on Tuesday, established a taxonomy for digital assets, dividing them into five categories, including digital commodities, digital collectibles like non-fungible tokens (NFTs), digital tools, stablecoins, and tokenized securities. The SEC guidance published on Tuesday establishes which digital assets qualify as securities. Source: SECUnder the old SEC…

Wall Street fears higher prices and slower growth will sink all stocks — but small-caps and housing hold their own.

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxMatrixport has rebranded as BIT, reflecting the firm’s continued development in digital asset financial infrastructure and services.Alongside the rebrand, BIT published its BIT 2026 Trust Whitepaper, outlining the governance, risk management and operational frameworks supporting its services.The paper provides a structured overview of the firm’s governance, compliance and operational foundations.John GeCEO John Ge said,“Digital asset markets are entering a phase in which governance, transparency and operational discipline are increasingly important.BIT reflects the continued evolution of our business and our commitment to building trusted digital asset financial infrastructure.”The firm…

Here is the latest from Trump:We are getting very close to meeting our objectives as we consider winding down our great Military efforts in the Middle East with respect to the Terrorist Regime of Iran: (1) Completely degrading Iranian Missile Capability, Launchers, and everything else pertaining to them. (2) Destroying Iran’s Defense Industrial Base. (3) Eliminating their Navy and Air Force, including Anti Aircraft Weaponry. (4) Never allowing Iran to get even close to Nuclear Capability, and always being in a position where the U.S.A. can quickly and powerfully react to such a situation, should it take place. (5) Protecting,…

Emergency expenses are eating up a lot of retirees’ money.

Abstract Following the literature that uses data from the Consumer Expenditure Survey and the consumer price index, this article examines U.S. households’ inflation experiences during the recent period from 2010 to 2023. We construct group-specific market baskets to reflect diverse spending patterns and identify key differences in inflation. Our main finding is that, although average inflation was higher and more volatile during this period, inflation inequality remained stable or even declined compared with the earlier period. Nevertheless, despite the overall similarity in households’ inflation experiences, the underlying drivers of inflation—by consumption category and specific subcategory—can differ significantly. Introduction Inflation is…

new video loaded: The Effects of High Oil PricesOur chief economics correspondent, Ben Casselman, breaks down how gasoline prices have responded to the oil crisis in the Persian Gulf, and what is in store for inflation if the price of oil remains above $100 per barrel.By Ben Casselman, Sutton Raphael, James Surdam, Joey Sendaydiego, Estelle Caswell and June KimMarch 19, 2026