Kaplan is the second Fed president to resign Monday. Controversy swirled for Kaplan and Boston Fed President Eric Rosengren after the disclosure of their involvement in high-value trading.
Category Archives: business
BP says nearly a third of its U.K. gas stations running on empty
“They’re desperate to have more European drivers undercutting British salaries,” a minister said, blaming the crisis on a truckers’ group manufacturing panic.
Why environmentalists are alarmed this Pa. power plant is powering Bitcoin miners
Environmentalists are growing alarmed about the growing alliance between Bitcoin miners and fossil fuel companies. Olivia Solon reports on one Pennsylvania power plant that has recently turned its business around in pivoting to powering Bitcoin miners, but at a high environmental cost.
It takes a lot of energy to mine Bitcoin. That's good news for states like Texas, Kentucky.
“When people don’t see pollution, they don’t think it’s there,” one expert said.
From Christmas trees to kids' lunches, product shortages continue to hamper shoppers
Costco has even reinstated purchase limits on toilet paper, paper towels and bottled water.
United Airlines fined $1.9 million for long tarmac delays, in largest-ever penalty
Between December 2015 and February, United allowed 25 flights to remain on the tarmac for lengthy periods without allowing passengers to deplane, the DOT said.
Britain urged not to panic as shortages close gas stations, threaten food supplies
“We’ll move heaven and earth to do whatever we can to make sure that shortages are alleviated,” one government minister said.
Bitcoin takes a hit as China declares all cryptocurrency transactions illegal
The decision was made “in order to safeguard people’s properties and maintain economic, financial and social order,” the People’s Bank of China has said.
Puerto Rico's new minimum wage: 'Not enough, but a starting point'
Puerto Rico raised its minimum wage for the first time in over a decade. But the high cost of living is a challenge that keeps many families in poverty.
A property giant in China is on the brink of collapse — and the gov't might let it
The developer’s predicament could deal a serious blow to the world’s second-biggest economy as Beijing faces what may be one of its largest defaults.