Investors also dumped European bonds after a surprise Swiss rate hike, putting Germany’s five-year yield on track for its biggest jump since 2011.
Rep. Richard Neal, chairman of the House Ways and Means Committee, asked the Government Accountability Office to assess the use of cryptocurrency investments in 401(k) plans.
The Federal Open Market Committee "is strongly committed to returning inflation to its 2% objective.”
Bitcoin, the largest token, has fallen for nine straight days, the longest losing streak since 2014.
But Gorman says he's more focused on nonfinancial risks, such as data stability, cyberattacks and operations risk.
The agency is reportedly looking into whether some of the investments for mutual funds offered by Goldman's asset management unit are in breach of ESG metrics promised in the marketing materials.
SEC Chair Gary Gensler argues the U.S. equities market is littered with hidden costs and conflicts of interest.
The consumer price index rose 1% in May, topping all estimates, led by increases in the costs of shelter, food and gas.
Treasury chief says it would be reasonable for Congress to regulate what assets could be included in tax-favored retirement vehicles.
The Manhattan U.S. attorney's office is reportedly investigating allegations the firm conducted sham job interviews of minority candidates to satisfy in-house diversity guidelines.
