Two Democratic lawmakers on Tuesday expressed concerns about ex-Wall Street financiers overseeing the Commerce Department’s distribution of $39 billion in grants to the semiconductor industry, saying the staffing raised questions about the creation and abuse of a revolving door between government and industry. In a letter to the Commerce Department, Senator Elizabeth Warren of Massachusetts…

“The Empress Wintour, in her power, has disappointed me in her humanity,” he wrote in his book. “Our friendship has layered with thick rust over the years. … I am no longer of value to her.” Following her apology this week, Talley remains unmoved. “She’s part of an environment of colonialism,” he recently told Sandra…

Comment on this storyComment Add to your saved stories Save Now that regulators have cleared the way, regular investors will have easier access to the most mainstream — and valuable — cryptocurrency through bitcoin exchange-traded funds, or ETFs. The Securities and Exchange Commission’s decision Wednesday followed numerous setbacks for the digital assets sector, including several…

Question: Is there anything more absurd than red state governors rejecting federal programs that directly benefit their constituents? Easy answer: Yes. It’s the explanations they give to make their actions appear to be sober, responsible fiscal decisions. The Republican governors of Iowa and Nebraska brought us the most recent examples of this phenomenon just before…

Pennon Group, owners of South West Water is expanding its footing in southern England.

Shares in JD Sports have plummeted by more than 20% after the sportswear seller issued an profit warning. The company said its profits would be about £125m lower than previously predicted after a worse-than-expected festive trading period. It blamed more promotions and price discounting than anticipated, which it said reflected “more cautious consumer spending”. It…