.By Mary Clare Jalonick and Eric Tucker
Sen. Richard Burr, R-N.C., stepped aside as chairman of the Senate Intelligence Committee on Thursday after the FBI served a search warrant for his phone as part of an ongoing insider-trading investigation tied to the coronavirus pandemic.
Senate Majority Leader Mitch McConnell announced the move, saying he and Burr had agreed it was in the Senate's best interests.
FBI officials showed up at Burr's home with the warrant on Wednesday, marking a significant escalation into the Justice Department's investigation into whether Burr broke the law with a well-timed sale of stocks before the coronavirus caused markets to plummet,
The Justice Department declined to comment. His attorney did not respond to phone and email messages, but said last month that the law is clear that any senator can participate in stock market trading based on public information "as Sen. Burr did."
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Andy Purdy, chief security officer for the company's U.S. division, refuted reports that Huawei would be manufacturing electric cars of its own.
Democrats are looking to Biden to aggressively pursue judicial appointments following Trump's rapid rate of picks. Advocates point to some early signs that the new president may be following their lead.
The government plays a key role in determining the colors of your food, and for that, we can thank the margarine wars of the late 19th century.
The Democratic-led House passed a bill that would enshrine LGBTQ protections in the nation’s labor and civil rights laws.
Rep. Jason Smith (R-Mo. 8th District), talked to Cheddar about his objections to the latest stimulus bill presented by Democrats.
The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though claims remain at a historically high level.
Federal Reserve Chairman Jerome Powell has told Congress that the central bank will not begin raising interest rates until it believes its goals on maximum employment and inflation have been reached.
An analysis by U.S. regulators says Johnson & Johnson's single-dose vaccine protects against COVID-19.
The U.S. Postal Service says it has chosen Oshkosh Defense to build its next-generation mail-delivery vehicle.
