.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."
The S&P 500 climbed 0.4% after wavering between small gains and losses in the early going.
An autopsy commissioned for George Floyd’s family found that Floyd died of asphyxiation due to neck and back compression when a Minneapolis police officer kneeled on his neck for several minutes and ignored his cries of distress, the Floyd family’s attorneys said Monday.
Facebook employees are using Twitter to register their frustration over CEO Mark Zuckerberg’s decision to leave up posts by President Donald Trump that suggested protesters in Minneapolis could be shot.
Federal health authorities have received reports of nearly 26,000 nursing home residents dying from COVID-19, according to materials prepared for the nation's governors. That number is partial and likely to go higher.
Leslie Ricard Chambers, deputy executive counsel for Louisiana Governor John Bel Edwards, talked to Cheddar Monday morning, as cities across the country woke up after another night of unrest.
President Donald Trump is deriding the nation’s governors as “weak” and demanding tougher crackdowns on protesters in the aftermath of more violent protests in dozens of American cities.
President Donald Trump spent time in a White House bunker during Friday night's protests outside the executive mansion. Secret Service agents rushed him there as some of the demonstrators were throwing rocks and tugging at police barricades.
America’s cities boarded up windows, swept up glass and covered graffiti Sunday as the country's most significant night of protests in a half-century spilled into another day of unrest fueled by killings of black people at the hands of police.
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.
Minnesota authorities say the police officer who knelt on George Floyd has been arrested
