.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.
President Donald Trump says he has deemed churches and other houses of worship “essential” and is calling on governors to allow them to reopen this weekend despite the threat of the coronavirus.
Stocks are opening lower on Wall Street following a mixed showing in overseas markets.
Sergeant First Class Christopher Jones talked to Cheddar about how the U.S. Army eSports division, launched out of Fort Knox, Tennessee as a recruitment effort, is thriving amid the coronavirus pandemic.
Stocks are ending lower on Wall Street as tensions flared again between the U.S. and China and as more dismal news came out detailing economic fallout from the coronavirus pandemic.
Stocks were wavering between gains and losses in morning trading on Wall Street Thursday.
The Supreme Court is temporarily preventing the House of Representatives from obtaining secret grand jury testimony from special counsel Robert Mueller’s Russia investigation.
Chris Soukup, CEO of Communication Service for the Deaf discussed with Cheddar the challenges facing the community with a lack of resources and much of the new normal stemming from stay-at-home orders.
U.S. health officials have quietly released more reopening guidance that was created more than a month ago but initially shelved.
Biden campaign senior advisor Symone Sanders told Cheddar on Tuesday,"Vice President Biden said just last week he can't wait to get back out there on the campaign trail, but we're going to do so when it's safe."
