Senate and House committees to hold hearings on GameStop trading fallout

Both the House Committee on Financial Services and the Senate Banking Committee announced Friday that they will hold hearings regarding “recent market instability” after a number of major online stock brokerages introduced restrictions on trades involving tech stocks commonly shorted by institutional investors.

U.S. announces restoration of relations with Palestinians

U.S. President Joe Biden’s administration announced Tuesday it was restoring relations with the Palestinians and renewing aid to Palestinian refugees, a reversal of the Trump administration’s cutoff and a key element of its new support for a two-state solution to the decades-old conflict between Israelis and Palestinians.

China President says US may trigger next Cold War

Chinese President Xi Jinping warned Monday that US efforts to isolate China may trigger a “new Cold War,” the Washington Times (WT) reports. President Xi made his remarks during a video speech to the World Economic Forum in Davos, Switzerland.

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