President-elect Joe Biden’s team of financial regulators is taking shape, with progressive favorites being chosen for the top jobs at the Securities and Exchange Commission and the Consumer Financial Protection Bureau -- moves that mean Wall Street should prepare itself for a new era of tougher oversight and stricter rules.

Boeing Co. directors elected a former KPMG leader to its board to replace Caroline Kennedy, who resigned after three years.

The Securities and Exchange Commission has been largely silent on the financial wreckage of the U.S. shale industry in recent years, but that may be about to change.

On the verge of brand new debate about President-elect Biden’s proposals for more aid, the tax ecosystem is coping with new impact payments, new small business loans, and tax implications of last year’s payments and loans. And states are likely to lose valuable revenue from PPP loan expense deductions. Catch up on the ways the coronavirus keeps changing the world.

Exxon Mobil Corp. slumped after a newspaper report said the company is being investigated by the U.S. Securities and Exchange Commission for allegedly overvaluing a key asset in the Permian Basin.

Businesses owned by minorities and women got a head start this week in a new round of $284 billion funding, and early anecdotal evidence suggests stronger demand coming from these firms.

Wells Fargo & Co. shares slid the most in six months as the bank said low interest rates and asset sales will weigh on revenue this year and it’s embarking on a long process to cut costs.