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Photo: Rey Del Rio/Getty Images

Rudy Giuliani has been suspended from practicing law in Washington, D.C., according to a court filing released Wednesday.

Driving the news: This comes two weeks after a New York court ruled that he cannot practice in the state temporarily for making "demonstrably false and misleading statements to courts, lawmakers and the public" while working for former President Trump to try and overturn the results of the 2020 presidential election.

  • His license in D.C. is suspended pending the result of disciplinary proceedings in New York, the filing says.

Worth noting: "When he was suspended Wednesday, Giuliani was an inactive member of the District of Columbia bar in good standing, according to bar records," CNBC writes.

What to watch: While the court states he shall be suspended until New York resolves his case, Giuliani could potentially be suspended for longer depending on how the court decides to proceed on the matter, Politico reports.

Go deeper: Rudy Giuliani suspended from practicing law in New York

Go deeper

Supreme Court to hear Mississippi abortion case in December

Photo: Jim Watson/AFP via Getty Images

The Supreme Court on Dec. 1 will hear a challenge to a Mississippi law that bans nearly all abortions after the 15th week of pregnancy.

Why it matters: The Mississippi attorney general is asking the court to overturn Roe v. Wade, the 1973 case that set a precedent for the constitutional right to abortion.

Instagram pauses development of platform for kids

Photo: Lorenzo Di Cola/NurPhoto via Getty Images

Instagram announced Monday that it is pausing its plans to develop a version of its platform for children under 13.

Why it matters: Facebook has received backlash since the Wall Street Journal published a report that showed the company knew its Instagram app is harmful for teenagers.

Stock buybacks boom as corporate cash piles grow

The Delta variant is keeping more companies cautious about how to invest the mountains of cash they have at their disposal. That hesitancy has led, in part, to corporate spending on stock buybacks outpacing capital expenditures this year. 

Why it matters: Companies hoarded cash and raised prices over the past year — leaving them with a lot of money and decisions about what to do with it.