News
US inflation takes a dip for the first time in three years
Much to the relief of consumers, especially the Federal Reserve, inflation has fallen for the first time in three years. Reliable statistics from the Labor Department confirm the downward trend...
Boeing found to have violated $2.5bn settlement agreement
Boeing, the aviation and airplane giant, has been found by the Justice Department to have egregiously violated the terms of a $2.5bn settlement agreement. After fatal crashes in 2018 and...
Financial quarter closes with a note on small business
The White House heralded National Small Business Week as a busy economic quarter comes to a close. President Biden, a staunch advocate for small businesses, has issued a powerful statement...
110% Monday surge for GameStop stock
GameStop, the popular gaming and console empire, has seen shares rise by 110%. This surge in the gaming company’s stock since the frenzies heights it hit during the Covid-19 pandemic....
The U.S. banking industry wins battle in $8 credit card fee war
The U.S. court system has delayed the rule to cap credit card late fees at a maximum of 8 dollars monthly, a win for major banking institutions. The legislation, a...
BP is eyeing a $1bn buyout of Tesla charging facilities
Oil giant BP is investigating the Supercharger facilities and staff that are in limbo after Tesla’s mass cuts. Tesla, the electric vehicle manufacturer founded by billionaire Elon Musk, recently decided...
Trump Media Insider Trading Case Sees Investor Convicted
A federal jury in Manhattan has found the investor involved in the recent, highly significant Trump Media merger guilty. Bruce Garelick was convicted of five counts of securities fraud and...
Six of the largest US banks take part in a Federal Reserve exercise
The Federal Reserve has released a statement detailing that some of the largest American banks participated in a new exercise. The Climate Scenario Analysis Exercise (CSA) involved some of the...
Balancing Retirement Planning and the Cost of Education
Saving for retirement and funding your children’s education can be a real challenge for many families. On one hand, you want to ensure you have enough money for a comfortable...
90% of American homes see a price rise according to Q1 report
A first-quarter report from the National Association of Realtors (NAR) found that more than 90% of homes across the U.S. saw their prices rise. The report, which comprehensively analyzed home...
Biggest covid companies record $1.5tn market value loss
According to a recent report by the Financial Times, the biggest corporate earners of the COVID-19 era are now facing losses of $1.5tn. Companies like Peloton and Ring Central, which...
Equinox to launch exclusive $40,000 gym membership to beat Father Time
Equinox, the fitness chain known throughout the United States, is set to launch an expensive personal fitness membership for $40,000. The program "Optimize by Equinox" is being developed in connection...
Leading U.S. companies are having their best patch in two years, says data provider
According to data reported FactSet, the U.S. companies in the S&P 500 are performing well above projected targets. The report, published this week by FactSet, provides a comprehensive overview of...
Massive fraud charges laid at the door of Audit Firm BF Borgers
The Securities and Exchange Committee (SEC) has laid charges at the door ofAudit Firm BF Borgers CPA PC (BF Borgers) for massive rules violations affecting thousands of filings. The regulatory...
Jobs Report shows positive signs for the U.S. economy and Fed
The U.S. Department of Labor has released its long-awaited Jobs Report. The Federal Reserve had investors on high alert for much of an unknown April as indicators pointed toward a...