With former President Donald Trump returning to the White House and bringing with him Republican regulators who are anticipated to relax capital requirements and merger
Category: US
The World on edge as Trump regains the U.S. presidency.
The election of Donald Trump as the 47th president of the United States on Wednesday marked an incredible return for a former president who, four
U.S. watchdog unveils “open banking” rules to spur competition, control of data by consumers.
On Tuesday, the leading U.S. consumer financial protection watchdog agency released long-awaited regulations that will encourage competition and push open banking by giving customers the
U.S. budget deficit hits $1.8tr, with interest on federal debt over $1tr.
The Treasury Department announced Friday that the U.S. budget deficit increased to $1.833 trillion for fiscal 2024, the largest since the COVID era, as interest
Federal Reserve signals victory over inflation with a large half-point rate cut.
On Wednesday, the Federal Reserve slashed its benchmark interest rate by an exceptionally significant half-point. This was a drastic departure from the more than two
The U.S. government will raise $250b from the proposed minimum tax rule on large corporations.
The biggest American corporations would have to pay taxes equal to at least 15% of their income under a new regulation that the Biden administration
U.S. Treasury recovers $1.3b overdue taxes from wealthy tax dodgers.
Since last fall, the IRS has amassed $1.3 billion in revenue from wealthy taxpayers who evaded paying taxes. The agency attributed this success to increased
Tesla’s Cybertruck emerges bestseller with 1m reservations, stops taking orders for the cheapest version.
Tesla’s website indicated that it is no longer accepting orders for the $61,000 base model of its Cybertruck, but that the $100,000 model is still
Biden administration grants Black and other minority farmers $2b after years of discrimination.
The President revealed on Wednesday that the Biden administration had awarded over $2 billion in direct payments to Black and other minority farmers who were
Global cyber outage: US regulator alarmed that 11 of 22 large banks plagued by weak risk management.
Based on secret assessments, a senior U.S. bank regulator discovered that 11 out of 22 large banks under its supervision have “weak” or “insufficient” risk
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