In the final stretch of the New York City mayoral race, Democratic candidate Zohran Mamdani is facing serious allegations. A group called the Coolidge Reagan Foundation has sent criminal referrals to the Department of Justice and Manhattan District Attorney. They claim Mamdani's campaign took illega
Barclays is stepping up its game in America. The bank just bought Best Egg, a company that gives out personal loans, for a cool $800 million. This isn't just a small move. It's a big deal for Barclays. They want to grow their presence in the U. S. beyond just credit cards. They're diving into the wo
The race for New Jersey's next governor is heating up, and the money trail tells an interesting story. Both main candidates, Mikie Sherrill and Jack Ciattarelli, have shared their campaign finance details. Sherrill, a Democrat, has a slight edge in funds. She's raised about $3. 2 million recently an
The bond market has been unusually calm lately. This quiet might not be as reassuring as it seems. Bonds are often seen as a safe bet, but when they're too still, it can signal bigger issues. Bonds are like IOUs that governments or companies give to borrow money. People usually invest in them for s
Dubai is becoming a hotspot for finance professionals. The city's tax-free status and warm weather are big draws. Many are moving from places like London, Hong Kong, and Switzerland. The Dubai International Financial Centre (DIFC) is growing fast. It now has 48, 000 finance jobs. This is a 9% increa
The U. S. Consumer Financial Protection Bureau (CFPB) has decided to cancel a plan to keep track of non-bank financial companies that break the rules. This idea was first proposed during the Biden administration to help catch and stop repeat offenders. But now, the CFPB says the costs of keeping thi
In a surprising move, the top U. S. consumer finance watchdog has decided to ditch a registry that kept track of companies breaking the rules. They said it wasn't worth the cost. This decision came after they also reversed a policy that would have stopped medical debts from showing up on credit repo
The United States remains the go-to destination for global investment, according to top finance executives. At a recent gathering in Saudi Arabia, these leaders shared their optimism about the U. S. economy, downplaying fears of a slowdown. They believe the U. S. offers better opportunities compared
Qatar is making a significant shift in its investment strategy. The country's finance minister, Ali Ahmed Al-Kuwari, recently shared plans to focus heavily on technology and artificial intelligence (AI) for future investments in the United States. This move is part of a broader goal to diversify Qat
Nick Leeson, the man who shook the financial world, is back in the game. He's not trading derivatives this time, but offering advice. Leeson, known for causing Barings Bank to collapse, has joined HedgX, a risk technology firm. His role? Advising on risk management and business growth. Leeson's pas
