The UK's top court recently made a big decision. It said car finance companies might not have to pay as much money back to customers as previously thought. This could be a game-changer for the industry. The court's ruling means the total compensation bill might be less than half of what was initial
Circle is set to launch its Arc blockchain, and it's not waiting around for others to catch up. Right from the start, big players like banks and asset managers will be able to jump in, thanks to a partnership with Fireblocks. This is a big deal because usually, new blockchains have to prove themselv
Frank Savage, a trailblazer in finance and sailing, passed away at 87. His journey was marked by significant achievements and a notable involvement in the Enron scandal. Savage was one of the few Black Americans to reach the top levels of global finance. He died on July 16 in Newport, R. I. , after
Mexico's President Claudia Sheinbaum has chosen Maria del Carmen Bonilla to be the new deputy finance minister. This decision ends weeks of guessing about who would take the job. Bonilla has been working at the finance ministry since 2021. She has been in charge of the unit that deals with public c
The Democratic National Committee (DNC) is making moves to clean up the 2028 presidential primaries. Ken Martin, the DNC chair, plans to propose a resolution at the upcoming August meeting. This resolution aims to tackle corporate and dark money influence in the primaries. Progressive voices, like
A former high-ranking doctor at a Brooklyn hospital has been sentenced to up to three years in prison for stealing nearly $1. 5 million. Dr. Michael Lucchesi, who was the Chairman of Emergency Medicine at SUNY Downstate Medical Center, admitted to using the stolen funds for personal luxuries over a
Money has always played a big role in American politics, but things might be about to get even messier. The Supreme Court is looking at a case that could change how much political parties can spend on campaigns together with candidates. This case is important because it could make the already compli
Germany's finance chief, Lars Klingbeil, thinks the EU needs to step up its game in trade talks with the US. He believes the EU has been too soft in the past and should be more confident when talking to the US. He wants the EU to work closely with the US, even when things get tough. Klingbeil met w
Tesla's experience with Bitcoin is a story of highs and lows. In 2021, they bet big on crypto, pouring in $1. 5 billion. But when the market took a dive in what's called a "crypto winter, " they sold off most of their Bitcoin when it was worth around $16, 000. That move didn't age well. Fast forwar
Investors often shy away from emerging markets due to perceived risks, but is this fear justified? Many times, the risks are overestimated, leading to missed opportunities. For example, after the 2023 coup in Gabon, investors pulled back from bonds across Africa, even in politically stable countries
