The financial world is buzzing with talk about stablecoins and their potential impact on traditional banking. Brian Moynihan, the CEO of Bank of America, has raised concerns that interest-bearing stablecoins could siphon off a massive $6 trillion from bank deposits. This shift could hit small-to-med
GM is feeling the pinch in the electric vehicle (EV) market. The company has announced a significant financial adjustment, amounting to $6 billion. This move is tied to their plans to scale back some EV production. The decision comes as demand for EVs cools down and regulatory support wanes. This i
College sports have seen a huge shift in recent years. Athletes are now getting paid, some making millions. This change came after two big court rulings. First, the Supreme Court said in 2021 that the NCAA couldn't limit benefits for athletes. Then, they allowed athletes to be paid for their name, i
Life doesn't always go as planned, and that's okay. Big life events can shake up your retirement plans in a big way. These events can be happy, sad, or just unexpected. They can change when you retire and how you live after you stop working. Some events have a huge impact. Losing a spouse or gettin
In a small farming community near Ann Arbor, Michigan, a heated debate has been sparked by a recent decision made by the Saline Township Board of Trustees. The board chose to settle a lawsuit, allowing a massive data center project to proceed. This project, involving OpenAI and Oracle, has caused qu
Pennsylvania and New Jersey are facing a growing problem with gambling addiction, especially through online apps. Many people are struggling with huge debts and financial ruin. The issue is getting worse as more people bet on sports and play casino games on their phones. In 2024, online gambling br
Trump has been talking about giving Americans $2, 000 from tariffs. But experts say it's not that simple. Tariffs aren't bringing in as much money as Trump claims. The government has other plans for that money, like paying off debt or keeping tax cuts. Trump hasn't shared many details about who wou
Starting November 1st, people can begin signing up for health insurance through the Affordable Care Act (ACA) marketplace. But there's a big problem: Congress hasn't decided whether to keep the extra financial help that makes insurance more affordable for millions of Americans. Without this help, i
Boeing is in hot water again. This time, it's because of its 777X jet program. The company has pushed back the first delivery to 2027. This delay is costing them nearly $5 billion. That's a huge hit! But it's not the first time Boeing has faced delays and financial setbacks. The 777X was supposed t
Big companies are facing a serious problem with PFAS chemicals. These chemicals are everywhere, and they're causing a lot of trouble. The government is cracking down, and that means companies have to pay up. It's not just about cleaning up the mess. It's about money, lots of it. The government has
