U. S. bank stocks took a hit during morning trading on Tuesday. This happened as investors waited to see if a 10% cap on credit card interest rates would be enforced by the Trump administration. The deadline for this decision was January 20. The proposed cap aims to make credit cards more affordabl
The economy might be looking good on paper, but the reality for many people is quite different. Lots of local businesses are shutting down. Places like Towson Town Center, Morton’s Steakhouse, and the Sheraton downtown are just a few examples. Even big names like Francesca’s clothing stores and the
Brazil is considering a major shift in how investment funds are managed. The country's finance chief wants the central bank to take charge of overseeing these funds. This change could make the financial system more stable and secure. The idea came up after a bank called Banco Master SA ran into tro
Brazil's finance chief, Fernando Haddad, is pushing for a major shift in how the country's investment funds are overseen. He wants the central bank to take on this role, which is currently handled by the CVM, the securities regulator. This idea is still up for discussion among key government bodies,
Indonesia's central bank, Bank Indonesia (BI), is in the spotlight again. The president, Prabowo Subianto, has picked his nephew, Thomas Djiwandono, for a top role. This move has raised eyebrows, especially since Djiwandono isn't your typical central banker. He's a former businessman and current dep
Spirit Airlines is in a tight spot. The budget airline filed for Chapter 11 bankruptcy late last year. Now, the big decision-makers are the bondholders, like Ken Griffin's Citadel. They hold the purse strings and will decide if Spirit gets the money it needs to keep flying or if it's game over. The
Donald Trump recently took to social media to express his frustration with Jamie Dimon, the CEO of JPMorgan Chase. Trump claimed that a Wall Street Journal article falsely stated he had offered Dimon a job as the Federal Reserve Chairman. He denied this claim and announced plans to sue JPMorgan Chas
Industry, the popular HBO drama, has captivated audiences with its gritty portrayal of the finance world. Premiering in November 2020, the show gained even more traction during its third season in August 2024. Now, with season 4 set to air on January 11, fans are eager to see what's next. The show'
Brian Armstrong, the CEO of Coinbase, recently shared his thoughts on a report that suggested the White House was unhappy with Coinbase's stance on a crypto market structure bill. The report, by journalist Eleanor Terrett, claimed that the White House might withdraw its support for the bill if Coinb
The crypto world was buzzing with anticipation. The Senate was all set to finalize the CLARITY Act, a big deal that would finally set clear rules for the crypto market in the U. S. Everyone seemed on board: Democrats, Republicans, even the White House. But then, just as the Senate Banking Committee
