The Trump family is making waves in the banking world. President Trump is working on big changes for Fannie Mae and Freddie Mac, aiming to take them out of government hands. Meanwhile, he's also been teasing Goldman Sachs CEO David Solomon about the bank's predictions on tariffs. But it's not just
The U. S. is seeing a big jump in bankruptcies, showing that many people and businesses are having a tough time with money. Over the last year, there were 542, 529 bankruptcies, which is 11. 5% more than the year before. This includes both personal and business bankruptcies. Some states are hit har
A CEO who once made headlines for her innovative business idea is now facing serious legal trouble. Christine Hunsicker, the founder of CaaStle Inc. , is accused of tricking investors out of a huge amount of money. The company promised to revolutionize the clothing industry by offering a "Clothing-a
July 16, 2025, saw some ups and downs in the stock market. The S&P 500 went up by 0. 32%, ending at 6, 263. 70. The Nasdaq Composite also had a good day, gaining 0. 26% and hitting a new high for the year at 20, 730. 49. The Dow Jones Industrial Average added 231. 49 points, or 0. 53%, closing at 44
Del Monte Foods, a household name for over a century, is in big trouble. The company that brought us canned fruits and veggies has decided to sell itself. This is a huge deal because Del Monte has been around for 138 years! The company announced this move late on a Tuesday, saying it's the best way
A big change is happening for 23andMe. A court just gave the green light for the company to be sold to a nonprofit group. This group is led by Anne Wojcicki, who used to be the CEO. The sale is worth $305 million. This is not the first time 23andMe has been up for sale. Earlier, there was a $256 mil
The Federal Reserve is thinking about making it easier for big banks to hold onto certain types of investments. This change could free up around $223 billion for some of the largest financial institutions in the country. The rule in question, known as the enhanced supplementary leverage ratio, was
Alex Jones, the Infowars host, is in hot water. The person in charge of his bankruptcy case claims Jones tried to hide over $5 million from those he owes money to. This includes families of victims from the 2012 Sandy Hook tragedy. Jones has been in this bankruptcy mess for over two years. He claime
Switzerland's central bank, the SNB, has just made a big move. They've cut interest rates to zero. This is a significant step for a country that has been experimenting with negative rates. The goal? To control the strength of the Swiss franc, which has been surging due to global trade tensions.
At Home, the company known for selling home decor and furniture, is going through a big change. The firm has more than 200 stores across the United States. They have decided to file for Chapter 11 bankruptcy. This move is part of a plan to fix their financial problems. The goal is to get rid of $2
