Abstract: As of Tuesday’s stock market close, Nvidia, the ‘AI industry leader,’ has once again surpassed Apple Inc. to become the company with the highest market value globally, highlighting the increasing optimism of investors towards the long-term prospects of artificial intelligence (AI).
Nvidia Surpasses Apple as the World’s Most Valuable Company Read More »
Abstract: In November, although the Federal Reserve cut interest rates as expected, the complexity of the U.S. political environment and the fiscal policies of the elected president have become significant variables affecting the market in 2025. The uncertainty surrounding future monetary policy has increased significantly, leading to several analysts downgrading their predictions for the number
Multiple Institutions Reduce Predictions for Fed Rate Cuts in 2025 Read More »
Investing in artificial intelligence (AI) stocks is a prevailing topic in the financial media, as investors seek to capitalize on one of the most transformative sectors in the economy of the 2020s. AI, with its vast potential for applications in healthcare, finance, entertainment, and elsewhere in the economy, is not only reshaping potentially how many
Investing in AI Stocks: A Beginner’s Guide Read More »
Key Takeaways. Airlines are facing scrutiny from lawmakers. A new Senate panel report found that airlines generate billions of dollars in ‘junk fees’ for seats and baggage. The Senate Permanent Subcommittee on Investigations said Tuesday it will hold a hearing next week on these fees and call airline executives to testify. Five airlines cited in
Airline Fees Under Scrutiny: Senate Report and Hearing Read More »
The Consumer Financial Protection Bureau (CFPB) has issued a rule that caps overdraft fees at $5 in most cases, a move that is part of the Biden administration’s broader effort to reduce what it terms ‘junk fees.’ This new regulation is expected to save households that pay overdraft fees an average of $225 a year,
CFPB Caps Overdraft Fees at $5: Biden’s War on ‘Junk Fees’ Continues Read More »
President-elect Donald Trump has chosen Republican lawyer Andrew Ferguson as his nominee to lead the Federal Trade Commission, potentially succeeding Lina Khan. Khan has been known for her strict stance on corporate mergers and her crackdown on Big Tech during her tenure at the FTC. Ferguson, who may take a more lenient approach to M&A
KEY TAKEAWAYS: President Joe Biden reportedly plans to formally block the $14 billion sale of United States Steel to Japan’s Nippon Steel on national security grounds. According to Bloomberg, Biden will reject the bid once the Committee on Foreign Investment in the United States (CFIUS) panel sends its decision to the president by Dec. 22
Joe Biden to Block $14B US Steel Sale to Nippon Steel Read More »
President-elect Donald Trump has expressed his desire for more control over Federal Reserve policy. However, he has indicated that he will not ask Fed Chair Jerome Powell to step down. Instead, Trump can shape monetary policy through appointments to the Federal Reserve Board of Governors. Trump may have to wait until 2026 before he can
Donald Trump’s Influence on Federal Reserve Policy Read More »
The Federal Trade Commission (FTC) has successfully ended a $10 million student loan debt relief scheme perpetrated by Nevada-based company, Superior Servicing. A federal court has placed Superior Servicing under a temporary restraining order and frozen its assets following an FTC lawsuit in 2023. The company was alleged to have made false claims of affiliation
FTC Halts $10 Million Student Loan Debt Relief Scam Read More »
President-elect Donald Trump has indicated in a weekend interview that he does not intend to replace Federal Reserve Chair Jerome Powell. Powell, for his part, has stated that he would not resign if pressured by the incoming president. The financial community is closely monitoring the dynamics between Trump and Powell, as well as potential future
Donald Trump’s Stance on Federal Reserve Chair Jerome Powell Read More »
