Politics Feb 17 Trump administration backs Kalshi and Polymarket as states move to ban prediction markets The Trump administration is throwing its support behind the prediction market operators Kalshi and Polymarket in a critical legal battle between the growing prediction market industry and states that wish to ban these platforms.
Politics Feb 13 Goldman Sachs' top lawyer Kathy Ruemmler to resign after emails show close ties to Jeffrey Epstein In a statement before her resignation, a Goldman Sachs spokesperson said Ruemmler "regrets ever knowing him."…
Politics Jan 22 Trump sues JPMorgan and its CEO, alleging bank closed his accounts for political reasons President Donald Trump sued banking giant JPMorgan Chase and its CEO Jamie Dimon for $5 billion on Thursday over allegations that JPMorgan stopped providing banking services to him and his businesses for political reasons after he left office in January…
Economy Jan 13 Stop attacking the Fed and credit card industry, Wall Street executives warn Trump Wall Street has generally benefited from the Trump administration’s policies and has been supportive of the president. That relationship has suddenly soured.
Politics Jan 10 Banks balk as Trump pushes for 1-year, 10% cap on credit card interest rates Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.
Politics Nov 19 Trump nominates new CFPB director, though White House says agency is still closing President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau on Wednesday, using a legal maneuver to keep his budget director Russell Vought as acting director of the bureau while the Trump administration continues on…
Nation Nov 10 Even after the government shutdown ends, U.S. flight cancellations are expected to drag on The Senate took a first step toward ending the shutdown Sunday, but final passage could still be several days away.
Politics Aug 07 Trump opens door for 401(k) retirement plans to invest in private equity and crypto Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a…
Economy Jul 10 Federal regulators fine Citigroup $136 million for taking too long to fix internal control issues The fines come from the Federal Reserve and the Office of the Comptroller of the Currency, which said in separate releases that Citigroup had failed to meet its obligations stemming from a 2020 consent order related to the bank's risk…
Politics Jun 13 Biden to nominate Christy Goldsmith Romero to replace FDIC chair who quit amid workplace abuse allegations President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation.