As the U.S. economy shows signs of stabilizing amid inflationary pressures and the Federal Reserve’s ongoing policy adjustments, most brokerages are holding firm on their expectations of a 25-basis point rate cut by the Federal Reserve in December. This move, widely anticipated by financial analysts, is expected to have significant implications for the broader financial […]
In a surprising development, Northvolt CEO Peter Carlsson has stepped down from his position, citing urgent financial needs that require the company to secure up to $1.2 billion in funding. The Swedish electric vehicle (EV) battery manufacturer, which has garnered attention for its ambitious plans to support the global transition to renewable energy, is facing […]
Education reform has long been a cornerstone of conservative policymaking, with “school choice” at the heart of the debate. During his presidency, Donald Trump championed a school choice tax break as part of a broader effort to reshape the American education system. This initiative aimed to give families more control over their children’s education by […]
The potential for sweeping changes to the Federal Reserve under President-elect Donald Trump has become an increasingly pressing issue. As his return to the White House looms, one question is emerging: Will the central bank continue to operate as it has—or will it be dismantled entirely? Elon Musk, a significant supporter of Trump, has further […]
As President-elect Donald Trump’s transition team prepares for a second term, one of their key targets is the $7,500 electric vehicle (EV) tax credit introduced under President Biden’s Inflation Reduction Act (IRA). According to recent reports, the transition team is planning to eliminate this incentive as part of a broader tax reform initiative. This marks […]
As world leaders converge at COP29, an urgent call for climate finance has emerged from some of the world’s most vulnerable nations. According to a letter obtained exclusively by Reuters, fragile countries are urging developed nations to commit $20 billion in climate finance to address the growing impacts of climate change on their economies, infrastructure, […]
In a significant development, U.S. authorities are reportedly scrutinizing a series of Russian accounts that were transferred to UBS following its acquisition of Credit Suisse earlier this year. Sources familiar with the matter revealed that this investigation focuses on potential links to money laundering, sanctions violations, and other illicit financial activities. The inquiry has raised […]
Federal Reserve Bank of Boston President Susan Collins spoke out Friday, stressing the importance of closely monitoring the technological advancements shaping the financial landscape. In a speech at an event hosted by her bank, Collins acknowledged that while technological innovations in finance hold significant promise, they also come with their own set of risks and […]
President-elect Donald Trump is rapidly finalizing his cabinet, offering a clearer view of his second administration’s approach and priorities. One clear trend is emerging among his picks: loyalty. With Republican control of both the House and Senate, Trump has substantial authority to steer his administration’s vision, especially in shaping policies that impact the business world. […]
(Reuters) – In its latest survey, Argentina’s central bank reported that analysts have lowered their monthly and annual inflation estimates. The updated projection now puts the country’s full-year inflation rate at 120.0%, a decrease of 3.6 percentage points from last month’s forecast. October’s month-over-month inflation is expected to reach 3.0%, slightly down from the previous […]
