Real gross domestic product (GDP) in the U.S. grew at an annual rate of 2.3 percent in the fourth quarter of 2024, according to the second estimate from […]
Banks
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Elon Musk and Doge, Don’t Mess With Deposit Insurance
Advocates of Project 2025, which guides President Donald Trump’s policies, hold unconventional views on deposit insurance. For nearly a century, the Federal Deposit Insurance Corp. (FDIC) has guaranteed […]
Economy
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Weekly jobless claims jump to 242,000, more than expected in latest sign of economic softening
Initial filings for unemployment benefits reached their highest level of the year last week, signaling potential weakness in the labor market. According to a Labor Department report, jobless […]
Economy
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What to Know About the ‘Economic Blackout’ on Feb. 28
A social media-driven campaign has organized an ‘economic blackout’ for February 28, urging consumers to abstain from spending for 24 hours as a form of protest against large […]
Markets
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Seven & I Holdings: Founding Family Fails to Secure Funding for $58 Billion Buyout
Seven & I Holdings, the parent company of 7-Eleven, announced that its founding Ito family was unable to secure the necessary financing for a proposed $58 billion management […]
Technology
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The Largest Theft in History – Following the Money Trail from the Bybit Hack
On February 21st, 2025, a massive cyber theft occurred when approximately $1.46 billion in cryptoassets were stolen from Bybit, a Dubai-based cryptocurrency exchange. Initial investigations suggest that malware […]
Economy
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Eli Lilly’s $27 Billion Investment in U.S. Drug Manufacturing Amid Tariff Threats
Eli Lilly and Company has announced plans to significantly increase its investment in U.S. drug manufacturing, with a commitment of at least $27 billion. This decision comes as […]
Economy
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U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
The U.S. economy is showing signs of strain due to former President Donald Trump’s tariffs and spending cuts. These economic policies have raised concerns among consumers already wary […]
Banks
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BlackRock, Bank of America Drop DEI Policies Amid White House’s War on ‘Woke’
BlackRock and Bank of America have dropped their Diversity, Equity, and Inclusion (DEI) policies, becoming the latest Wall Street giants to scrap these initiatives following the White House’s […]
Markets
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What’s Behind Major S&P 500 Pullbacks Since 1964 and Potential Triggers Today
Since 1964, significant pullbacks in the S&P 500 have been driven by a variety of factors including economic recessions, geopolitical tensions, and shifts in monetary policy. In recent […]