A proposed class action lawsuit has been filed in Manhattan federal court by shareholders against UnitedHealth. They allege the insurer defrauded investors after the shooting of UnitedHealthcare CEO […]
Banks
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Can Trump Fire the Federal Reserve Chair?
The Federal Reserve, one of the world’s most powerful institutions, controls the U.S. money supply and interest rates. It played a crucial role in stabilizing the global financial […]
Banks
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Senate’s Last-Ditch Effort to Save the GENIUS Act
The Senate is engaged in a final push to save the GENIUS Act, amid significant political debate. Top Democrats are expressing concerns over crypto legislation, particularly regarding ties […]
Banks
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Retail Investors Flood Into Berkshire Hathaway Amid Buffett’s Leadership Transition
Retail investors poured over \$24 million into Berkshire Hathaway’s Class B stock on Monday, signaling confidence in incoming CEO Greg Abel despite Warren Buffett’s announcement that he plans […]
Banks
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Fed Meeting Begins Amid Trump’s Calls for Rate Cuts
The Federal Reserve is holding its meeting this week to decide on interest rates, with economists and investors expecting no changes despite President Trump’s repeated demands for rate […]
Banks
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Credit Suisse Pleads Guilty to Assisting Clients in Tax Evasion
Credit Suisse has pleaded guilty to aiding U.S. clients in evading taxes, according to federal prosecutors. The misconduct resulted in a $510 million fine paid by UBS, which […]
Banks
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Federal Reserve Expected to Maintain Interest Rates Amid Trump’s Pressure
The Federal Reserve is expected to maintain its key short-term interest rate this week, despite pressure from President Donald Trump to reduce borrowing costs. Trump has criticized the […]
Banks
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Federal Reserve Expected to Maintain Rates Amid Political Pressure
The Federal Reserve is expected to maintain its key short-term interest rate at approximately 4.3% during its meeting this week, despite pressure from President Donald Trump to reduce […]
Banks
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Warren Buffett Announces Retirement as Berkshire Hathaway’s CEO Amidst Q1 Profit Decline
OMAHA, Neb. (AP) — Warren Buffett announced his retirement as CEO of Berkshire Hathaway, effective by year-end, following a report of reduced profits in the first quarter. Berkshire […]
Banks
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Fed Reviewing Secret Ratings for Major Banks
The Federal Reserve is reportedly reviewing its confidential ratings for the nation’s largest banks. This evaluation process aims to ensure that financial institutions maintain robust risk management practices […]