President Trump has signed two rollbacks of financial regulations established during the Biden administration. The first rule, which aimed to cap overdraft fees charged by banks and credit […]
Banks
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Berkshire Hathaway B Shares: A Good Buy Below $550?
Warren Buffett announced his plan to step down as CEO of Berkshire Hathaway (BRK.A 0.18%) (BRK.B 0.09%) by the end of 2025, with Greg Abel taking over as […]
Banks
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David Steiner Appointed as Next US Postmaster General Amid Concerns Over Potential Privatization
The US Postal Service Board of Governors announced that David Steiner, a FedEx board member, will become the next postmaster general. This decision comes amid concerns that the […]
Banks
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TD Bank Closing Multiple Branches Amid Money Laundering Fallout
TD Bank is set to close dozens of branches across multiple states, including five in New Jersey, following its guilty plea in a money laundering scheme that funneled […]
Banks
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A Journey to Warren Buffett’s Annual Meeting and Witnessing History
My nine-hour flight from London to Chicago became more engaging after discovering my seatmate was also heading to Warren Buffett’s annual meeting. The young value investor in his […]
Banks
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Celsius Founder Sentenced to 12 Years in Prison
The founder of Celsius Network, Alex Mashinsky, has been sentenced to 12 years in prison. This decision comes amidst ongoing scrutiny and legal actions in the financial sector. […]
Banks
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Wall Street Bonuses Expected to Drop Amid Economic Uncertainty
The year so far has not been favorable for Wall Street bonuses. According to recent reports, Wall Street bonuses are set to decline due to economic uncertainty caused […]
Banks
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Shareholders Sue UnitedHealthcare Over Misleading Statements Post-CEO’s Death
A group of shareholders has filed a lawsuit against UnitedHealthcare Group, alleging the company misled investors following the death of its CEO, Brian Thompson. The class action lawsuit, […]
Banks
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Bank of England Cuts Rates Amid Global Economic Uncertainty
The Bank of England (BOE) cut its key interest rate to 4.25% from 4.5%, marking its fourth reduction in seven meetings. This decision came a day after the […]
Banks
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UnitedHealth Sued by Shareholders Over Profitability Concerns Following Executive’s Death
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 […]