“Mr. Quarles spent his tenure as a top financial regulator in the United States weakening safeguards for megabanks at the expense of financial stability and the American public,” said Warren, a former U.S. presidential hopeful who is the most senior Democrat on the Senate banking committee. “It would be deeply troubling if this FSB review
10 best coastal small towns across the US for 2024 USA TODAY 10Best readers voted on their favorite coastal small towns, and the 2024 results are in. Here are the top 10 in the nation. Detroit and Grand Rapids, Michigan, were ranked as moderately boring, falling in the middle of the list. The most boring
Crowd of people watch the solar eclipse on boulders on Monday, April 8, 2024, at Elephant Rocks State Park in Belleview, Missouri. With sunny skies, the enjoyed two minutes and 18 seconds of totality. Photo by Laurie Skrivan, lskrivan@post-dispatch.com Laurie Skrivan, Post-Dispatch JEFFERSON CITY — A sales tax voters first approved over 40 years ago
Most local government officials in the US still welcome Chinese-invested projects despite a rise in trade tensions this year, a Chinese chamber of commerce leader said this week as potential investors weigh up economic benefits and geopolitical risks. City leaders want Chinese investment to help stimulate their local economies, especially in manufacturing projects that are
The inflows follow a 50-basis-point interest rate cut by the Reserve Bank of India (RBI) at its most recent Monetary Policy Committee (MPC) meeting, a move aimed at spurring growth amid controlled inflation levels. Foreign portfolio investors (FPIs) pumped a net Rs 13,107.54 crore into Indian equity markets during the week of 23 to 27
The scale of Germany’s ambitions to radically expand defense and infrastructure spending have raised thorny questions about how such spending can be reconciled with EU fiscal rules that Germany — previously a fiscal hawk — had long pushed for. Since March, however, Germany has led a concerted pushed for a loosening of those rules to
Cryptocurrency continues to dominate headlines as a modern-day gold rush—especially for high-profile investors leveraging political ties. A prime example? Barron Trump, the youngest son of US President Donald Trump, who has reportedly amassed a digital fortune worth $40 million (£29.72 million). His earnings stem from the family’s crypto venture, World Liberty Financial, and highlight the
During an interview in September, when the Trump family launched World Liberty Financial, a crypto venture, he had said his son Barron Trump was all in on cryptocurrency prior to him even knowing about it. Barron may have earned close to $40 million, resulting in an estimated net worth of $25 million after taxes and
In the pre-2008 lending boom, American banks sold their dodgiest “subprime” loans to investors around the world. When the U.S. housing bubble burst and borrowers defaulted en masse, a global financial crisis ensued. Brussels now wants to loosen the rules governing the practice, meaning banks would need to put aside less capital against the loans
WASHINGTON (AP) — President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package. The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised. “All