Synapse Fintech Scandal Sparks Trust Crisis, Jeopardizing Digital Banking Revolution
The collapse of Synapse, a fintech middleman, has frozen millions in customer accounts and shaken trust in digital banking. Consumers are unsure about FDIC insurance coverage and the safety of these platforms. The future of digital banking is uncertain as regulators may increase scrutiny and consumers become wary.
Jul 03, 2024 02:23 PM EDT
Car Dealerships Face Hidden Costs and Long-Term Struggles After CDK Cyberattack
Weeks after a cyberattack on a key software provider, small car dealerships are still struggling. The attack disrupted sales, service, and customer management systems, leading to lost sales, delays, and potential data breaches. The road to recovery will be long, with dealerships needing to invest in cybersecurity and regain customer trust.
Lowest July 4th Gas Prices Since 2021 Bring Economic Relief to American Households
Celebrate lower gas prices this July 4th! The national average is expected to be $3.49 per gallon, the lowest in 3 years. This offers relief for drivers planning road trips and can help offset inflation.
Rising Robusta Coffee Prices Boost Economies of Exporting Nations, Present Long-Term Challenges
The 70% surge in Robusta coffee prices is boosting economies of exporting nations like Tanzania, while posing long-term challenges such as market volatility, environmental concerns, and infrastructure needs.
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Top 10 U.S. sanctuary cities face roughly $2.27 billion in cuts by Trump policy
U.S. President Donald Trump's attempt to strip municipalities of federal dollars for shielding illegal immigrants threatens $2.27 billion in annual funds for the nation's 10 largest cities, a Reuters analysis of federal grants found.
Jan 26, 2017 11:09 AM EST
Trump expected to launch measures to curb illegal immigration
U.S. President Donald Trump is expected to begin signing executive orders aimed at curbing illegal immigration on Wednesday, beginning with a directive to build a wall along the U.S. border with Mexico and another to boost personnel needed to crack down on illegal immigrants, congressional aides with knowledge of the plan told Reuters.
Jan 26, 2017 11:09 AM EST
Trump pulls U.S. out of Pacific trade deal, loosening Asia ties
Trump signed an order pulling United States out of the Trans-Pacific Partnership, TPP, he believes this trade deal was not good for US industries and jobs.
Jan 26, 2017 11:09 AM EST
Toyota Motor to add 400 jobs at Indiana assembly plant
Donald Trump criticized companies such as Toyota for producing cars in Mexico but the Japanese automaker will upgrade its plant in Indiana and create jobs.
Jan 26, 2017 11:10 AM EST
Trump urges U.S. automakers to make big push for new plants
Important CEOs of the car industry and Donald Trump have had a meeting, the US President wants to see a renaissance in American manufacturing.
Jan 26, 2017 11:10 AM EST
China says will protect South China Sea sovereignty
China said on Tuesday it had "irrefutable" sovereignty over disputed islands in the South China Sea after the White House vowed to defend "international territories" in the strategic waterway.
Jan 26, 2017 11:09 AM EST
Jump in manufacturing, tight labor markets show U.S. economic health: Fed
The Fed states that the US economy is improving, there is a revitalization of manufacturing and the labor market has become very tight lately.
Jan 18, 2017 05:15 PM EST
Oil and Trump: Russians full of optimism in Davos
A year ago russians felt depressed because the price of oil plummeted and the West imposed sanctions, but today the price of oil has increased and soon Trump will ease the sanctions.
Jan 18, 2017 05:15 PM EST
U.S. sues JPMorgan for alleged mortgage discrimination
The United States on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.
Jan 18, 2017 10:59 AM EST
Wall Street opens little changed
U.S. stocks opened little changed on Wednesday as investors assessed economic data and the last of big bank earnings, while awaiting Federal Reserve Chair Janet Yellen's speech.
Jan 18, 2017 11:00 AM EST
Deutsche Bank signs $7.2 billion deal with U.S. over risky mortgages
Deutsche Bank (DBKGn.DE) (DB.N) finalized a $7.2 billion settlement with the U.S. Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.
Jan 18, 2017 11:00 AM EST
Mexico to lure undeclared cash with lower repatriation tax: decree draft
Jan 17 Seeking to boost its paltry tax take, Mexico's government will offer those holding undeclared capital abroad a lower tax to repatriate it and invest it at home, a draft of the decree obtained by Reuters showed on Tuesday.
Jan 18, 2017 09:24 AM EST
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