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Trump regulators propose overhaul of ‘weaponized’ Community Reinvestment Act, say rule funded activist groups
Financial regulators in the Trump administration are proposing changes to a banking industry rule that critics say has been diverted from its original purpose to funneling funds from financial institutions to left-wing advocacy groups. The Office of the…
More than 132K ‘Skull Strobe’ fireworks recalled over explosion risk, serious burn hazards
More than 132,000 fireworks rockets sold nationwide have been recalled after federal safety regulators warned they could explode before reaching their intended height, posing explosion and burn hazards. The Consumer Product Safety Commission announced…
Fed dissenters warn inflation could become entrenched without monetary policy tightening now
The Federal Reserve left its benchmark interest rate unchanged this week despite three dissenting votes from Fed governors who would’ve preferred the central bank hike rates to help rein in stubbornly-high inflation, they explained on Friday. The Federal Open…
Cruise ship passengers rescued after vessel runs aground
Police in Bulgaria evacuated nearly 200 passengers from a Viking cruise ship after the vessel ran aground due to “exceptionally low water levels” in the Danube River. The Bulgaria News Agency reported that the ship became stranded early Tuesday about 15 miles…
Texas Stock Exchange officially goes live to rival NYSE and Nasdaq
A new rival to Wall Street officially debuted on Friday as the Texas Stock Exchange went fully live for the first time with trading available for all of its listed tickers. The Texas Stock Exchange, which is based in Dallas, is the first new major stock…
Bessent highlights Trump economy, warns China has ‘done a lot of kicking lately’
Treasury Secretary Scott Bessent said in an interview on Thursday that he expects economic growth to pick up later this year with core inflation trending lower, while he warned that there have been growing tensions with China over artificial intelligence and…