Editor’s Picks
Nasdaq Stock Dips 1% on China’s Apple Ban Blow
In a turbulent trading session on Thursday, the Nasdaq stock exchange experienced a significant downturn, primarily driven by the decline of tech behemoth Apple. The...
Payment Systems Choked by Big Tech, CFPB Director Warns
Rohit Chopra, the Director of the Consumer Financial Protection Bureau (CFPB), didn’t mince words during a fintech conference hosted by the Philadelphia Federal Reserve on...
Federal Reserve Study: China’s Impact on Global Markets
In a recent string of assurances, experts have downplayed the potential impact of China’s stumbling economic recovery on the United States. However, a little-known 2019...
ChatGPT: Monthly Website Visits Drop 3.2% in August
OpenAI’s ChatGPT, the highly popular artificial intelligence chatbot that took the internet by storm upon its launch in November, has witnessed a continuous decline in...
IMF, G20 Craft Roadmap to Shield Stability from Cryptoassets
Global financial regulators, in conjunction with the International Monetary Fund (IMF), unveiled a comprehensive roadmap on Thursday, delineating strategic measures aimed at safeguarding macroeconomic and...
Artificial Intelligence Frenzy Ebbs: Investors Eye Tech Stocks
The once-sizzling artificial intelligence (AI) stock market surge that propelled tech stocks earlier this year seems to have crested. Investors are now turning their attention...
Mortgage Rates Hit 7% Mark for Fourth Consecutive Week
In a slight pullback, mortgage rates dipped from 7.18% to 7.12% this week, as reported by Freddie Mac. However, this marks the fourth consecutive week...
Chinese Ban on iPhones Rattle Market Value of Apple
Apple experienced a sharp decline in its shares, plummeting nearly 4% on Thursday, triggering a ripple effect across the technology sector. This downturn follows reports...
FDIC Warns Banking Industry of Inflation and Rate Risks
Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg issued a stern warning on Thursday, emphasizing the looming threats of inflation and high interest rates that...
T-Mobile Announces First-Ever Dividend for Shareholders
In a year marked by fluctuations in the telecommunications sector, T-Mobile (TMUS) stands as a resilient outlier, with shares holding steady since the start of...
