Spending Slowdown: BofA Credit Cards Show Impact
Bank of America (BofA) recently released new data indicating a 0.3% decrease in spending on its credit cards for the week ending September 23, compared
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EIA Forecasts 1% Drop in Electricity Prices
In a recent revelation, the Energy Information Administration (EIA) has forecasted a noteworthy 1% drop in US residential electricity prices for the upcoming year. This
Silicon Valley Bank: OIG Exposes Oversight Failures
The Federal Reserve’s Office of Inspector General (OIG) released a scathing report on Thursday, highlighting failures by the Federal Reserve Board and the Federal Reserve
Government Shutdown Threat Looms for Biden Administration
In the event of an impending government shutdown, the Biden administration has confirmed that a crucial flow of economic data will abruptly cease, potentially affecting
Sam Bankman-Fried Faces Lengthy Sentence, Judge Warns
Indicted founder of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fried, could be looking at an extended sentence if convicted, U.S. District Judge Lewis Kaplan cautioned
Chicago Fed President Goolsbee Addresses Inflation Concerns
Chicago Fed President Austan Goolsbee affirmed on Thursday the Federal Reserve’s unwavering dedication to combat inflation, emphasizing the central bank’s capacity to curtail rising prices
OpenAI and Jony Ive Forge Historic Alliance for AI Breakthroughs
OpenAI, renowned for its creation of chatGPT, has entered into advanced discussions with former Apple design luminary Jony Ive and SoftBank’s CEO, Masayoshi Son, with
Jefferies Financial Group Sees Modest Q3 Rise
Jefferies Financial Group (JEF) has reported its first quarterly surge in investment banking revenue since the close of 2021, indicating a potential upswing in dealmaking
CarMax Reports Lower Quarterly Profits
CarMax, a prominent player in the preowned car market, reported a dip in its quarterly profits on Thursday, attributing it to a waning demand for
Donald Trump Comments Stir Controversy Amid UAW Strike
Former President Donald Trump made a visit to Michigan on Wednesday night with the ostensible aim of rallying the United Auto Workers (UAW) union at
