The White House is set to nominate Christy Goldsmith Romero as the new Federal Deposit Insurance Corporation (FDIC) chair, following the resignation of Martin Gruenberg. This nomination comes amidst a push to advance President Joe Biden’s regulatory agenda, including major bank capital hikes, ahead of the upcoming presidential election. The timeline for the nomination process
Politics
President Joe Biden recently celebrated the latest inflation report, announcing that consumer prices did not increase in May compared to April, marking a significant milestone in the battle against inflation. Biden expressed optimism in the progress made in tackling rising prices, highlighting the annual inflation rate decrease to 3.3% in May from 3.4% in April
The federal corruption trial of Sen. Robert Menendez, D-N.J., has taken an interesting turn with the testimony of Jose Uribe, the star witness who admitted to bribing the senator and his wife. Uribe, one of the original defendants in the case, decided to cooperate with prosecutors in the hopes of avoiding a lengthy prison sentence.
As investors gear up for the trading day, stock futures are showing a slight decline after a positive week. With Dow Jones Industrial Average futures down by about 0.2%, and S&P 500 futures and Nasdaq 100 futures also ticking fractionally lower, the market sentiment seems to be cautious. A notable stock like Nvidia, known for
French President Emmanuel Macron made a surprising announcement on Sunday, stating that he would dissolve the country’s parliament and call for a new legislative nationwide vote. This decision came after exit polls revealed a heavy defeat for Macron’s Renaissance party at the EU elections, with Marine Le Pen’s far-right National Rally projected to win a
Former President Donald Trump recently took to Truth Social to tout his accomplishments in lowering the price of insulin for millions of Americans. While acknowledging that the price of insulin is indeed lower under the Biden administration, Trump wants voters to give credit where he believes it’s due – to his own administration. Despite Biden’s
Republican presidential candidate Donald Trump recently made headlines with his remarks at an event in Arizona regarding undocumented immigrants crossing into the United States. Trump suggested that he may impose tariffs on countries, including China, that do not help in curbing the flow of migrants. He did not specify the exact size of the tariff
The political landscape of the European Union is on the verge of a significant transformation, as voters from the 27 member states prepare to cast their ballots in the upcoming election. There is a noticeable rise in support for far-right parties, indicating a potential shift towards more protectionist policies within the bloc. Analysts are predicting
Former President Donald Trump is set to attend a private meeting with the Business Roundtable, one of the most powerful business lobbying groups in Washington, on June 13. This meeting comes as Trump aims to craft an alliance with major corporate leaders, potentially drawing in over 200 CEOs who are members of the Business Roundtable.
Recently, the Kremlin denied accusations of waging a disinformation campaign against France, President Emmanuel Macron, and the 2024 Olympic Games in Paris. The Microsoft Threat Analysis Center (MTAC) has claimed that Russia is intensifying its malign disinformation campaigns, targeting various entities related to the upcoming Olympic Games. According to MTAC, these operations are driven by
