A coalition of major banking institutions and business associations has taken a legal stand against the Federal Reserve regarding its annual stress testing procedures. This legal challenge, driven by the Bank Policy Institute—which represents industry giants like JPMorgan, Citigroup, and Goldman Sachs—underscores deep frustrations with the current stress test framework. The collective, which includes the
On a seemingly routine Tuesday morning, American Airlines experienced a temporary grounding of its U.S. flights due to a technical glitch linked to a network hardware issue. This disruption unfolded against the backdrop of what airlines anticipate to be an exceptionally busy holiday travel season. The ground stop, which lasted less than an hour, was
The holiday shopping season consistently ushers in a wave of consumer spending, promising economic boons for retailers. However, a shadow accompanies this surge: return rates are soaring, particularly in January, a period colloquially referred to as “Returnuary.” Current forecasts suggest that a staggering 17% of total merchandise sales will be returned, equating to approximately $890
The end of the year brings with it a festive spirit, but for the media and entertainment industry, it also heralds a critical time for reflection and foresight. Executives from major companies often look ahead to predict the landscape of media in coming years. Here, we present a unique analysis of predictions for 2025 offered
With the landscape of retirement savings perpetually shifting, the narrative surrounding financial security for millennials is transforming. Unlike previous generations, millennials are approaching their thirties and forties with renewed vigor in their retirement planning efforts. A stark illustration of this trend is the story of Wes Bellamy, a political science professor at Virginia State University,
Oracle Corporation’s stock took a notable hit, declining 7% during extended trading on Monday following the release of its fiscal second-quarter results, which failed to meet Wall Street’s expectations. Analysts had anticipated a stronger financial performance, but Oracle’s earnings per share (EPS) fell short at $1.47, slightly missing the $1.48 forecast. Revenue also underperformed, coming
On a pivotal Wednesday in Washington, the Federal Reserve made headlines by reducing its key interest rate by a quarter of a percentage point. This marked the third consecutive reduction in a cycle that has both surprised and concerned various stakeholders. The move saw the Federal Open Market Committee (FOMC) bring the overnight borrowing rate
As the holiday travel season gains momentum, a potential government shutdown looms ominously over the United States. Recent developments in Congress indicate deep divisions among lawmakers, leading to the rejection of a short-term funding bill backed by President-elect Donald Trump. If negotiations fail to yield a resolution by Saturday at 12:01 a.m. ET, the government
Investing is not just about picking the hottest stock or a company that everyone is talking about; it’s about creating a balanced portfolio that can weather the storms of market volatility while maximizing returns. A diversified portfolio comprising a mixture of growth and dividend-paying stocks can help achieve these objectives. Growth stocks typically offer capital
In a noteworthy development, the National Association of Realtors (NAR) reported a significant uptick in the sales of previously owned homes, with a 4.8% increase in November compared to October. This surge brings the seasonally adjusted, annualized sales rate to approximately 4.15 million units. Notably, this level reflects a 6.1% rise from the figures reported