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The Consumer Financial Protection Bureau (CFPB) has long been a contentious institution, facing formidable opposition from financial firms eager to dodge regulations that protect consumers. However, amidst the political turbulence unleashed by the Trump administration’s attempts to weaken the agency, an unexpected twist has emerged: banks, previously vocal adversaries of the CFPB, now recognize its
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In a dramatic move that highlights the precarious relationship between fiscal policy and essential healthcare programs, House Republicans are seriously considering cuts to Medicaid as part of their budgetary efforts. The Congressional Budget Office (CBO) has shed light on a reported plan that aims at achieving $880 billion in savings, primarily through the House Energy
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In a striking departure from the confrontational rhetoric that has characterized recent discussions, China’s Foreign Minister Wang Yi has adopted a more reconciliatory position regarding U.S.-China relations. During a press conference held on Friday in Beijing, which coincided with China’s annual parliamentary meetings dubbed the “Two Sessions,” Wang made it clear that hostility would not
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Costco’s recent quarterly report bellied expectations and cast a spotlight on the shifting dynamics of retail amidst economic uncertainties. The wholesale giant topped revenue estimates with a staggering $63.72 billion in revenue for the second quarter, up from $58.44 billion the previous year. Yet, while it basked in the glow of these remarkable figures, it
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In today’s tumultuous landscape, the recent actions of the Trump administration regarding tariffs have left the stock market in a state of unease. Investors are feeling the pressure as major stock averages experience volatility, making it essential to reassess investment strategies. Amid this uncertainty, one could argue that it is an opportune moment to turn
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In the financial landscape, private credit investments have long resided behind a metaphorical velvet rope, exclusively accessible to the elite and institutional players. This practice not only fuels inequality but stifles opportunities for retail investors who wish to diversify their portfolios through alternative assets. Joanna Gallegos, co-founder of BondBloxx, is on a mission to dismantle
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When a financial titan like Visa partners with a social media platform, especially under the leadership of someone as controversial as Elon Musk, consumers should pay close attention. Recent actions by Musk’s administration, specifically his dismantling of the Consumer Financial Protection Bureau (CFPB), create a treacherous backdrop for this corporate alliance. Senator Richard Blumenthal’s probe
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