TAG: Finance & Tax
Appeals court reopens DOJ antitrust probe of Realtors
A federal appeals court in Washington, D.C., sided with the Justice Department, allowing the agency to reopen an antitrust investigation of the National Association of Realtors that the trade group says is not allowed to go forward due to the terms reache...
5 months ago
Stubborn inflation rains on Biden’s good-news parade
President Joe Biden has been presiding over a good news economy for the past year, with strong growth, low unemployment and falling inflation.But that good news is reaching its limits.The cost of living rose faster than expected in March, with prices up 3...
5 months ago
Trump calls Truth Social ‘AMAZING.’ Wall Street has questions.
Former President Donald Trump fired back at criticism of his fledgling media venture on Thursday as the newly public company faces mounting pressure from Wall Street.In a post on Truth Social, the GOP front-runner said his social media platform is the sub...
5 months ago
Appeals court weighs recusal in CFPB credit card late fee lawsuit
The federal appeals court overseeing a challenge to the Biden administration’s $8 cap on credit card late fees wants to hear arguments about whether a judge with stock holdings in the nation’s second-biggest credit card lender should continue to hear the...
5 months ago
A tax mystery: Why are fewer people getting refunds?
If it seems like you’re not getting a tax refund like you used to, you’re not alone.The share of taxpayers who get money back at tax time is slowly and, a little mysteriously, shrinking. At the same time, the number of people having to cut a check to the...
5 months ago
Trump’s social media venture set for Wall Street debut Tuesday
Donald Trump’s fledgling social media venture will begin trading as a public company on Tuesday, setting the former president up for a potentially massive payday if all goes to plan. Trump Media & Technology Group is slated to debut on Nasdaq under th...
5 months ago
Fallen crypto titan Sam Bankman-Fried sentenced to 25 years
A federal judge on Thursday sentenced Sam Bankman-Fried to 25 years in prison for his leading role in one of the biggest financial scandals in American history, capping the stunning fall of the former cryptocurrency magnate and one-time Washington megadon...
5 months ago
POLITICO’s ‘Building Toward Financial Literacy for All’ event: 5 takeaways
Lawmakers and experts pushed for financial literacy education programs as mechanisms to promote wealth building in underserved communities at a POLITICO event Thursday.The event, “Building Toward Financial Literacy for All,” featured Reps. Young Kim (R-Ca...
5 months ago
Why Trump’s big Wall Street payday won’t bail him out of financial trouble
Donald Trump is on the verge of gaining what could be a massive windfall from his social media company. But it will likely come too late to save him from the financial peril he’s facing now.Investors on Friday signed off on a deal to allow Trump’s new ven...
5 months ago
Biden administration revives oil sanctions on Venezuela, saying Maduro reneged on democracy deal
The Biden administration is moving to reimpose oil sanctions on Venezuela, citing a failure of President Nicolás Maduro’s regime to live up to commitments to holding free and fair elections this year.The Treasury Department will allow temporary sanctions...
5 months ago
Trump Media CEO calls on GOP lawmakers for help in Wall Street fight
Trump Media & Technology Group CEO Devin Nunes is escalating his fight against Wall Street traders dealing in the company’s stock, turning to his one-time colleagues on Capitol Hill for help.The former Republican congressman and current Trump Media CE...
5 months ago
Unexpected slowdown in economic growth stokes uncertainty for Biden
President Joe Biden’s hot streak of success on the economy hit an unexpected detour Thursday, as a government report showed growth was slower than forecast and prices higher.GDP grew at a 1.6 percent pace in the first three months of the year — less than...
5 months ago