The Consumer Financial Protection Bureau (CFPB) recently unveiled plans to create a public database aimed at identifying nonbank financial companies that have violated consumer laws. This initiative is geared towards exposing and deterring corporate repeat offenders within the financial sector. New Regulations The new regulations put forth by the CFPB will hold debt collectors, mortgage
GameStop and AMC Entertainment have caught the attention of investors as GameStop saw a significant increase of over 77% fueled by speculation surrounding Keith Gill’s stake in the company. On the other hand, AMC shares surged around 25% due to the renewed meme-stock craze. Medical waste-disposal company Stericycle experienced a 16% jump following the announcement
Groundbreaking news has emerged from the medical field as Moderna and Merck present their latest three-year data on a potential vaccine for the deadliest form of skin cancer. This experimental vaccine, when combined with Merck’s Keytruda therapy, has shown remarkable improvements in survival rates and long-term efficacy. This new data is set to be revealed
Monzo, the renowned British digital challenger bank, has recently made headlines by announcing its first full year of profitability. With pre-tax profits totalling £15.4 million ($19.6 million) in its 2023-2024 fiscal year, the fintech startup has successfully transitioned from a staggering £116.3 million loss the year before. This impressive milestone has been attributed to a
The currency market began the week on a cautious note, with the dollar experiencing a slight dip on Monday following the revelation that U.S. inflation had stabilized in April. This development left the Federal Reserve with the option to potentially cut interest rates later in the year. In May, the dollar suffered its first monthly
Dutch digital bank Bunq is facing a significant challenge in securing a banking license from U.K. financial regulators. The firm’s CEO and founder, Ali Niknam, expressed hope that they would be successful in obtaining the license by the end of the year or early next year. However, the process may prove to be more complicated
Skydance Media recently made a significant revision to its offer for Paramount Global. The Wall Street Journal reported that Skydance is looking to purchase a certain number of non-voting Paramount shares at $15 each, which marks a substantial increase from previous offers. This new proposal values Paramount B-shares at a premium of approximately 26% based
North Dakota Governor Doug Burgum, who is rumored to be a potential running mate for former President Donald Trump, has come forward to deny allegations made against Trump involving a supposed deal with oil executives. According to reports from the Washington Post, Trump allegedly promised to roll back environmental regulations in exchange for financial support
Nvidia has once again proven its commitment to innovation by unveiling its latest generation of artificial intelligence chips, promising to surpass the previous model announced just months ago. The new AI chip architecture, named “Rubin,” was introduced by Nvidia CEO Jensen Huang ahead of the COMPUTEX tech conference in Taipei. This new development, coming on
Pegasus Airlines is a prominent budget carrier that has recently seen a significant surge in travel demand following the aftermath of the pandemic. The airline, based in Turkey, has ambitious plans for growth in the upcoming decade, with a strong focus on expanding its fleet to meet the rising demand. In an interview with Reuters,