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Finance
admin June 12, 2025

State AGs led by NY’s Letitia James pressure Meta to clean up investment scams on Facebook

New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City.Michael M. Santiago | Getty ImagesA group of 42 state attorneys general are calling on Meta to curb the rise of investment scams on Facebook...

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Finance
admin June 10, 2025

Walmart is using its own fintech firm to provide credit cards after dumping Capital One

A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019.Yichuan Cao | Nurphoto | Getty ImagesWalmart's majority-owned fintech startup OnePay said Monday it was launching a pair of credit cards with a bank partner for customers of the...

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Finance
admin June 7, 2025

Swiss government proposes tough new capital rules in major blow to UBS

A sign in German that reads "part of the UBS group" in Basel on May 5, 2025.Fabrice Coffrini | AFP | Getty ImagesThe Swiss government on Friday proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital, following its 2023...

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Finance
admin June 5, 2025

Trump says ‘extremely hard’ to make a deal with China’s Xi as trade stalemate fuels calls for leaders to talk

Aly Song | ReutersU.S. President Donald Trump said Wednesday that it was "extremely hard" to make a deal with his Chinese counterpart Xi Jinping, at a time when the White House has been suggesting the two leaders could talk this week amid rising trade tensions.Scott Bessent, U.S. Treasury secretary, said Thursday...

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Finance
admin June 3, 2025

‘Fantasy math’ masks tax bill’s U.S. debt impact, GOP lawmaker said. What the deficit means for your money

Annabelle Gordon/Bloomberg via Getty ImagesThe massive package of tax cuts House Republicans passed in May is expected to increase the U.S. debt by trillions of dollars — a sum that threatens to torpedo the legislation as the Senate starts to consider it this week.The Committee for a Responsible Federal Budget...

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