The White House is set to nominate Christy Goldsmith Romero, a regulator in the markets, as the new Federal Deposit Insurance Corporation (FDIC) chair in the upcoming weeks. This nomination comes after a recent scandal involving the current FDIC chair, Martin Gruenberg, who is stepping down due to allegations of misconduct and harassment within the
Politics
President Joe Biden recently celebrated the release of the latest inflation report, highlighting the fact that consumer prices did not increase in May compared to the previous month. This marks the first time since 2022 that the month-over-month inflation rate has remained flat in the United States. The report also revealed a decrease in the
The credibility of the star witness, Jose Uribe, in the federal corruption trial of Sen. Robert Menendez has come under scrutiny by defense attorneys. Uribe, one of the originally charged businessmen in the case, flipped in early March and agreed to cooperate with prosecutors in exchange for a chance to avoid prison. During his direct
As the new trading week begins, stock futures are showing a slight decline after last week’s positive performance. Dow Jones Industrial Average futures are down by 0.2%, while S&P 500 futures and Nasdaq 100 futures are also ticking lower. Notably, Nvidia stock, which has been a significant market mover recently, is also experiencing a dip
French President Emmanuel Macron made headlines on Sunday with his announcement to dissolve the country’s parliament and call for a new legislative nationwide vote following a heavy defeat at the EU elections. The surprising move came after exit polls showed Marine Le Pen’s far-right National Rally (RN) leading with 31.5% of the vote, compared to
Former President Donald Trump recently made a statement acknowledging that the price of insulin has decreased under President Joe Biden’s administration. However, he was quick to assert that the achievement was a result of his own efforts during his time in office. Trump’s remarks, posted on Truth Social, suggest that Biden is wrongfully trying to
Recently, Republican presidential candidate Donald Trump has voiced his intentions to impose tariffs on countries, specifically China, that fail to control the influx of undocumented immigrants into the United States. Trump made these statements during an event in Arizona, a key battleground state, where he highlighted the economic leverage the U.S. possesses to enforce such
As voters across the 27 member states of the European Union head to the polls, there is a growing support for far-right parties. Analysts anticipate more protectionist policies from the bloc, with a focus on defense spending and potentially fewer climate targets. This shift in political makeup could have far-reaching consequences for the future of
Former President Donald Trump is slated to meet with the powerful business lobbying group, the Business Roundtable, in Washington. The meeting is scheduled for June 13 and Trump will be in attendance. This move comes as Trump attempts to build alliances with major corporate leaders. It is worth noting that President Joe Biden was invited