The White House is preparing to nominate Christy Goldsmith Romero as the new chair of the Federal Deposit Insurance Corporation (FDIC), replacing Martin Gruenberg. Gruenberg’s departure followed a scandal involving sexual harassment and other misconduct within the banking regulator’s top ranks. In an effort to expedite the confirmation process, the White House aims to hold
Politics
President Joe Biden recently addressed the public regarding the latest inflation report, highlighting the fact that consumer prices did not increase in May compared to April. This was the first time since 2022 that the month-over-month inflation rate in the US remained flat. The federal Bureau of Labor Statistics report indicated that the annual inflation
In the federal corruption trial of Sen. Robert Menendez, defense attorneys are closely scrutinizing the credibility of the star witness, Jose Uribe. Uribe, one of the original defendants in the case, chose to cooperate with prosecutors in exchange for a reduced sentence. During his testimony, Uribe claimed that he bribed Menendez and his wife in
As the new trading week begins, stock futures took a hit on Monday morning after a successful week last Friday. Dow Jones Industrial Average futures saw a decrease of approximately 0.2%, while S&P 500 futures and Nasdaq 100 futures also experienced slight declines. Notably, Nvidia stock, which has been a significant market influencer recently, was
French President Emmanuel Macron faced a heavy defeat in the EU elections, prompting him to make a surprising decision. Macron announced that he would dissolve the country’s parliament and call for a new legislative nationwide vote. This unexpected move came after exit polls indicated that Marine Le Pen’s far-right National Rally (RN) is set to
Former President Donald Trump recently acknowledged the decrease in insulin prices under President Joe Biden’s administration. However, Trump still wants the American voters to credit his own administration for this positive change. According to a Truth Social post by Trump, he claims, “Low INSULIN PRICING was gotten for millions of Americans by me, and the
During a recent event in Arizona, Republican presidential candidate Donald Trump made it clear that he is considering imposing tariffs on countries, specifically China, that do not make an effort to curb the flow of undocumented immigrants into the United States if he wins the upcoming U.S. election in November. This statement has raised eyebrows
The political landscape of the European Union is on the brink of significant change as voters from the 27 member states prepare to cast their ballots. Amid a surge in support for far-right parties, analysts anticipate a shift towards more protectionist policies within the bloc. This transformation is expected to include a reduction in climate-related
Former President Donald Trump is scheduled to meet with the Business Roundtable, a powerful business lobbying group in Washington, in an effort to build an alliance with corporate leaders. This meeting comes at a critical time as Trump seeks support for his potential campaign for president in the upcoming election. Joshua Bolten, the CEO of
The Kremlin recently refuted an allegation that it is engaged in a disinformation campaign directed towards France, French President Emmanuel Macron, and the 2024 Olympic Games in Paris. According to the Microsoft Threat Analysis Center (MTAC), Russia is escalating its efforts to spread malign disinformation against these entities as the 2024 Paris Opening Ceremony draws