Business

The resignation of Michael Barr from his role as the Federal Reserve’s Vice Chair for Supervision marks a significant turning point in U.S. financial regulation. As the banking sector emerges from a period of intense scrutiny, Barr’s departure not only reflects his decision to step back from potential legal confrontation with the Trump administration but
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In a striking revelation, Hindenburg Research, a prominent short-selling firm, has positioned itself against Carvana, an online platform specializing in the used car market. Their recent report poses grave allegations regarding the sustainability of Carvana’s apparent recovery, labeling it as a deceptive “mirage.” The core of Hindenburg’s argument revolves around supposed flimsy loan structures and
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This past holiday season marked a significant milestone for Netflix, as the streaming giant achieved unprecedented viewership numbers for NFL games broadcast on Christmas Day. According to Nielsen’s analysis, approximately 65 million viewers across the United States tuned in to enjoy the two exclusive matchups facilitated by Netflix, underscoring the service’s growing influence in the
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In a significant move, a coalition of banks and financial organizations has initiated legal action against the Federal Reserve, targeting the annual stress testing procedures imposed on financial institutions. Key players in this lawsuit include the Bank Policy Institute (BPI), which represents some of the industry’s largest entities such as JPMorgan, Citigroup, and Goldman Sachs,
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