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Philadelphia-Based Republic First Bank Collapses in First Bank Failure of 2024
The FDIC entered into an agreement with Fulton Financial to assume the deposits and assets of the failed bank.
Southwest Pulling out of 4 Airports Due to First Quarter Loss, Boeing Problems
The loss was worse than expected.
DOJ Requests Binance Founder Changpeng Zhao Receive 36 Months in Prison After Guilty Plea
DOJ is recommending that Changpeng Zhao, the founder of the world’s largest crypto exchange, Binance, serve 36 months in prison.
Hot Inflation Data Weighs on Federal Budget
Meanwhile, federal Treasurer Jim Chalmers has said the drop in annual inflation occurred under Labor.
Biden Admin Expands Overtime Pay for Millions of Americans
Rep. Virginia Foxx, a Republican, argued that the regulation could leave companies riddled with new additional costs.
Supreme Court May Rule for Starbucks in Labor Organizing Dispute
The coffeehouse chain is fighting a lower court order forcing it to rehire labor organizers whom Starbucks claims violated company policy.
Donald Trump Warns Strong Dollar ‘Total Disaster’ for US Economy
The U.S. dollar surged to a 34-year high against the Japanese yen.
Experts Say Biden’s China Steel Tariffs Unlikely to Affect Australian Iron Ore Exports
US President Joe Biden proposed to increase the current 7.5 percent average tariff rate for steel to 25 percent.
Tesla Laying Off Over 2,000 Employees in Texas Amid Global Workforce Slash
Tesla owner Elon Musk says the layoffs ‘will enable us to be lean, innovative, and hungry for the next growth phase.’
