The Federal Reserve has officially lifted the $1.95 trillion asset cap on Wells Fargo—a penalty imposed over past fake accounts scandals. This regulatory shift, lauded as “substantial progress,” is expected to free up the bank’s growth potential while investors now mull over whether the relief is as sweet as it sounds.
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President Trump has unveiled a travel ban that restricts entry for citizens of 12 countries while targeting an additional seven, stirring anxiety domestically and abroad. The policy has ignited political debates and apprehension among international communities, with both critics and supporters weighing its far‐reaching implications. More...
Lawmakers are locked in heated discussions over President Trump’s “big beautiful bill,” which threatens crucial programs like Medicare and SNAP. With proposals to cut spending and adjust judicial oversight, even staunch Trump loyalists express misgivings, underscoring the contentious fiscal and policy battles unfolding on Capitol Hill. More...
In a high-stakes diplomatic move, President Trump spoke with Chinese President Xi in a long-anticipated call aimed at de-escalating trade tensions. The conversation, unfolding against a backdrop of unresolved tariff disputes, underscores the delicate balance between political brinkmanship and the urgent need to revive stalled economic talks. More...
President Trump’s public fallout with Elon Musk has escalated over proposed cuts to electric vehicle incentives embedded in a sweeping tax bill. The drama unfolded as Trump decried Musk’s criticisms and hinted at a ruptured relationship, with both sides now locked in a blunt, if not bickering, dispute over policy and profit. More...
A public spat between President Trump and Elon Musk has erupted as Musk takes aim with impeachment calls and tweets criticizing federal policies. In response, Trump warns of revoking federal contracts while SpaceX considers drastic moves, fueling market volatility and a flurry of social media barbs between the two power players. More...
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