Simone Del Rosario
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How will banks hold up against stress test that mimics 2008 financial crisis?
Doctors use stress tests to find out how well one’s heart works when pumping harder than normal. The Federal Reserve does the same for banks and this year’s health results will be released Wednesday, June 26, after markets close. After the 2008 financial crisis, the Fed determined it was a good idea to test how… -
Paris 2024: Behind the Olympic spectacle lies a history of corruption
Every four years, billions of people across the globe tune into the Summer Olympics. The 2024 Games are set to be a spectacle, descending on Paris for the first time in 100 years. But sometimes, scoring the biggest sporting event on the planet is rife with corruption. And the scandals don’t stop after the winning… -
Politicians say Americans don’t pay for tariffs. What do economists say?
The closer it gets to November, the more Americans hear about tariffs, which are on the agendas of both presidential candidates vying for their vote. But is tariff just a fancy word for tax? And who ends up paying? The answer may depend on whether you ask an economist or a politician. Tariffs were a… -
Caitlin Clark’s Olympic ‘snub’ reminds us the best athletes used to be banned
One of the most covered stories about the upcoming Olympics is who’s not competing in Paris. WNBA rookie Caitlin Clark has been left off the Team USA roster in favor of more veteran talent, like A’ja Wilson, Breanna Stewart and Diana Taurasi. But a generation ago, none of these women would have been allowed to… -
Trump floats more tariffs and eliminating taxes on tips. Here’s the price tag.
The 2024 presidential campaign is in full swing and former President Donald Trump is making headlines with his economic policy proposals. Eliminating taxes on tips is one he introduced while campaigning in Nevada, aiming to gain support from Americans in the service industry who may directly benefit. Another campaign proposal revolves around expanding tariffs on… -
Your boss is watching you: Why more companies are spying on workers
Since the onset of the COVID-19 pandemic, the use of employee surveillance technology by companies has surged. Even as many employees have resumed office work, firms continue to monitor them closely. On Friday, June 14, reports emerged that Wells Fargo dismissed over a dozen employees accused of “simulating keyboard activity” rather than working. Wells Fargo… -
Tesla shareholders side with Elon Musk. Here’s why it won’t erase legal woes
Elon Musk lassoed victory in Texas on Thursday, June 13. Tesla shareholders overwhelmingly approved his pay package for the second time and voted to approve the company relocating its incorporation from Delaware to Texas. Tesla officially announced the results at Thursday’s shareholder meeting but Musk jumped the gun nearly a full day early, posting preliminary numbers… -
Federal Reserve teased a ‘glimmer of hope’ in its comments on inflation
There’s a single, subtle change in the Federal Reserve’s latest comments on inflation. In May, the Federal Open Market Committee said there had been a “lack of further progress” toward its 2% inflation target. On Wednesday, June 12, hours after the latest inflation report became public, the committee changed the phrase to note “modest further… -
These hidden costs of homeownership are up 26% since 2020
It’s hard enough to buy a home since 2020 with prices up 38% and the interest rate on that mortgage five percentage points higher. However, those two sticker shocks are just the start. A new report by Bankrate said the hidden costs of homeownership are up 26% since 2020. This includes property taxes, homeowners insurance and home… -
Rumored $76B NBA TV deal is full of streaming options. Will prices go up?
NBA on NBC could be back after more than two decades. Following months of negotiations, the NBA is close to finalizing a $76 billion, 11-year deal for broadcast rights, according to an exclusive report from the Wall Street Journal. Here’s how it shakes out, according to the Journal: There’s a common theme in the way the… -
New Texas Stock Exchange takes on New York in stock market showdown
Texas is two-stepping on New York City’s territory with plans to open a competing stock exchange. TXSE Group announced Wednesday, June 5, that it raised $120 million in capital to start the Texas Stock Exchange. Financial heavyweights BlackRock and Citadel Securities backed the exchange. Few buildings in New York are more iconic than the New… -
Roaring Kitty rockets GameStop stock with post revealing $116 million stake
GameStop’s stock surged again on Monday, June 3, after meme stock master Keith Gill took to Reddit to share a snapshot of what appeared to be a $116 million stake in the company. The video game retailer’s share price went up more than 80% premarket before settling roughly 30% higher on the day. Gill, also… -
Why former GOP candidate Ramaswamy bought a big stake in BuzzFeed
Before he posited as a presidential candidate, businessman Vivek Ramaswamy was making his name as an anti-woke activist investor, targeting oil companies in a crusade against environmental policies. Now, the conservative commentator is putting his money in the mediascape, targeting BuzzFeed. Ramaswamy now holds an 8% stake in the company after buying up shares for months.…
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Biden considers commuting death row: Report
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Louisville police issue citation to homeless woman in labor
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New book accuses Spotify of promoting fake artists
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Andrew Cuomo sues for defamation after sexual harassment allegations
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