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US Regulators Considering Slashing Proposed Capital Hike for Big Banks: Report

US Regulators Considering Slashing Proposed Capital Hike for Big Banks: Report

The Federal Reserve and two other US regulators are reportedly considering a new plan to reduce a nearly 20% mandated increase in capital for the country's largest banks.


China Sanctions Boeing, Two US Defense Contractors for Taiwan Arm Sales

Amidst Taiwan's presidential inauguration, the Chinese government made a significant move by imposing sanctions on Boeing and two other defense companies.

William Lai Sworn In as Taiwan's New President

William Lai Ching-te has been sworn in as Taiwan’s new president, replacing Tsai Ing-wen after her eight-year tenure.

Dublin-NYC ‘Portal’ Limits Visible Hours After Flashing, Indecent Incidents

The Dublin-New York Portal created by Lithuanian artist Benediktas Gylys has been reopened in limited hours after incidents of indecent incidents.


Latest News

Social Security Payment Worth Up to $4,873: Who's Eligible to Receive on July 10?
Social Security recipients are projected to receive an additional $60 per month in 2025, with benefits rising by approximately 3.2 percent due to persistent inflation, according to new estimates.
New Colorado Tax Credit Aims to Slash Child Poverty, Leveraging TABOR Surplus
Overcoming common barriers such as income limits and filing status can enable individuals to qualify for the Earned Income Tax Credit (EITC)
Student Loan Payments Set to Halve for SAVE Plan Participants Starting July
The Biden administration has extended a vital deadline for student loan borrowers seeking debt relief, pushing the deadline for loan consolidation to June 30.
GERMANY-US-INTERNET-AI-ARTIFICIAL-INTELLIGENCE
"AI Godfather" Geoffrey Hinton advocates for universal basic income to address job displacement caused by AI advancements and the need for global regulations to ensure ethical AI use.
Samsung Electronics Chairman Lee Jae-yong Attends Court In Merger Case
South Korea's financial regulator assured investors in New York of the government's dedication to corporate reform.
Ukraine Claims Destroying Russian-Used Starlink Systems Despite Elon Musk Denying Doing Business With Kremlin
Elon Musk recently arrived in Bali to inaugurate the Starlink satellite internet service, aiming to provide reliable internet access to Indonesia's remote areas.
gasoline
Gas prices are expected to rise by about $0.10 per gallon this summer due to decreased refinery capacity and higher refining costs, with the average price projected to be around $3.70 per gallon.
Joe Biden Billionaire Megadonor Faces Being Ousted From Own Tech Company Over 'Concerns’ About HIs Conduct
Joe Kiani, a billionaire and prominent megadonor to President Joe Biden, is facing being ousted as chairman of Masimo, the medical device company he founded.
Elon Musk Kills Twitter Site as He Confirms Domain Transition to X.com Is Now Complete
Elon Musk has completed the rebranding of Twitter, the social media platform he owns, as its website name or URL officially changes to X.com.
Stellantis Appoints New Leaders for Ram and Dodge Brands as Tim Kuniskis Steps Down After 32 Years
Tim Kuniskis, who has been with Stellantis for nearly 32 years and is CEO of the Ram and Dodge brands, announced his retirement on Friday.