Banks Are Racking Up Wins Even Before Trump Is Back in White House NYT | Top Stories By: Jeanna Smialek 9 January 2025 at 18:01 Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role. © Victor Llorente for The New York TimesThe headquarters of Goldman Sachs in Manhattan. President-elect Donald J. Trump’s return to the White House heralds an era of gentler bank oversight.
Rate-Cut Decision Was Narrow, Fed Minutes Show NYT | Top Stories By: Ben Casselman 9 January 2025 at 05:06 Stubborn inflation, and potential tariffs, make future rate cuts uncertain. © Anna Rose Layden for The New York TimesThe Federal Reserve building in Washington.
Rate-Cut Decision Was Narrow, Fed Minutes Show NYT | Top Stories By: Ben Casselman 9 January 2025 at 04:36 Stubborn inflation, and potential tariffs, make future rate cuts uncertain. © Anna Rose Layden for The New York TimesThe Federal Reserve building in Washington.
Biden Administration Moves to Ban Medical Debt From Credit Reports NYT | Top Stories By: Madeleine Ngo 7 January 2025 at 18:01 The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White House this month. © Michael A. McCoy/Getty Images“People who get sick shouldn’t have their financial future upended,” Rohit Chopra, the director of the Consumer Financial Protection Bureau, said in a statement announcing the new rule.
China Reveals $1.4 Trillion Plan to Bail Out Local Governments NYT | China By: Meaghan Tobin and John Liu 8 November 2024 at 18:34 The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.
Foreclosures in China Soar, Threatening to Choke Off Bank Profits NYT | China By: Keith Bradsher 4 November 2024 at 18:00 When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.