Ty Cobb, a former lawyer for the Trump administration, has raised concerns about potential repercussions for President Joe Biden should his predecessor, Donald Trump, win the upcoming election.
This week witnessed a flurry of activity in the world of cryptocurrency. From the surprising emergence of a GameStop memecoin to Elon Musk’s tweet causing a stir in the memecoin world, there was no shortage of excitement. Cryptocurrency analysts also predicted a surge for Dogecoin, while Shiba Inu experienced a significant spike in its burn rate.
The KBW Nasdaq Regional Bank Index experienced its most severe drop since March, decreasing by 6%. This slump was primarily instigated by New York Community Bancorp, Inc. (NYSE: NYCB), which saw a nearly 40% drop following a Q4 loss of $260 million, consequent to distressed commercial real estate loans.