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This amid reports theyre following in wall streets footsteps with a minimum wage hike. The sec paves the way to vote on a potential spin off. And welcome to Worldwide Exchange. The fed did it again. Removing the word patient but saying the rate rise would not come as likely. The nasdaq composite breaking 5,000 briefly in yesterdays session. Lets take a look at u. S. Futures right now. They are pointing to a lower open despite the rally that we saw yesterday so it does seem like theres a little bit of nervousness in the market. Investors still trying to assess what that fed statement means for Global Markets. The dow down 53 points in todays trade and premarket but back to the rally we saw yesterday utilities moving higher and lower Interest Rates makes dividend yields look relatively more attractive. In response we sa ....
The war on junk fees has become a centerpiece of the president’s and Democrats’ political agenda. They’re banking on the issue being an electoral hit, believing junk fees to be universally unpopular. And the release of a proposed Federal Trade Commission (FTC) rule in October would give the effort teeth, creating a legal standard in which full prices must be displayed up front and additional fees must be legitimate. ....
FTX’s demise and its leader’s upcoming trial haven’t stopped a major lobbying push by the industry this week, but the events have changed its tone. ....
SVB increased its lobbying as efforts strengthened to repeal parts of the Obama-era Dodd Frank Act, designed to prevent the type of crisis SVB faced. ....