In the latest and final revision of how the economy fared in the third quarter — through the growth in gross domestic product — the headline is that growth was healthy. GDP was better than expected, and it’s almost always the case that GDP’s direction...
A flurry of announcements and proposals from the Consumer Financial Protection Bureau in the weeks leading up to — and after — November’s election begs the question: With the agency under fire from the majority party — as Republicans have control of the presidency and...
President-elect Donald Trump spent decades branding himself as a dealmaker. Now, the world’s other dealmakers are hoping his return to the White House will lead to an uptick in “megamergers,” the Financial Times reported Thursday (Dec. 19). The global value of mergers and acquisitions (M&A)...
Congress urges industry-specific AI oversight in its first comprehensive framework, while Malaysia launches a National AI Office to steer its tech regulation ambitions. The U.K. joins the effort with proposed copyright reforms, aiming to balance innovation with creative industry protections. House AI Task Force Seeks...
November 27, 2024
The Bureau of Economic Analysis confirmed Wednesday (Nov. 27) that third-quarter GDP grew at a 2.8% rate, unchanged from a previous estimate. However, there are several puts and takes that bear watching, indicating where consumer spending, which has long been the key growth engine of the economy, might be headed. Deceleration remained a hallmark of […]
November 20, 2024
Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening, borrowers are feeling discouraged. The...
November 06, 2024
The price of bitcoin hit a new all-time high Wednesday (Nov. 6), and America elected a new president. The two are far from unrelated. Following the projected victory of Donal...
September 25, 2024
As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance innovation and oversight. Meanwhile, industry...
December 19, 2024
President-elect Donald Trump spent decades branding himself as a dealmaker. Now, the world’s other dealmakers are hoping his return to the White House will lead to an uptick in “megamergers,” the Financial Times reported Thursday (Dec. 19). The global value of mergers and acquisitions (M&A) is up 11% this year, in contrast to 2022 when […]
December 18, 2024
The U.S. Supreme Court reportedly said Wednesday (Dec. 18) that it will hear TikTok’s appeal of a law that would see the app banned in the United States if it...
December 16, 2024
The United Kingdom’s internet regulator issued final safety guidelines for online service providers. “People in the U.K. will be better protected from illegal harms online, as tech firms are now...
December 12, 2024
European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted after Brexit. Members of the...
