Author: Keegan Leighty

The Biden administration has launched a new mission to tackle “junk fees,” proposing significant regulatory changes, including a rule by the Consumer Financial Protection Bureau to cap credit card late fees at $8 that could save consumers $14.5 billion annually. This effort extends beyond credit cards, targeting various sectors with unfair fees, thereby reflecting a […]

JetBlue Airways and Spirit Airlines have called off their $3.8 billion merger after a federal court ruling raised significant antitrust concerns in January, marking a victory for the Biden administration’s stance against mergers that could harm competition. The decision comes as both airlines recognized the insurmountable legal challenges they faced, with JetBlue agreeing to pay […]

Elon Musk’s involvement with OpenAI began with visions of a nonprofit promoting beneficial AI for the public, but as funding demands grew, disagreements emerged over shifting to a for-profit model. This led to Musk’s legal battles against OpenAI for deviating from its foundational mission, adding to the growing list of legal troubles Musk is facing. […]

Chinese investors and businesses are increasingly seeking profits abroad, driven by domestic market challenges. This outward investment trend is led by mechanisms like the Qualified Domestic Institutional Investor (QDII) program amidst regulatory challenges and a complex economic backdrop, reflecting a strategic pivot towards global diversification. Finding Profts Aborad Chinese investors and businesses are increasingly looking […]

Bitcoin has shattered previous records by surpassing $68,978, reflecting a renewed surge in interest and confidence. This surge was largely driven by the approval of spot Bitcoin ETFs and the anticipation of halving events. This resurgence defies past skepticism over its relevance, signaling a robust future despite environmental and regulatory challenges. New High Bitcoin’s incredible […]

The European Union has imposed a €1.84 billion ($2 billion) fine on Apple for practices that unfairly favored its music streaming service over competitors like Spotify. This pivotal action signifies a major step in the EU’s efforts to promote fair competition and protect consumer choice within the digital marketplace. A Hefty Fine In a bold […]

The United States is on track to experience a significant increase in its migrant population, with projections indicating nearly 8 million migrants by the end of September, a 167% rise over five years, attributed to President Biden’s border crisis and systemic issues within an outdated and underfunded immigration system. This surge exacerbates the backlog of […]

The 2024 National People’s Congress (NPC) in China convenes this week against the backdrop of a slowing economy thanks to an aging workforce, strained U.S. relations, and a housing sector crisis. Amid these issues, the NPC aims to increase economic confidence and set growth targets while facing public and investor unease over the country’s economic […]

Denver Mayor Mike Johnston announced a strategic shift in the city’s migrant aid plan, helping the migrants get stable and sustainable lives and work authorization, other than just finding temporary shelter. This comprehensive approach aims to integrate migrants into the community more effectively while addressing the fiscal impact and preparing for future needs. Migrant Assistance […]