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Finance

Stimulus Check Savings Could Boost Recovery

Americans saved over $1 billion in the first three quarters of 2020, largely thanks to stimulus checks and curbed spending habits due to the pandemic. The boost in savings

Microsoft Takes a Chance on Driver-Less Cars

Microsoft is joining forces with General Motors’ driverless-car startup Cruise to help speed up the commercialization of autonomous vehicles. The pair-up is a sign of renewed interest

Amazon Faces Price-Fixing Lawsuit

Amazon is facing a new lawsuit over price-fixing through a deal between the retail giant and book publishers.   The lawsuit was filed in New York

Toyota to Pay Record $180 Million Fine

Toyota Motor will pay a massive $180 million fine to settle a U.S. Justice Department complaint that the carmaker violated reporting requirements of the Environmental Protection Agency’s

Walmart to Launch Fintech Startup

Walmart announced its intention to create a fintech start-up in partnership with Ribbit Capital, one of the venture capital firms behind popular investment app Robinhood. The

American Express is Under Federal Investigation

American Express is facing a federal probe into the company’s business-card sales practices.   Reports claim that the government is investigating whether American Express used

Jobless Claims Steady Amid New Pandemic Aid

New applications for unemployment almost held steady the week of New Years. The initial weekly claims for jobless benefits fell by 3,000 to 787,000 after the prior

New Proposal for Cryptocurrency Regulation

A newly proposed regulation for cryptocurrency is causing a stir in the tech and finance worlds. The Financial Crimes Enforcement Network Treasury (FinCEN) proposed a new rule

Mortgage Rates Continue Dramatic Decline

Mortgage rates worldwide have declined for the past few months leading some insiders to discuss the possibility of negative interest rates on mortgages.  Data from Freddie Mac shows that

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