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 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 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 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 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
The Intercontinental Exchange (ICE) is taking its cryptocurrency venture, Bakkt, public. This move will help bring ICE closer to achieving its goal of launching an app for consumers
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
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
The Consumer Financial Protection Bureau has released its report from the Taskforce on Federal Consumer Financial Law. The report consists of roughly 100 recommendations for
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
The Consumer Financial Protection Bureau will finally share the findings of the Taskforce on Federal Consumer Financial Law. After a year of analysis, the Taskforce
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
