Fed Lifts Wells Fargo Asset Cap, Paving Way For Unfettered Growth
The Federal Reserve has officially lifted the $1.95 trillion asset cap on Wells Fargo—a penalty imposed over past fake accounts scandals. This regulatory shift, lauded as “substantial progress,” is expected to free up the bank’s growth potential while investors now mull over whether the relief is as sweet as it sounds.
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Trump and Xi Hold Long-Awaited Trade Call Amid Tensions
In a high-stakes diplomatic move, President Trump spoke with Chinese President Xi in a long-anticipated call aimed at de-escalating trade tensions. The conversation, unfolding against a backdrop of unresolved tariff disputes, underscores the delicate balance between political brinkmanship and the urgent need to revive stalled economic talks. More...
Trump travel ban spurs global anxiety and political debate
President Trump has unveiled a travel ban that restricts entry for citizens of 12 countries while targeting an additional seven, stirring anxiety domestically and abroad. The policy has ignited political debates and apprehension among international communities, with both critics and supporters weighing its far‐reaching implications. More...
Russian drone strike after Trump-Putin call kills civilians
A Russian drone strike in Ukraine, occurring hours after a controversial Trump-Putin phone call, resulted in the deaths of five civilians, including a child. The attack has intensified scrutiny over Russia’s military actions and regional instability, prompting international reactions amid already tense geopolitical circumstances. More...
GOP Subpoenas Biden’s Personal Doctor Over Cognitive Claims
House Republicans have escalated their investigation into President Biden’s health by subpoenaing his personal physician, Kevin O’Connor. This politically charged move is seen as an attempt to probe alleged cover-ups regarding the president’s cognitive condition, fueling a partisan firestorm in Washington. More...
Trump’s Megabill Sparks Fierce Debates Over Safety Nets
Lawmakers are locked in heated discussions over President Trump’s “big beautiful bill,” which threatens crucial programs like Medicare and SNAP. With proposals to cut spending and adjust judicial oversight, even staunch Trump loyalists express misgivings, underscoring the contentious fiscal and policy battles unfolding on Capitol Hill. More...
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