Why NYC bondholders should be very afraid of 1970s-style financial crisis
The clown car, a New York politics where the mayor hangs for his life and the left-wing assortment might drive Gotham, is an unfortunate sight. It also shows a risk to financial market chunks as it is an existential threat to investors holding billions of dollars in municipal debt in New York City, analysts say […]
Financial adviser explains what you need to know right before retirement – KCRA Sacramento
A financial advisor explains what you need to know just before you retire Updated: 3:23pm PST February 19, 2025 So, is 2025 the year you plan to retire? Well, don't strut your boss's office yet. Until we received advice from Catherine McCall, Captrust's vice president and financial advisor. And you joined us this morning. I'm […]
Warren Buffett’s Berkshire Hathaway slashes stakes in Bank of America and Citi – Financial Times
Unlock Editor's Digest Lock for Free FT editor Roula Khalaf will select your favorite stories in this weekly newsletter. Warren Buffett's Berkshire Hathaway has some of the US's biggest banks' interests in the last three months of 2024 as billionaire investors dumped billions of dollars worth of Bank of America and Citigroup shares. has been […]
Lee Zeldin demands return of $20B ‘parked’ at a financial institution by ‘Biden EPA’ to dole out to climate groups
EPA administrator Lee Zeldin announced Wednesday that the Biden administration has found $20 billion for taxpayers who have been “parked” at financial institutions. Zeldin, 45, explained in a video posted to X that obfuscation by the Biden administration was unprecedented and that he requested an unnamed financial institution to immediately return the funds to the […]
Shutting down CFPB 'begging for another financial crisis': Former director
Rohit Chopra, former director of the Consumer Financial Protection Bureau (CFPB), argued on Monday that shutting down agencies “is calling for another financial crisis” as the Trump administration is aiming for the CFPB. “We previously did this experiment in the years leading up to the subprime mortgage crisis. As we all know, it was an […]
Government officials ‘more pessimistic’ about financial health of rugby union | Rugby union
Government officials say they are increasingly pessimistic about the financial stability of the professional rugby coalition, as they defended loans given to sports organisations during the pandemic. The National Audit Office (NAO) report, released last year, said the total £474 million loans that were loaned to sports organisations during the pandemic will not be recovered. […]
Consumer Financial Protection Bureau to shut down for a week: Reports
Consumer Financial Protection Bureau (CFPB) is closed I'll be down for a weekaccording to multiple Report. Adam Martinez, CFPB Chief Operating Officer I said in The Washington Post said Sunday's email reported that CFPB headquarters in Washington, DC will be closed from Monday. Russell Vault's office, director of management and budgets, has recently been trying […]
Energy experts blast failed billion-dollar DOE project as ‘financial boondoggle,’ ‘disaster’
The major solar power plant project, granted over $1 billion in federal loans, is on the road to closure, with energy experts blasting the project as a “boondoggle” that damaged the environment Masu. In 2011, under former President Barack Obama, the US Department of Energy (DOE) was to fund the Ivanpah Solar Power facility, a […]
A financial plan to guide late-life decisions will help weather unpredictable future – Star Tribune
The proverbs stemming from Yogi Berra, Samuel Goldwyn, Niels Bohr and others are “never predicting the future in particular.” Anyone who said it, the warning is a proper warning about the risk of prognosis in an uncertain world. But here is one prediction I am certain that I am true. Institutional chaos President Donald Trump […]
Musk’s DOGE Targets Consumer Financial Protection Bureau
Elon Musk's Government Efficiency Bureau (DOGE) has launched audit protocols at the Consumer Financial Protection Bureau (CFPB) after saying that it should “delete” agents. Musk, handpicked by President Donald Trump to reduce wasteful and fraudulent spending within the government, told him to “lip” (splitting in peace) in a post on Friday afternoon shortly after Bloomberg […]