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Former Fed official's bank set to receive rare master account approval, raising eyebrows
Numisma, a small bank founded by former Fed official Randal Quarles, received conditional approval for a master account, a highly sought-after service denied to most uninsured institutions.
National Debt Tracker: American taxpayers (you) are now on the hook for $34,568,254,514,015.39 as of 5/23/24
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
Boeing facing 'long road' in addressing safety issues, FAA chief says
The head of the Federal Aviation Administration (FAA) said Thursday that Boeing has a "long road" ahead in addressing its safety issues as the airplane manufacturer readies its plan.
Mortgage rates dip below 7%
The average rate for a 30-year fixed-rate mortgage dropped below 7% this week for the first time in over as month as affordability issues continue to weigh on the housing market.
Walmart adds pet telehealth perk to membership program
Walmart announced a new partnership this week with Pawp, a virtual pet care service, aimed at helping its loyalty members reduce their pet care expenses.
DOJ sues Live Nation and Ticketmaster, alleging 'monopolistic control' over live events business
The Justice Department has filed a civil antitrust lawsuit against Live Nation-Ticketmaster, alleging "monopolization and other unlawful conduct."
Nvidia announces 10-for-1 stock split, shares hit $1,000
Nvidia is cashing in on the AI boom it has been driving by giving investors a hefty 10-for-1 stock split as revenues continue to grow faster than Wall Street expectations.
Massachusetts risks losing $1B as wealthy flee for lower-tax states
A new study published by Boston University found migration out of Massachusetts is rising at an "alarming" pace, and the state risks losing $961 million.
Traveling Memorial Day weekend? Here's how to avoid traffic
A record number of travelers are set to hit the road for the Memorial Day weekend, which means time sitting on the road can be up to 90% longer, industry analyst warns.
Retirement account balances hit highest level since 2021
A new analysis by Fidelity Investments found Americans' retirement account balances are the highest they have been in more than two years, thanks to two major factors.