Business + Money

U.S. courts have announced that $108 million in cash and $25 million worth of oil has been seized from a global network of Iranian oil smugglers. U.S. Justice Department Launches Legal Cases The U.S. Justice Department initiated a potential indictment on three separate counts targeting Iran’s oil trade, revealing a network established by Iran in … Read more

Publicis, the advertising firm used by Purdue Pharma to falsely advertise OxyContin, has reached a historic $350 million settlement, and it needs to be paid right now. Landmark Resolution for Publicis Publicis played a major role in advertising the sale of OxyContin for Purdue Pharma before millions became addicted to the drug, causing a severe … Read more

As the new year brings a swathe of new economic data and predictions, economists are making their call on the interest rates, with forecasts pointing towards a bit of a reprieve for mortgage holders. The impact of these changes on both homebuyers and sellers could be significant, and household budgets may get to enjoy a … Read more

There has been a serious crisis for craft beer breweries over the last five years as Gen Z prefers mocktails and cocktails, resulting in huge financial losses for companies, including Guanella Pass. Brewing Industry Shock Guanella Pass Brewing has joined a long list of craft beer companies by filing for Chapter 11 bankruptcy. Financial Struggles … Read more

As everyday consumers find themselves with less and less money at the end of each month, a number of different factors are combining to make saving money more and more difficult. Here’s the full story. Less Money, More Problems It should be abundantly clear to all but the very wealthiest in our society that money … Read more

In a recent interview, Federal Reserve Chair Jerome Powell affirmed the central bank’s commitment to a series of interest rate cuts this year. Powell’s statements, featured on “60 Minutes,” shed light on the Federal Reserve’s strategy amid a backdrop of a healthy economy and a slowing inflation rate. Federal Reserve’s Rate Cut Projection In December, … Read more

2.7 million student loan borrowers across the country could be affected by Navient’s decision to transfer data to MOHELA, a company that has already been investigated and punished for a number of controversies. Navient’s Loan Switch Navient, a major private student loan servicer, has controversial plans to move its current loan data to MOHELA. Impact … Read more

Fresh from his retirement, famed banking analyst Richard X. Bove has delivered a prediction that could throw a spanner into the works of the U.S. economy. Here are his full remarks. Bove’s Bold Prediction “The dollar is finished as the world’s reserve currency,” announced Bove in an exclusive interview with the New York Times.  The … Read more

Boeing has been under the microscope from analysts and former executives, who argue the company is putting profit over quality after numerous safety incidents over the years. Recent Aviation Turmoil Boeing has had a tumultuous few years after numerous safety incidents, including two fatal crashes. Boeing’s Long List of Failures Incidents included fuselage damage, quality … Read more

In a fiery opening segment on MSNBC’s “All In with Chris Hayes,” host Chris Hayes dove headfirst into the latest economic data, proclaiming, “It is 2024, and the American economy is back, baby.” Hayes dissected the disparity between economic indicators and public sentiment, shedding light on the resurgent U.S. economy under President Joe Biden. The … Read more