Deutsche Bank’s recent financial report revealed a concerning trend as the bank snapped a 15-quarter profit streak with a narrower-than-expected loss. The net loss attributable to shareholders was 143 million euros, slightly better than the predicted loss of 145 million euros according to analysts. However, the bank’s decision to make a provision for an ongoing
Legal
Warner Bros. Discovery has declared its intention to exercise its matching rights in response to the NBA’s decision to consider a package of games with Amazon Prime Video. This move comes as part of their effort to maintain their long-standing partnership with the league and ensure continued access to top-quality game coverage and iconic studio
In a recent court ruling, Michelle Mack, the mastermind behind a massive organized retail crime operation that targeted Ulta Beauty and other major retailers, has been sentenced to more than five years in a California state prison. Living in Bonsall, California, Mack was a central figure in a network of individuals who stole millions of
The Consumer Financial Protection Bureau (CFPB) has recently taken a stand against so-called paycheck advance programs, also known as earned wage access. These programs have become increasingly popular among workers, providing them with the ability to access their earnings before payday for a fee. The CFPB proposed an interpretive rule that categorizes these programs as
A federal appeals court has recently issued an order temporarily halting the Biden administration from implementing its new student loan repayment plan, known as SAVE. This ruling has raised concerns within the Education Department, which is assessing the impacts of the court order on borrowers. According to a spokesperson from the department, they will be
The Biden administration has faced numerous legal challenges in its efforts towards student loan forgiveness. The Supreme Court rejected President Biden’s initial attempt at widespread forgiveness in the summer, and the newly introduced income-driven repayment plan called the Saving on a Valuable Education plan (SAVE) has also been met with resistance from Republican-led states like
Sportsbooks and daily fantasy operators are gearing up for what is expected to be a significant bump in activity during the upcoming Summer Olympics in Paris. This major international sporting event, scheduled to kick off on July 26, will be the first Olympics to take place since the widespread legalization of gambling in the United
President Joe Biden is considering forgiving the debt of millions of federal student loan borrowers just weeks before the upcoming election. In the Biden Administration’s Spring 2024 Unified Agenda, the U.S. Department of Education revealed that it would be finalizing its rule on student loan relief in October. This rule aims to provide financial relief
The 10th Circuit U.S. Court of Appeals has granted the Biden administration’s request to stay an order that temporarily blocked a provision of its Saving on a Valuable Education (SAVE) plan last week. This decision comes as a major win for President Biden and his efforts to deliver relief to student loan borrowers. The SAVE
The recent Supreme Court ruling in Moore v. United States regarding the “mandatory repatriation tax” has sent shockwaves through the realm of wealth tax proposals. While there is a growing interest in taxing the ultra-rich, experts believe that last week’s ruling may pose a threat to future wealth tax initiatives. The case, which focused on