The antitrust lawsuit filed against Visa by the U.S. Department of Justice (DOJ) ushers in fresh scrutiny regarding the practices of major payment networks in the United States. As the largest payments processor in the world, Visa’s alleged monopolistic behavior has spurred a complex legal battle that raises critical questions about market competition and consumer
Legal
The sentencing of Caroline Ellison, the former CEO of Alameda Research and close associate of the disgraced FTX founder Sam Bankman-Fried, marks a significant moment in the narrative surrounding one of the largest financial collapses in recent history. Ellison faces accountability for her involvement in the misappropriation of approximately $8 billion in customer funds, contributing
The Financial Data Transparency Act (FDTA), enacted in December 2022, is a significant legislative effort aimed at modernizing the landscape of municipal securities disclosures. Its main objective is to transition existing disclosure formats into a machine-readable structure, thereby streamlining access to vital financial data. However, since its inception, the act has faced substantial pushback from
When it comes to investing in municipal bonds, there is a lesser-known sector that could provide significant opportunities for investors. According to Dan Close, head of municipals at Nuveen, charter school muni bonds are a small but growing part of the market. With increasing demand for charter schools, there is strong supply for these bonds.
Starboard Value, an activist investor, has made a bold move to dissolve News Corp’s dual-class share structure. This is seen as a direct challenge to the Murdoch family’s control over the Wall Street Journal parent company. The push was initiated through a non-binding shareholder resolution, indicating a strong desire to shake up the current ownership
As football season kicks off, the anticipation for record-breaking betting numbers is high. Projections estimate that U.S. adults will wager a staggering $35 billion this NFL season, showcasing a significant increase from last year’s $26.7 billion. With the legalization of sports betting in 38 states and Washington, D.C., the industry is thriving. States like Maine,
The year 2024 has seen a surge in restaurant bankruptcies, reflecting the broader increase in corporate bankruptcies across various sectors. While the world continues to grapple with the aftermath of the COVID-19 pandemic, the restaurant industry has faced significant challenges. Diners have been more cautious with their spending, labor costs have continued to rise, and
REA Group, owned by media mogul Rupert Murdoch, has expressed interest in taking over UK property portal Rightmove in a move that could potentially create a global digital real estate business. This strategic move could allow both companies to expand their reach and market share on an international scale. However, without any concrete discussions between
Financial journalist and Bitcoin advisor to El Salvador’s president, Nayib Bukele, Max Keiser recently shared his thoughts on the rapidly increasing national debt of the United States. Keiser’s prediction comes in response to a tweet by @RadarHits X, revealing that the U.S. national debt has soared to a record high of $35.27 trillion, translating to
The landscape of cannabis consumption is evolving rapidly, especially in New York City. The legalization of adult-use marijuana in the state has paved the way for a thriving market, with licensed cannabis sales surpassing $100 million last year. The luxury market is now embracing cannabis consumption, as evidenced by the presence of dispensaries on Fifth