By Natalie DeCoste On Sep. 13, the Securities and Exchange Commission (SEC) charged three media companies with conducting illegal securities offerings resulting in a significant payout. The three media companies, New York City-based GTV Media Group Inc. and Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., were all charged with conducting an illegal [...]
By Natalie DeCoste Just as economists expected the newest numbers from the Department of Labor have revealed that consumer prices and inflation are still increasing. On Tuesday, September 14, the Department of Labor released the latest data for the August Consumer Price Index showing increases to the index. The data showed that the Consumer Price [...]
By Natalie DeCoste On Friday, Sept. 10, a California judge handed down a ruling in the case of Epic v. Apple, but that ruling is far from the end of the line for the gaming company and the tech giant. The battle between the two companies began in August 2020 when Apple removed Epic Games' Fortnite [...]
By Natalie DeCoste The White House’s Office of Management and Budget (OMB) released its latest numbers related to inflation, and the news was anything but good for consumers. The OMB expects consumer prices to rise 4.8% in the fourth quarter from a year earlier. The new predictions are a sharp increase from the 2% rise that the [...]
By Natalie DeCoste Big things are happening for bitcoin as the cryptocurrency is now the official currency of El Salvador alongside the U.S. dollar. The country is the first to adopt the cryptocurrency as its official legal tender. The news was revealed in the early morning, Eastern Standard Time, on Sept. 7. El Salvador’s president Nayib Bukele tweeted out, [...]
By Natalie DeCoste The Consumer Financial Protection Bureau (CFPB) proposed a new rule on Sep. 1 aimed at helping small businesses gain access to credit through increasing transparency in the lending marketplace. The CFPB’s new rule would amend Regulation B to implement changes to the Equal Credit Opportunity Act (ECOA) made by section 1071 of [...]
By Natalie DeCoste Apple has made a significant concession related to the antitrust cases the company is currently in by changing one of its most anti-competitive practices. Apple said that it would allow developers of “reader” apps, apps such as Netflix, Spotify, and Amazon’s Kindle app, to directly link customers to their own sign-up websites, where [...]
By Natalie DeCoste It seems that the McDonald's McFlurry machines are always broken. The situation has gotten so bad that it's become a widely circulated internet meme. However, it seems the breakdowns have gone a bridge too far as they have now spurred a federal investigation. The Federal Trade Commission (FTC) has been made aware of [...]
By Natalie DeCoste COVID cases are back on the rise, causing uncertainty in the job market and seemingly hindering job growth. At the same time, many states have ended their enhanced unemployment benefits, leaving economists to look at whether these benefits have been holding back growth. The onset of the pandemic brought on a recession [...]
By Natalie DeCoste A recent report from the Mortgage Bankers Association for the week ending Aug. 27 revealed relative stability for the average contract interest rate for 30-year fixed-rate mortgages and provided insight into the impact of low mortgage rates on applications to refinance home loans. The survey data showed that the Market Composite Index, [...]
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