By Natalie DeCoste The gaming industry is highly competitive and extremely profitable, facts that have become more evident this past year as Epic Games took some of the biggest companies in the world to court. While the clash between Epic and Apple took center stage, consumers now have a behind-the-scenes look at Epic’s legal battle [...]
By Natalie DeCoste The head of the Securities and Exchange Commission (SEC), Gary Gensler, indicated to decentralized finance projects that they are not immune to regulation in an Aug. 18 interview with the Wall Street Journal. Decentralized finance projects, known as DeFi, is an open and global financial system built for the internet age that [...]
By Natalie DeCoste The Federal Trade Commission (FTC) has filed a new antitrust complaint against Facebook after a judge dismissed its earlier one, signaling that the government agency will refuse to yield to the social media giant. The FTC voted 3-2 along party lines on Aug. 18 to file a new antitrust complaint against Facebook, revamping the case [...]
By Natalie DeCoste The housing market continues to experience supply shortages as housing starts experienced a decline in July. Recent numbers from the Census and Housing and Urban Development showed that U.S. housing starts dropped by 7% during July, reaching a three-month low. This means that there were roughly 1.5 million privately-owned housing starts in July. This is below the [...]
By Natalie DeCoste Fintech companies continue to make waves as Paypal and financial services technology company Fiserv partner to allow workers to send their paychecks directly to a PayPal or Venmo wallet. The partnership, announced on Aug. 18, pairs Fiserv, a leading global provider of payments and financial services technology solutions, and Paypal to allow businesses that [...]
By Natalie DeCoste Discount airline Spirit has suffered a major financial setback of $50 million due to recent flight cancellations, the company said on Aug. 16. The company reported to investors that it experienced significant irregular operations due to a variety of factors. The irregular operations resulted in the cancellation of nearly 3,000 flights and a negative [...]
By Natalie DeCoste Bad news for U.S. retailers as the new numbers for retail sales show that shoppers cut back on their purchases more than expected in July. Retail sales for July fell 1.1%, worse than the Dow Jones estimate of a 0.3% decline. Retail sales are a measure of purchases at stores, at restaurants, and [...]
By Natalie DeCoste The Federal Trade Commission (FTC) has announced that it has submitted a comment to the Board of Governors of the Federal Reserve System addressing debit card fee and routing reforms. The comment was submitted on Aug. 11 regarding the Board’s proposed clarification of Regulation II, which implements section 920 of the Electronic Fund Transfer [...]
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