by Ken Chase | Dec 21, 2023 | Financial, News
The State of Tennessee confirmed that it has filed a consumer protection suit against Blackrock, Inc. In a statement released on Monday, state Attorney General Jonathan Skrmetti accused Blackrock of misleading Tennessee’s citizens about its investment...
by Ken Chase | Dec 2, 2023 | Financial, News
Though some experts have downplayed continued inflation, a new survey suggests that consumers may have other expectations. The most recent University of Michigan Surveys of Consumers found that respondents expect accelerating inflation in the future. Why would...
by Ken Chase | Nov 4, 2023 | Banks, Financial, News
The list of firms that are forbidden from doing business with certain Texas governmental entities was expanded this week. Texas state Comptroller Glenn Hegar has added an additional five companies to that divestment list. The fifteen firms on that list have been...
by Ken Chase | Oct 5, 2023 | Financial, News
On Tuesday, October 3, the U.S. Supreme Court will hear plaintiff arguments in a case involving the constitutionality of CFPB funding. The case was brought by trade groups that represent the payday lending sector. The industry is one of many sectors that the Consumer...
by Ken Chase | Aug 30, 2023 | Financial, News
Federal Reserve Chair Jerome Powell signaled this week that policymakers may continue to raise interest rates if that’s what it takes to get rising prices under control. Powell delivered his remarks at the annual Jackson Hole Economic Policy Symposium on Friday. He...
by Ken Chase | Aug 4, 2023 | Financial, News
Fitch Ratings has downgraded the U.S. credit rating from AAA to AA+ this week. The agency cited fiscal deterioration, growing debt, and an erosion of good governance as reasons for the downgrade. Specifically, Fitch pointed to repeated debt limit standoffs, complex...
