News Updates

Bridgewater Associates, one of the world’s largest hedge funds, sold off U.S. bank stocks in the first quarter as the industry was roiled by the collapse of three lenders, according to regulatory filings. The firm, founded by billionaire Ray Dalio, cut its holdings to zero in five U.S. banking giants:

The clock is ticking on a looming U.S. debt default with little progress reported in talks to raise the debt ceiling. Democratic and Republican congressional leaders appeared on Friday to be no closer to reaching a deal to maintain the nation’s solvency and keep the federal government running. GOP demands

A Christian hedge fund manager whose company is also a shareholder of JP Morgan Chase plans to propose a resolution regarding the banking giant’s handling of some Christian and conservative accounts. As first reported by the Christian Post, David L. Bahnsen, founder and managing partner of The Bahnsen Group, will

A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. The small-cap Russell 2000 is down about 1% this year, compared to a rally that has boosted the S&P 500, an index representing the largest U.S. companies, 7% year-to-date. Like

The personal information of 237,000 current and former federal government employees has been exposed in a data breach at the U.S. Transportation Department (USDOT), sources briefed on the matter said on Friday. The breach hit systems for processing TRANServe transit benefits that reimburse government employees for some commuting costs. It

Effective July 1, doctors, nurses, and other medical professionals and organizations in the state of Florida will be allowed to opt out of participating in healthcare services that violate their conscience, including abortions. Governor Ron DeSantis signed the landmark legislation into law on Thursday which his office touted as the

A federal judge has blocked the Biden administration from implementing a policy that would have required Customs and Border Patrol to release migrants into the U.S. without court dates or any means with which to track them. Judge T. Kent Wetherell II imposed a two-week restraining order on the policy

According to the Labor Department, the annual increase in U.S. consumer prices slowed to below 5% in April for the first time in two years. The Consumer Price Index rose 0.4% last month, but in the 12 months leading up to April it has increased 4.9%. Although still a higher

According to a new survey from Bankrate, at a time of national economic instability, a majority of Americans are attributing feelings of anxiety and stress to concerns over their financial stability. The survey found that 52% of those polled equate money woes to declines in their mental health. That figure