According to a series of recent patent applications filed by Ford and Toyota, the two automotive companies continue to lead the way in the development of blockchain-based automotive technologies. Together, Ford and Toyota filed at least 43 blockchain-related patents in the second quarter of 2024. Overall, fewer patents were filed in the industry in the second quarter than in the previous quarter. However, according to GlobalData...
The Federal Reserve and other regulators are preparing sweeping changes to a series of proposed bank capital base rules in an attempt to overcome industry backlash, according to people familiar with the matter.
Federal Reserve Governor Paul Waller said on Friday that the "time has come" to start a series of interest rate cuts this month, adding that he was open to the size and speed of the cuts. "If the data support a series of rate cuts, then I think a series of rate cuts is appropriate. If the data shows that a larger rate cut is needed, then I will also support it." Federal Reserve Chairperson Jerome Powell said at the annual meeting of global central banks two weeks ago that given the rise in infla...
Vice President Kamala Harris is pushing a wide range of economic proposals that would provide new tax breaks and lower the cost of living for Americans, aiming to address voters' top financial concerns.
For all the unprecedented events of this year's US Presidential Election, donations have continued to pour into campaign coffers. Since his failed assassination attempt on Saturday, Mr. Trump has piled on billions of dollars, with Mr. Musk, the billionaire, pledging $45 million a month to a super-PAC focused on Mr. Trump's campaign in swing states.