David Ellison, the son of Republican megadonor Larry Ellison, donated $929,600 to support President Joe Biden’s re-election efforts, making him one of the incumbent Democrat’s top donors in recent memory. According to Federal Election Commission records, David Ellison’s donation is the largest recorded donation the Skydance Media CEO has ever made to a federal candidate….
About 64 percent of Pennsylvanians who responded to a Quinnipiac poll in early January described their financial situation as excellent or good; 24 percent described it as “not so good” and only 9 percent described it as bad. But in the same survey, only 33 percent of Pennsylvania residents described the “state of the country’s…
In this illustration from June 8, 2023, a smartphone is placed on a keyboard with the Coinbase logo displayed and cryptocurrency representations. Ruvic cube | Reuters The Securities and Exchange Commission won a major victory in its lawsuit against it Coinbase On Wednesday, a judge ruled that his claim that the cryptocurrency exchange engaged in…
When Shawn Fain, the president of the United Automobile Workers, unveiled the deal that ended six weeks of strikes at Ford Motor in the fall, he portrayed it as part of a longer campaign. Next, he said, it will be the job, not unionization to organize organized operations throughout the country. “One of our biggest…
The Federal Reserve is widely expected to leave interest rates unchanged at the end of its meeting on Wednesday. But investors will be watching closely for clues about when and by how much it might cut those rates this year. The expected rate cuts raise a big question: Why should central bankers cut borrowing costs…
The Consumer Financial Protection Bureau headquarters in Washington. Samuel Corum/Bloomberg via Getty Images WASHINGTON – The Consumer Financial Protection Bureau on Wednesday announced long-awaited changes to how the nation’s largest banks structure overdraft protection plans. The independent regulator said the new rule closes a loophole that has exempted overdrafts from the consumer protection provisions of…
