In recent months, as inflation rates recede from their pandemic-era peaks, a noticeable shift in consumer pricing dynamics has emerged in the United States. The phenomenon of deflation, characterized by a decline in the general price level of goods, has started to take root in various market sectors, especially in physical products. While deflation on
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Today, SEC Chairman Gary Gensler delivered what many interpreted as a bittersweet farewell at the Practising Law Institute’s annual conference focused on securities regulation. He reflected on his time leading the SEC since April 2021, revealing a mixture of pride in the agency’s achievements and insight into substantial challenges still facing it. “It’s been a
In a decisive move to rescue its brand image and financial performance, Burberry has unveiled an ambitious strategic plan, “Burberry Forward”. This initiative reflects a clear intent to return to the luxury house’s roots by emphasizing its signature designs, particularly its iconic outerwear and classic scarves. Facing significant challenges in sales and brand perception, Burberry’s
In a significant turn of events, the proposed merger between Capri Holdings and Tapestry Inc., two titans of the American luxury fashion sector, came to an abrupt end as the Federal Trade Commission (FTC) stepped in with a lawsuit designed to halt the agreement. Initially announced with much fanfare in August 2023, this ambitious $8.5
Britain’s motor finance sector is currently navigating a tumultuous period, triggered by a significant ruling from the Court of Appeal that has profound implications for consumers and lenders alike. This unexpected verdict has drawn parallels to previous financial debacles, notably the infamous payment protection insurance (PPI) scandal, which cost the banking sector an estimated £50
The availability of the Free Application for Federal Student Aid (FAFSA) for the 2025-26 academic year is set to begin on or before December 1, marking a departure from its traditional October release. This delay is a result of a “phased rollout” strategy aimed at addressing persistent issues encountered with the FAFSA for the previous
In a significant stride towards the integration of traditional finance and blockchain technology, BlackRock has broadened its tokenized money market fund, the USD Institutional Digital Liquidity Fund, commonly referred to as BUIDL. Initially launched on the Ethereum blockchain, this fund now extends its reach to include various other platforms such as Aptos, Arbitrum, Avalanche, OP
In an alarming trend that underscores vulnerabilities within digital banking systems, banks across the United States and Canada have witnessed an exponential rise in digital scams. According to cybersecurity experts at BioCatch, a company that specializes in analyzing behavioral data, there has been an astounding tenfold increase in reported scams during the first three quarters