Trump signs most significant decrease in bank regulations since financial crisis

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppOn Thursday, President Donald Trump signed a bill easing bank regulations for most banks, excluding the biggest names on the market. This is the most significant rollback on law regulations for these institutions since the global financial crisis. The reforms have made notable changes from the Dodd-Frank laws. With both chambers of the Congress passing it, the bill has received bipartisan support. This procedure, however, has received mixed opinions, with supporters saying that it will take away unnecessary requirements for small and…

Read More

Uber to build flying taxis in France

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppUber is taking flight In its first research and development facility outside North America, Uber will build a center in Paris, France. Uber plans to invest $23 million in an electric takeoff and landing aircraft in France. The company hopes to unravel the technology by 2023. Uber believes that this technology is the way of the future; investing in air taxis will save their company in ten years, as many aerospace firms are already developing similar technologies. Airbus, for example, plans to…

Read More

Walmart and Target doing all they can to catch up to Amazon

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppCan anyone keep up with Amazon? Amazon, which seems unstoppable as a retail giant, continues to grow daily. Brick-and-mortar stores like Walmart and Target are the closest competitors, and even they are struggling to keep up. Walmart, Target, and Kroger are implementing any and all strategies to stop the e-commerce giant. They have raised their minimum wages and benefits to retain employees, they have lowered their prices, and they have even redesigned stores to even better tailor to consumers’ shopping behavior. In…

Read More

Lawsuit accuses Facebook of having used apps for data gathering, engaging in mass surveillance

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppA court case in California has accused Facebook to have used its apps to gather information and data about users and their connections, including people who don’t have an account, engaging in mass surveillance. This included reading through messages, accessing to locations and photos in their mobile devices. Although a spokesperson from Facebook has stated that the claims “have no merit, and we will continue to defend ourselves vigorously”, whether the company has been engaged in practices of surveillance or not has yet…

Read More

President Trump loosens bank regulations

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppCongress reaches bipartisan agreement on bank regulations On Thursday, President Trump rolled back regulations on small- and mid-size banks. The Obama administration signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (abbreviated as Dodd-Frank) to increase financial stability after the 2007-2008 financial crisis. Dodd-Frank was successful in stabilizing the economy, but critics believed that it halted economic growth. The rollback on the bill passed in both the House of Representatives and Senate with bipartisan support. President Trump stated in a press…

Read More