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…

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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…

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President Trump may unravel automobile tariff

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppImported car tariffs may be in the near future President Trump’s most recent tariff idea after the aluminum and steel tariffs is on imported automobiles. Trump has stated that he would consider as high as a 25% tariff on all imported cars. Similar to the aluminum and steel tariffs, the President will launch a Section 232 investigation in which he tries to determine if the imports harm national security. Only if it passes this protocol can he impose the tariff. It seems…

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Turkey’s currency plummets, struggling economy jeopardizes President’s re-election

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppOn Wednesday, the value of the lira, Turkey’s currency, plummeted dropping 1.5 percent, making it a twenty percent drop this year alone and a value close to five to the dollar. The timing of this economic turbulence has proven itself to be quite inconvenient, since Turkish President Tayyip Erdogan had recently called for early elections in June 24, over a year in advance of their original schedule date, in order to avoid clashing with a probable economic shift for the currency. After…

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Coca-Cola unveils Bluetooth-operated soda machine

Facebook Twitter Pinterest LinkedIn Digg StumbleUpon Email Reddit WhatsAppCoca-Cola still hoping to rebound from the struggling soft drink market You may know of the Coca-Cola Freestyle dispensers, in which you can choose from tens of different options of drink flavors. These options range from Vanilla Coke to Raspberry Sparkling Aquafina. On Friday, Coca-Cola announced their new Freestyle 9100 dispensers, to which consumers can connect through Bluetooth. The Freestyle app will allow consumers to choose their beverage before they walk up to the dispenser, creating more customizability and efficiency. According to…

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