The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency have rescinded guidance instituted in 2013 to prevent banks from making “riskier loans to the buyout industry,” the Financial Times reported.
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SEPTEMBER’S INFLATION WAS LOWER THAN EXPECTED
The long-delayed report on September’s U.S. inflation rate showed core prices rose at an annual pace of 2.8 percent, 0.2 percent higher than in August and just below the 2.9 percent annual rate booked the month before.
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U.S. FACTORY PRODUCTION DECLINED AGAIN IN NOVEMBER
Overall business activity at U.S. factories slowed in November, according to the Institute for Supply Management’s (ISM’s) purchasing managers index.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Employers cut 1.1 million jobs in 2025, the highest level in four years, according to outplacement firm Challenger, Gray and Christmas.
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CAMPUS AI BOOM: COLLEGE STUDENTS BET ON NEW TECHNOLOGY
College students across the U.S. are turning to AI for their major field of study, as the technology becomes more intertwined with everyday life and poses inherent risks to the traditional job market.
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SMARTPHONES FOR CHILDREN YOUNGER THAN 12 NOT A ‘SMART’ IDEA: STUDY
A newly released study published in the journal Pediatrics found that children who were given smartphones before the age of 12 suffered worse health outcomes than their peers, from higher risks of depression and obesity.
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DONALD TRUMP JR. BACKED INVESTMENT GROUP WINS $620 MILLION LOAN FROM DEFENSE DEPARTMENT
Vulcan Elements, a rare-earth magnets startup that is financially backed by Donald Trump Jr.’s 1789 Capital, managed to win the largest loan ever made by the Pentagon’s Office of Strategic Capital last week, becoming the latest example of how the Trump family is benefiting financially during his second term.
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DAVID SACKS, TRUMP’S CRYPTO CZAR, SEES THE BENEFITS OF HELPING TO SPONSOR A PRESIDENCY
David Sacks, the tech investor, was tapped by President Donald Trump to serve as his crypto czar, arguing that his deep ties to Silicon Valley make him a natural choice, but a report last week raised concerns that a member of the Peter Thiel Mafia has been using the position to benefit himself and his pals.
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HILLARY CLINTON WARNS EVENT HELD BY MIRIAM ADELSON’S NEWSPAPER THAT YOUNG AMERICANS ARE BECOMING MORE SYMPATHETIC TO PALESTINIANS, MUST BE STOPPED
Hillary Clinton told Miriam Adelson’s Israeli newspaper, Israel Hayom, that young Americans are becoming more sympathetic to the Palestinian cause because of social media platforms like TikTok that show fake videos of IDF atrocities in Gaza.