Ayyyeee… What’s Goodie Everyone. So I got some tea and it involves Biden,GOP lawmakers and U.S defaulting on its debt. President Joe Biden invited House Speaker Kevin McCarthy (R-CA) and other congressional leaders to the White House next week to discuss the debt ceiling, as Washington scrambled Monday to respond to news that the government…
Category: Finance
DCR Finance: Regulators seize First Republic Bank, sell remains to JPMorgan.☕☕☕
Ayyyeee… What’s Goodie Everyone. So I got some tea and it involves First Republic bank and JP Morgan. Federal regulators have seized First Republic Bank and sold its assets and deposits to JPMorgan Chase Bank in a deal. Under the deal, JPMorgan acquires “substantially all” First Republic assets and agrees to assume responsibility for all…
DCR New York: Four Parking Garages Ordered Evacuated After Deadly Collapse in Manhattan.☕☕☕
Ayyyeee… What’s Goodie Everyone. So I got some tea and it involves Parking garage closures after a collapse that occured in Manhattan a week ago. New York City officials found structural problems at four other garages so dangerous they ordered the buildings at least partially vacated. This comes in the wake of a deadly collapse…
DCR Finance: Federal regulators says it must strengthen banking rules after SVB’s collapse.☕☕☕
Ayyyeee… What’s Goodie Everyone. So I got some tea and it involves some new rules and regulations after the Silicon Valley Bank’s collapse. Federal regulators in a report on Friday outlined a number of disastrous decisions including failures by the Federal Reserve and Federal Deposit Insurance Corporation that ultimately led to last month’s banking crisis….
DCR Tech: United Kingdom puts a blocks a $69 billion dollar deal between Microsoft and Activision.☕☕☕
Ayyyeee… What’s Goodie Everyone. So I got some tea and it involves the government of U.K and A $69 billion dollar deal between Microsoft and Activision. United Kingdom regulators blocked the $69 billion purchase between Microsoft and the gaming company Activision Blizzard in a signal of the mounting global scrutiny of large American tech companies…
DCR Finance: Bed Bath & Beyond files for bankruptcy. ☕☕☕
Ayyyeee…. What’s Goodie Everyone. So I got some tea and it involves Bed Bath and Beyond filing for bankruptcy. Bed Bath & Beyond filed for Chapter 11 bankruptcy Sunday. The housewares chain was unable to raise $300 million in capital amid plunging sales and share price. “Bed Bath & Beyond Inc. today announced that it…
DCR Politics & Finance: Justice Clarence Thomas failed to report real estate deal with a Texas billionaire. ☕☕☕
Ayyyeee…What’s Goodie Everyone. So I got some tea and it involves Supreme Court Justice Clarence Thomas and his failure to disclose a real estate deal with a billionaire from Texas. United States Supreme Court Justice Clarence Thomas did not disclose that he had sold a series of properties to a longtime conservative donor from Texas…
DCR Economics: IRS to make changes to income threshold due to inflation.☕☕☕
Ayyyeee… What’s Goodie Everyone. So I got some tea and it involves changes to the income threshold by the IRS which can save you money during tax season. The Internal Revenue Service will allow Americans to shield more of their income from taxes in 2023 due to higher inflation, the agency announced on Tuesday, raising…
DCR Politics & Finance: Senate approves short-term spending bill after Manchin backed provision was removed.☕☕☕
Ayyyeee… What’s Goodie Everyone. So I got some tea and it involves a government shutdown being stopped by an approval of a spending bill. The Senate on Wednesday approved a short term spending bill to avoid a partial government shutdown later this week, a measure that would provide more than $12 billion to Ukraine, steer…