Author: MNK News
The people in Donald Trump’s orbit are floating some dramatic ideas that would remake the way US banks are regulated, from deleting the CFPB to abolishing the FDIC. There are lots of questions about whether any of the ideas, some of which would require acts of Congress, will come to pass. But what is clear is that certain members of the new Trump administration who are set to take office do in fact want a different regulatory approach to the financial services industry as they look to remake the federal government and slash spending. And that could mean lighter scrutiny,…
After nearly a year of waiting, Amazon (AMZN) users can now buy a Hyundai (HYMTF) vehicle through the online retailer. Starting today, Amazon car shoppers in 48 cities, including New York, Los Angeles, and Chicago, can “browse, order, finance, and schedule pickup” of a new Hyundai from local participating dealers directly on Amazon’s website or app. The biggest advantage of the Amazon/Hyundai service is the ability to have “transparent, upfront pricing,” Amazon said, with no hidden charges such as document fees or dealer-installed options that are infuriating to most car buyers. “With Amazon Autos, we’re bringing the simplicity and ease…
Advances in artificial intelligence (AI) are expected to reshape vast swaths of the global economy. Fortunes will be made by savvy investors who position themselves to profit from this powerful megatrend. To help you claim your share of the coming AI boom, here are two top tech stocks set to deliver handsome gains to their shareowners in the years ahead. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » Investors have crowned Nvidia (NASDAQ: NVDA) the early winner of the AI arms race. The semiconductor behemoth designs…
Meme coins, or cryptocurrencies that soar in value based on buzzy social media trends or popular cultural phenomena, have become a major entry point into crypto for new investors. Today, cryptocurrencies like Dogwifhat and Bonk have reached a market capitalization of nearly $3 billion, while the original meme coin, Dogecoin – famously trumpeted by Elon Musk – has catapulted to nearly $60 billion. Meme coins are not alone in drumming up interest in speculative assets for young, green investors, with community-driven projects and gaming also emerging as key drivers of crypto adoption in the past year. In the below interview,…
DALLAS, Texas – On Thursday, Texas representative Giovanni Capriglione unveiled a new bill to create a strategic bitcoin reserve in the Lone Star state to fight “inflation and economic volatility.” The program will allow Texas to accumulate cryptocurrency in the state treasury by accepting bitcoin-denominated donations, taxes, or fees, which must remain untouched for a minimum of five years before they can be sold or moved. “No taxpayer funds will be spent on buying bitcoin in order to maximize the chances of the bill passing,” said Lee Bratcher, president of the Texas Blockchain Council. “The bitcoin will come from donations…