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S&P 500 jumps to a new record close as Micron shares lead tech rally

The S&P 500 and Nasdaq Composite rose to fresh intraday all-time highs on Tuesday, led by technology, as traders weighed the prospects of a potential U.S.-Iran deal being reached to end the war. The broad market index gained 0.61% and ended at 7,519.12, while…
Government News

Japan, China lead foreign government retreat from U.S. Treasurys as Iran war fallout stokes currency fears

Foreign governments cut U.S. Treasurys in March as the Middle East war forced central banks to liquidate dollar reserves, defending local currencies against an energy shock that sent exchange rates tumbling. China reduced its holdings to $652.3 billion, down roughly…
Editorial News

White House Executive Order Signals Major Shift in Federal Policy for Fintechs and Payment Systems

President Donald Trump issued another significant Executive Order affecting the financial services industry, this time directed at integrating financial technology innovation more directly into the U.S. regulatory framework. The Executive Order, entitled “Integrating Financial Technology Innovation into Regulatory Frameworks,” was signed on…
Legal News

Rising mortgage rates cause surge in demand for riskier loans

Mortgage rates continued to climb higher last week, dampening demand for loans from both current homeowners and potential homebuyers. They also pushed consumers to riskier loans that offer lower rates. Total mortgage application volume dropped 2.3% from the previous week,…
Educational News

Lawsuit over federal student loan caps highlights impact on nursing shortage

A coalition of 25 states and the District of Columbia sued the Trump administration this week over the new limits on federal student loans. For students pursuing careers in healthcare fields, such as nursing, social work, physical therapy and occupational therapy, the lawsuit…
Bankruptcy News

A fresh financial crisis may be coming – it won’t play out like the last one

On 15 September 2008, Bobby Seagull arrived at his office in Canary Wharf just before 6am. It was the last time he would need to be on time. He was a trader at Lehman Brothers, an American bank undergoing serious…
Government News

The bond market is flashing a warning over Iran. A veteran of energy geopolitics explains the risk

Don’t look now, but the pain from high energy prices might be about to bite Americans twice.  With no end in sight to the war in Iran and oil prices stuck above $100 a barrel, bond traders worried about inflation…
Legal News

Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows

Credit card balances fell in the first quarter of 2026, decreasing by $25 billion, to $1.25 trillion, according to a new report on household debt by the Federal Reserve Bank of New York released Tuesday. Still, that’s a 5.9% jump from a year…
Bankruptcy News

Morristown Man Admits Multi-Million Dollar Scheme to Defraud Small Businesses by Offering Phony Debt Relief Services

NEWARK, N.J. – A Morristown man pled guilty on May 4, 2026 to conspiring to defraud small businesses by making false promises to induce them to enter debt relief contracts, U.S. Attorney Robert Frazer announced. “This defendant didn’t just break…
Press Release

Gil Singer: Tampa’s Premier Debt Collection Attorney

Gilbert “Gil” Singer is one of Florida’s most respected and experienced debt collection attorneys. A partner at Kass Shurer , PA one of Florida’s largest and oldest creditors’ rights law firms — Singer has dedicated his entire legal career to…