Wells Fargo is extending an investment-banking hiring campaign that executives say is translating into more corporate advisory work and a rapid rise in league-table standings. The effort gained momentum after regulators lifted a punitive cap on the bank’s assets in June 2025, a restriction imposed for about seven years after the lender’s fake-accounts scandal. In an interview, Fernando Rivas, chief…
Less than a week after the federal funding lapse began on October 1, 2025, an air traffic control tower near Los Angeles declared itself nonoperational due to insufficient staffing, forcing pilots to coordinate independently during the downtime. At Hollywood Burbank Airport, the tower remained offline for nearly six hours on October 6. That incident emerged as one of the earliest…
Wall Street just wrapped up one of its most profitable quarters in recent history, driven by surging stock prices, a flood of deal making, and a global economy that continues to show resilience despite trade tensions and geopolitical uncertainty. Major U.S. banks — JPMorgan Chase, Citigroup, Wells Fargo, and Goldman Sachs — all reported stellar earnings, signaling renewed investor optimism…
China has publicly demanded that the United States retreat from its threat to impose 100% tariffs on all Chinese imports, warning that such a move would inflict damage on global trade stability. Tensions Escalate Over Proposed Duties The call was issued in response to recent signals from Washington about further levies, which Chinese officials argue would destabilize negotiations and aggravate…
Overview of the Swap Arrangement The United States today completed a $20 billion currency swap agreement with Argentina, involving direct purchases of Argentine pesos by the U.S. Treasury. The swap is structured as a reciprocal exchange: the U.S. delivers dollars in return for pesos, with an obligation to reverse the transaction at a later date under agreed terms. U.S. Treasury…
Roundhill Investments has reintroduced its meme-themed exchange-traded fund, the Roundhill MEME ETF, marking a comeback for one of the most talked-about speculative products of recent years. The fund, trading under the ticker MEME, seeks to capitalize on renewed retail enthusiasm for highly volatile, social-media-driven equities. It was originally launched in 2021, at the height of the meme stock craze, but…
The European Union has introduced a plan aimed at protecting its farmers from a surge in agricultural imports following its proposed trade agreement with the Mercosur bloc (Argentina, Brazil, Paraguay, and Uruguay). Under the agreement, the EU would eliminate certain tariffs that currently limit imports from these South American countries. In response, Brussels unveiled protective steps intended to buffer the…
