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Flexible Finance aims to secure a Utah industrial bank charter to support its flexible rent payments solution Flex Rent. The company has submitted applications to the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to charter a Utah state-chartered industrial bank called Flex Bank, it said in a Friday (July 24) press release. Flex Bank would…
24 July 2026 Compared with May 2026: median consumer perceptions of inflation over the past 12 months decreased significantly, as did median expectations for inflation over the next 12 months. Median expectations for inflation three years ahead decreased slightly, while median expectations for inflation five years ahead remained unchanged; expectations for nominal income growth over…
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Advisors with wealthy clients holding eight-figure retirement accounts may need to revisit strategies under a Democratic proposal to close what lawmakers call a loophole allowing those accounts to continue growing tax-advantaged. Processing Content The legislation was introduced on July 22 in the Senate by Senate Finance Committee Ranking Member Ron Wyden, a Democrat from Oregon,…
Andy Burnham has appointed John Healey, the former defence secretary, as chancellor. It was certainly a surprise. Home secretary Shabana Mahmood had been seen as a certainty for the job at No. 11, but at the last moment The incoming prime minister, appointed Healy instead. The markets were relieved. Given that the potential alternatives were…
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Twenty-six employees at Meta who were recently laid off made a bold claim in a lawsuit last week: They alleged the company had used AI to select people for layoffs, disproportionately impacting people who had taken leave or those with disabilities. The lawsuit identified a number of factors that the plaintiffs claimed had influenced the…
24 July 2026 Eurosystem has started onboarding process of non-euro area central banks to enhanced repo facility (EUREP), with drawings possible as of Q4 2026 EUREP to be implemented by five national central banks and coordinated by the ECB The Governing Council of the European Central Bank (ECB) today decided on the operational features and…
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SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California, Oct. 10, 2019. Philip Pacheco | Afp | Getty Images It was a rough week for Elon Musk. Tesla shares plunged 18% during the week to close…