Author: Admin

Oil tumbles 10% as Iran declares strait of Hormuz ‘completely open’The oil price is tumbling, after Iran announced that the strait of Hormuz is now open.Crude oil has plunged by 10% on hopes that energy supplies could resume after weeks of disruption.Iran’s foreign minister, Abbas Araghchi, posted on social media that the waterway is ‘completely open’, following the ceasefire agreed between Israel and Lebanon overnight. double quotation markIn line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire. Araghchi added that vessels must travel…

 Financial influencer Taylor Price joins ‘Varney & Co.’ to break down how shifting your mindset can help Americans grow wealth and achieve the American Dream. Mortgage rates fell this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.3% from last week’s reading of 6.37%. The average rate on a 30-year loan was 6.83% a year ago. MIAMI OVERTAKES LOS ANGELES AND NEW YORK AS WORLD’S RISKIEST HOUSING MARKET FOR BUBBLE RISK Realtor Russell Walsh takes a look at a listing by…

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions for April 2026. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against banks are: Consent Order against The Federal Savings Bank, Chicago, Illinois, for violations of Section 5 of the Federal Trade Commission Act relating to the bank’s deceptive acts or practices that induced consumers to obtain cash-out refinance loans guaranteed by the U.S. Department of Veterans Affairs involving significant origination fees, increased interest rates, and…

Cantor Fitzgerald has donated $10 million to Fellowship PAC, a crypto-focused super PAC chaired by Tether’s U.S. head of government affairs Jesse Spiro, according to Federal Election Commission filings disclosed Wednesday.The donation comes at a moment when the line between traditional finance and crypto lobbying capital is becoming hard to define.The headline number is large enough to matter. Whether it buys the regulatory outcomes the industry wants – and on what timeline – is the harder question. Key Takeaways: Donor: Cantor Fitzgerald committed $10 million to Fellowship PAC, disclosed in February FEC filings. Total raised: Wednesday’s FEC filing revealed $11…

The streaming giant Netflix (NASDAQ:) is set to unveil its Q1 2026 financial results today, April 16, after the market close. Its shares have shown resilience this year, rising about 13.38% year-to-date. Much of the stock’s momentum came after the company walked away from a planned acquisition of Netflix assets, a move investors welcomed. The failed deal also left Netflix with a sizable $2.8 billion termination payment.Key highlights: A solid Q1 print after dropping its bid for Warner Bros (NASDAQ:). Discovery could restore investor confidence in the NFLX outlook. Analysts are mostly bullish on Netflix, 12 of 15 analysts tracked…

Learn why merchant cash advances are not classified as loans and how that distinction impacts enforcement and court outcomes in the fintech and legal landscape.  By David I. Mizrahi, Principal Attorney of David I. Mizrahi Law P.C.     The intelligence layer for fintech professionals who think for themselves. Primary source intelligence. Original analysis. Contributed pieces from the people defining the industry. Trusted by professionals at JP Morgan, Coinbase, BlackRock, Klarna and more. Join the FinTech Weekly Clarity Circle →   Merchant cash advances (MCAs) have become a core component of the alternative financing ecosystem, particularly for small and mid-sized businesses…

Mortgage rates in the US fell for a second week as the spring home sales season gets off to a sluggish start.

The Netflix logo is seen on an office building in Los Angeles, California, on Feb. 5, 2026. Michael Yanow | Nurphoto | Getty ImagesNetflix kicks off earnings season for media companies on Thursday with a quarterly report that Wall Street hopes will give more updates on the company’s path forward after walking away from its proposed deal for Warner Bros. Discovery. Here’s how Netflix is expected to perform when it reports results for the first quarter of 2026, according to estimates from analysts polled by LSEG:Earnings per share: 76 cents estimatedRevenue: $12.18 billion estimatedLast quarter Netflix’s management focused much of its earnings…

Abstract Understanding whether labor market developments stem from supply or demand forces has fundamental implications for the conduct of monetary policy. This article develops a structural vector autoregression (VAR) methodology to decompose U.S. employment and wage growth into supply and demand components using sign restrictions. Extending Shapiro 2026, we separately identify trend growth, current shocks, and past shocks across different industries. Results reveal that goods-producing sectors experienced strong demand-driven growth in 2022, which subsequently weakened as Federal Reserve tightening took effect. Service sectors showed robust demand through 2023, but by 2025, supply-side factors—likely due to immigration policy changes—became dominant. We…

Make CryptoSlate preferred on Goldman Sachs, the $3.5 trillion banking giant, has filed to launch an actively managed exchange-traded fund (ETF) that uses covered calls to generate income from Bitcoin.The April 14 filing for the Goldman Sachs Bitcoin Premium Income ETF marks a strategic pivot for the investment bank, which previously had a hostile relationship with the flagship digital asset.Moreover, what makes the new product more distinct is that Goldman is not launching a conventional spot Bitcoin product to compete in the increasingly saturated $100 billion BTC ETF market.Instead, the banking giant is looking to engineer a moderated, yield-bearing version of…