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The Supreme Court’s ‘Chevron’ ruling is an existential threat to the ‘American economic miracle’ and will make the U.S. more like Europe, Lazard chair says
"By restricting the executive branch’s ability to craft and enforce regulations, the Supreme Court has opened the door to the Balkanization of the US economy."
A new round of Trump tariffs on China would drastically slow its economy
China's President Xi Jinping and then-US President Donald Trump in Beijing in 2017. Republican presidential nominee Donald Trump has said he could impose a 60% tariff on Chinese imports if he returns to the White House, and a new analysis predicted it would drastically slow the world’s second largest economy and send it to the brink of deflation.
Business leaders have already begun scenario planning for a Trump win. 3 clear themes have emerged
There are three primary forces a second Trump term might unleash on business. With Donald Trump’s political stock suddenly reaching new highs—after he survived an assassination attempt and starred in a slickly produced convention, while President Biden stays at home with Covid, all in one week—business leaders must revisit their scenarios for a Trump presidency. They should keep three factors front and center:
A risky trade-off made CrowdStrike’s outage so devastating — cybersecurity leaders say there’s no easy fix
With security providers issuing multiple updates a day, in-house teams must choose between speed and risk when deciding whether to test the software or keep their digital defenses up to date.
Apple and Walmart banking partner Green Dot fined $44 million by the Federal Reserve
The Federal Reserve today announced it has fined Green Dot Bank, a partner to Apple and Walmart, for deceptive practices the bank says it stopped years ago. Green Dot Bank, the tiny state-charted Utah bank behind financial products at some of America’s largest companies—including Apple and Walmart—today agreed to pay a $44 million fine previously disclosed by the Federal Reserve. Green’s stock fell 5.7% today to $9.26, and is now 85% off the all-time-high of $63.44 it hit October 2020. The fine does not place any restrictions on the bank’s ability to serve its existing clients.
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