What’s Open and Closed on Christmas Eve, Christmas Day 2024

Trade groups representing major U.S. banks have filed a lawsuit in federal court seeking increased transparency in the Federal Reserve's stress tests post-2008 financial crisis. The Fed has already proposed changes to the annual process, indicating potential adjustments to address the concerns raised by the banking industry. This legal action highlights the ongoing debate over the regulatory framework governing the U.S. banking sector. Full Article

Companies like Singapore Technologies Engineering (STE) are worth considering due to their double-digit revenue and profit increases, diversified customer base, and 3.5% dividend yield. STE, with businesses in defence, commercial aerospace, and urban solutions, reported strong revenue growth across its divisions, with DPS leading at 18%. The company's global presence, healthy order book, and focus on high-value activities make it a strong investment option with a "strong buy" rating from analysts and a 3.53% dividend...

US banking lobby groups have filed a lawsuit against the Federal Reserve over stress testing, seeking transparency in the process and models used. The lawsuit aims to push for changes in the stress test framework for large US banks like JPMorgan Chase and Bank of America, with a focus on making results less volatile. The industry groups are calling for more visibility into the Fed's stress test models and scenarios, and are aiming to have...

In 2023, over 305,000 U.S. workers lost their jobs due to mass layoffs, impacting the tech industry and beyond. Scott Goodfriend, a Meta employee, chose to start his own business, Ultimate Food Tours, after being laid off. Other entrepreneurs like Alaa El Ghatit and Carlos Ugalde also found success with their side hustles, earning significant revenue after losing their jobs. While building a side hustle into a lucrative business can be challenging, taking a principles-first...

Oil futures were slightly up in pre-holiday trading on Tuesday, remaining within a narrow range. The support for prices comes from concerns over geopolitical tensions in Russia and the Middle East, while pressure is seen from expectations of a crude surplus due to uncertain demand. Overall, the market is holding steady amidst these opposing factors as traders navigate the complex landscape. Full Article

Elon Musk's support for Donald Trump in the 2024 US election marked a significant turning point, leading to financial gains for Musk with Tesla shares soaring and SpaceX doubling in value. Musk's political influence is growing as he aligns with leaders like Italy's Georgia Meloni and considers backing Britain's Reform Party. Meanwhile, Taylor Swift's record-breaking $2.1 billion tour has solidified her impact on the entertainment industry and prompted discussions on her economic influence, potentially leading...