Latest from Renae Merle

Trump says he’s ‘stopping evictions.’ Here’s why they’re still happening.

Trump’s executive order directed federal regulators to study whether an eviction moratorium was necessary and others to investigate whether they could appropriate money for rental assistance. But it fell short of reinstating the federal eviction ban that expired last month.
  • Aug 17, 2020

Trump is calling for another moratorium on evictions. Landlords are pushing back.

Reinstating a federal moratorium is a short term fix to a long-term problem, landlords say. When the moratoriums eventually end, millions of renters will owe months of back rent they can’t afford, delaying their eventual eviction while leaving landlords to swallow the shortfall, they say.
  • Aug 6, 2020

Warren says SEC should investigate potential insider trading at Eastman Kodak

Kodak said in a statement that it intends to fully cooperate with any potential inquiries.
  • Aug 4, 2020

A federal eviction moratorium has ended. Here’s what renters should know.

Of the 110 million Americans living in rental households, 20 percent are at risk of eviction by Sept. 30, according to an analysis by the Covid-19 Eviction Defense Project, a Colorado-based community group. African American and Hispanic renters are expected to be hit hardest.
  • Aug 4, 2020

Goldman Sachs reaches $3.9 billion settlement in 1MDB scandal

Investigators had linked the Malaysian sovereign wealth fund to a multibillion-dollar money laundering scheme.
  • Jul 24, 2020

Banks face a unique coronavirus problem: Now everyone is wearing a mask

The head of one of the country’s most powerful banking regulators has said he was worried that face-mask requirements “create the very real risk of increases in bank robberies.”
  • Jul 22, 2020

A federal eviction moratorium ends this week, putting 12 million tenants at risk

The expiration of the federal protection comes as state and local eviction bans are also starting to expire and the enhanced unemployment benefit that has kept many renters afloat is scheduled to end.
  • Jul 21, 2020

Big banks prepare for protracted recession, report significant drop in profits

The banks’ more pessimistic outlooks come as millions of people remain out of work, thousands of small businesses close their doors forever and some states begin to shutdown for a second time to contain the spread of the coronavirus.
  • Jul 14, 2020

21 injured after fire breaks out on Navy ship in San Diego

The fire occurred aboard the USS Bonhomme Richard, an amphibious assault ship that was docked at a pier at Naval Base San Diego in California.
  • Jul 12, 2020