Money

Apple and Paypal may face bank-like oversight

Published

6 months ago

November 8, 2023

ticker NEWS

A federal watchdog is considering a significant proposal that could bring Apple and PayPal under bank-like supervision.

The move aims to regulate large technology companies’ financial activities more closely, as they increasingly encroach upon traditional banking services.

The proposal, if implemented, would grant the Consumer Financial Protection Bureau (CFPB) authority to supervise firms like Apple and PayPal, which have ventured into providing financial products and services.

These tech giants have expanded their offerings to include mobile payment systems, credit cards, and even small business lending, blurring the lines between technology and banking.

The potential impact of this regulation on these companies and the broader financial industry remains a matter of debate. Proponents argue that such oversight would enhance consumer protection and ensure a level playing field, while critics fear it could stifle innovation and increase compliance costs.

In an era where technology companies are becoming increasingly influential in the financial sector, the question arises: Is it time to treat them like banks?

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending