Wells Fargo Exits Rail Leasing in $4.4B Strategic Shift
Article Summary: Wells Fargo has agreed to sell its $4.4 billion rail equipment leasing business to a joint venture between Brookfield Infrastructure and GATX Corporation....
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Gen Z Shifts Toward Skilled Trades for Stability and Security
Article Summary: A Resume Builder survey finds that 42% of Gen Z adults are currently working in or pursuing blue-collar or skilled trade roles, with 37% holding bachelor’s...
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Well-Being Investments Hold Strong Despite Economic Pressures
Article Summary: Despite rising healthcare costs and global economic uncertainty, 93% of employers plan to maintain or expand their well-being offerings in 2025, according...
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Mortgage Rates Edge Higher Amid Market Adjustments
Article Summary Mortgage rates increased slightly in the latest Primary Mortgage Market Survey from Freddie Mac. The 30-year fixed-rate mortgage averaged 6.81% as of May 15,...
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Diamond Industry Pushes for U.S. Tariff Exemption
Article Summary The World Diamond Council is lobbying to exempt natural diamonds from U.S. tariffs, arguing that the current 10% tariff on Indian imports—set to rise to 26%...
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US Healthcare Data Breaches Expose Over 400 Million Records
Article Summary The U.S. healthcare sector has experienced a surge in data breaches, with over 400 million patient records exposed in the past two years. Cybersecurity...
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Banks Face Challenges in Communicating Fraud Risks
Article Summary Financial institutions are grappling with increasing fraud, particularly push-payment scams, but legal and regulatory barriers hinder their ability to share...
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Fed Reassesses Confidential Ratings for Major U.S. Banks
Article Summary The Federal Reserve is reviewing its confidential supervisory ratings for the largest U.S. banks, a move led by incoming Vice Chair for Supervision Michelle...
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Samsung Wallet Introduces Tap to Transfer for Seamless Payments
Article Summary Samsung has launched a new peer-to-peer payment feature called Tap to Transfer, allowing users to send money instantly by tapping their smartphones together....
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Banks Maintain High Credit Card Rates Despite CFPB Rule Reversal
Article Summary Banks have kept credit card interest rates at record highs, even after successfully challenging a Consumer Financial Protection Bureau (CFPB) rule that was...
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