The Fed Is Behind The Credit Card Merger
If Capital One is allowed to acquire Discover, it’ll gain access to a government loophole allowing it to raise prices and reduce competition.
Critical coverage on the global financial system and domestic policies that shape the U.S. economy, with a focus on corporate wrongdoing.
If Capital One is allowed to acquire Discover, it’ll gain access to a government loophole allowing it to raise prices and reduce competition.
Burned by legal decisions, Elon Musk is relocating his rocket company to Texas — where he’ll enjoy a new, separate justice system controlled by his ally, Gov. Greg Abbott.
Plus, consumers could be protected from insurer meltdowns, dueling communities reach rare agreement over water rights, and rural America scores access to clean water.
A bombshell report reveals that taxpayers spent billions developing medicines that drugmakers say shouldn’t face Medicare price negotiations.
The government is finally attempting to regulate overpriced drugs, but venture capital firms don’t want to lose their lucrative hold on life-saving pharmaceuticals.
While politicians, military brass, and Chinese officials jockey to control the content of Hollywood blockbusters, experts say no one is looking out for the filmmakers themselves.
As states crack down on prison-phone price gouging and resulting government kickbacks, telecom companies and their private equity backers have new ways to game the system.
Plus, more states make Big Oil pay for climate change, new consumer protection rules block junk fees, and the EPA strengthens regulations for forever chemicals.
Whistleblowers and regulators say Boeing’s self-inspection program helped lead to safety problems, including a recent catastrophic door plug malfunction.
As political ads blanket our screens like never before, the broadcast and tech lobbies are reaping the benefits of protecting the secrets of their dark money benefactors.