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TSMC Q2 Earnings Review: There's No Stopping The Juggernaut

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TSMC Q2 Earnings Review: There's No Stopping The Juggernaut
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H.B. Fuller declares quarterly dividend of $0.245 per share

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H.B. Fuller declares quarterly dividend of $0.245 per share

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AMD: The CPU King

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AMD: The CPU King

AMD: The CPU King

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General Mills in bromate crosshairs

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General Mills in bromate crosshairs

Florida issues civil subpoena for more information on use.

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Trump’s CFPB overhaul cost Americans $26.5 billion, Sen. Warren says

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Trump's CFPB overhaul cost Americans $26.5 billion, Sen. Warren says

President Donald Trump (L) and Sen. Elizabeth Warren (D-MA).

Reuters | Getty Images

Sen. Elizabeth Warren, D-Mass., said Thursday that the Trump administration’s overhaul of the Consumer Financial Protection Bureau has cost Americans up to $26.5 billion so far, the latest Democratic critique of sweeping changes made to the agency.

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In a report shared first with CNBC, Warren said most of that figure comes from moves the CFPB has taken under acting director Russell Vought to roll back rules capping credit card and overdraft fees.

The report comes as Vought faces a Senate oversight hearing Thursday on those and other actions, including dismissing enforcement actions and consent orders and an allegation that the agency recently removed 15 years of consumer data from the CFPB website.

Since taking office last year, the Trump administration has slashed staffing, dropped or narrowed dozens of enforcement cases, and rolled back Biden-era rules to refocus the agency on what officials call its core mission.

Republicans have defended the moves as necessary to rein in what they view as an overreaching regulator. Democrats led by Warren — who conceived and helped set up the agency after the 2008 financial crisis — have argued that the Trump administration has crippled a key consumer financial watchdog and exposed Americans to unfair or deceptive industry practices.

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The clash comes as the Senate weighs the nomination of Brian Johnson, a former CFPB deputy director turned Capital One executive, whom President Donald Trump tapped to lead the agency permanently.

Warren’s report attributes up to $15 billion in consumer costs to the CFPB’s decision to abandon a rule capping most credit-card late fees at $8, a regulation the agency previously estimated would save consumers roughly $10 billion annually.

It attributes another $7.5 billion to the repeal of the CFPB’s overdraft fee rule, which would have limited many banks to charging $5 for overdrafts.

The remainder of the estimate comes from the CFPB’s decision to drop more than three dozen enforcement actions and settlements, some of which were set to send payments directly to consumers. That totaled roughly $4 billion, according to the report.

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The White House and CFPB did not immediately respond to requests for comment.

Ahead of Thursday’s hearing, Warren also sent Vought a letter cataloging what she described as unanswered congressional oversight requests during his tenure running the bureau.

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ADM joins General Mills and Walmart in regen ag effort

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ADM joins General Mills and Walmart in regen ag effort

Trio targets 40,000 wheat acres.

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Greece stocks lower at close of trade; Athens General Composite down 0.40%

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Greece stocks lower at close of trade; Athens General Composite down 0.40%

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Osterweis Capital Management Q3 2026 Strategic Income Outlook

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Osterweis Capital Management Q3 2026 Strategic Income Outlook

Osterweis Capital Management was founded in 1983 to serve the portfolio management needs of high net worth individuals and institutions. We believe the best way to protect and grow assets is through carefully selected, high conviction portfolios that are designed to capture upside in favorable markets and limit downside during selloffs. We manage equities and fixed income, which are available through mutual funds and separate accounts. Note: This account is not managed or monitored by Osterweis Capital Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use the firm’s official channels. Mutual fund investing involves risk. Principal loss is possible. Distributed by Quasar Distributors, LLC.

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Walmart: The Sell-Off Isn't Over Yet (Rating Upgrade)

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Palantir: AI SaaS Winner Still Expensive - Bull Trap Plays Out

Walmart: The Sell-Off Isn't Over Yet (Rating Upgrade)

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TSMC Q2: The AI Panic Creates Your Second Chance

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TSMC Q2: The AI Panic Creates Your Second Chance

TSMC Q2: The AI Panic Creates Your Second Chance

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Wessex Water to be charged over blast that killed four workers

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The Health and Safety Executive has informed the utilities firm of its plan to prosecute

Wessex Water is set to face criminal charges nearly six years after a tragedy that killed four workers at its Avonmouth treatment site near Bristol.

The Health and Safety Executive (HSE) is to prosecute the water company over the deaths of Luke Wheaton, 16, Ray White, 57, Brian Vickery, 63, and Mike James, 64, who died in December 2020.

The four workers, one of whom was an apprentice, were carrying out welding on the roof of an anaerobic digester silo and a spark ignited the gas inside.

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Avon & Somerset police initially led a criminal investigation into the blast, but it was dropped in July 2024 because they said at the time the evidence they had gathered did “not reach the extremely high threshold to prosecute” anyone at Wessex Water, or the company itself, for corporate manslaughter.

The HSE took over the investigation and has now confirmed it will be bringing charges against Wessex Water in relation to the explosion.

A spokesperson for the HSE confirmed charges would be brought.

“Following an investigation by the Health and Safety Executive into an incident at Avonmouth on 3 December 2020, which resulted in the deaths of four workers, our Legal Services Division has taken the decision to authorise criminal charges against Wessex Water, for offences under the Health and Safety at Work etc. Act,” a spokesperson said.

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Wessex Water, a company owned by Malaysian firm YTL, confirmed it had been told the firm would be charged.

A Wessex Water spokesperson said: “The HSE has informed us of its decision to prosecute. We will always remember Brian Vickery, Ray White, Luke Wheaton and Mike James. Our thoughts are with their families, friends and colleagues.”

In the aftermath of the blast, the grieving families of the four who died paid tribute to their loved ones, asked for respect for their privacy and have made no further comments publicly about the ongoing investigation.

Instead, many of the relatives have got involved in fundraising and other projects to honour their loved ones and create a lasting legacy for them.

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