Biden administration adding dozens of Chinese firms to forced-labor blacklist
Biden administration Over 2 dozen added A Chinese company was added to a forced labor blacklist on Friday, in the latest effort to combat exploitation of China's Uyghur population. The Department of Homeland Security (DHS) has identified 29 companies in Xinjiang that are allegedly using forced labor from Uyghurs to produce products for industries ranging […]
How to build wealth in 2025, and beyond
One of the easiest ways to build wealth is to be already wealthy. Ideally, you'd hide a large inheritance or family trust fund behind your couch cushions, or perhaps the keys to your humble yacht? After all, fortune favors the brave, so this kind of support allows you to take more risks and build wealth. […]
Lawsuits target ‘potato cartel’ enabled by price data aggregators
Frozen potato producers are the target of multiple new federal lawsuits that allege the companies are fixing prices through third-party data providers to form a “potato cartel.” Companies such as Cavendish Farms, McCain Foods, JRS, and Lamb Weston, along with the National Potato Promotion Board, conspired to “cultivate, stabilize, and restore” the potato. [or] To […]
Consumer watchdog to oversee digital wallets, payment apps
Large companies offering digital wallets and payment apps will now be supervised by the Consumer Financial Protection Bureau (CFPB). The CFPB on Thursday finalized rules that will bring it under oversight of companies that handle more than 50 million transactions a year. This includes Apple, Google, Amazon, PayPal, Block, Venmo, and Zelle. According to CNBC. […]
81 percent of Gen X worried they won't get Social Security benefits
The majority of Generation X Americans are worried that their Social Security benefits will no longer be paid in retirement. According to new research It was released on Thursday. A new Bankrate poll found that 81% of Gen Xers are concerned about losing promised benefits once they reach retirement age. Baby boomers came in second […]
SEC chair to step down on Inauguration Day
Securities and Exchange Commission (SEC) Chairman Gary Gensler announced Thursday that he will step down from his position when President-elect Trump takes office on January 20th. “The Securities and Exchange Commission is a great institution,” Gensler said in a statement. “The staff is made up of true public servants, and it has been the honor […]
American Airlines expanding technology, cracking down on line cutting ahead of holiday travel
As airports prepare for holiday travel, American Airlines said it is enhancing its technology to allow passengers to board only if their assigned group is called. announced In a release Wednesday. “Our customers have told us that being able to fly in their assigned group is important to them because it's a benefit that comes […]
Treasury imposes sanctions on Russian banks, financial officials
Russia's third-largest bank, Gazprombank, and its subsidiaries were targeted by U.S. sanctions on Thursday, making them the largest banks yet to be targeted as the Russia-Ukraine war approaches its third year. of new sanctions These organizations are part of the Treasury Department's Office of Foreign Assets Control and targeted over 50 “internationally connected” Russian banks, […]
DOJ asks judge to order Google to sell Chrome
The Department of Justice (DOJ) is asking a federal judge to order Google to sell its Chrome browser after a court found that Google maintains an illegal monopoly on online search. In a filing late Wednesday night, the Justice Department argued that Google's ownership and control over Chrome, as well as Android, impedes efforts to […]
US charges Gautam Adani, one of world's richest people, with fraud
Indian businessman Gautam Adani, one of the world's richest men, has been indicted by the United States on fraud charges. Adani is accused of defrauding investors by concealing that his company's massive solar energy project was backed by bribery allegations, the Associated Press reported. The federal indictment was unsealed Wednesday. He was charged with securities […]