Viral TikTok trend promising ‘free cash’ from ATM ‘glitch’ is actually just check fraud, Chase bank says
A viral TikTok video led people to believe a Chase Bank “glitch” was allowing them to get free money, but the bank claims it's just a check scam. A TikTok video showed people celebrating after apparently receiving a large amount of free cash from Chase Bank. “The people who were doing this knew they had […]
Citadel’s Ken Griffin attacks SEC cash grab for surveillance
Hedge fund mogul Ken Griffin is reportedly leading a campaign to block U.S. regulators' efforts to force traders to fund a new market-surveillance system. Griffin's Citadel Securities wants to block new rules that would require investors to put money aside for a so-called integrated audit trail system that has already cost an estimated $1 billion. […]
Cash in money market accounts at record level as rate cuts loom
KB Advisory Group founder Christine Benz breaks down the disconnect between Main Street and Wall Street on “Making Money.” The amount of cash held by investors Money Market Accounts It hit a record high in August, even as looming interest rate cuts reduce returns. Money market account assets hit $6.24 trillion this month, according to […]
EPA starts doling out green bank cash
Welcome to the Hill’s Energy and Environment Newsletter {beacon} Energy and Environment Energy and Environment Full text Biden administration to keep Colorado River waters low in Arizona and Nevada Arizona and Nevada will maintain cuts on Colorado River water use next year but will not face any imminent increases in water conservation requirements, the […]
Harris campaign signals continued support for ending cash bail
Harris’ campaign has said she continues to support abolishing cash bail and bail reform as the vice president and former prosecutor faces intense scrutiny for her past policies and positions on crime and law enforcement. “Vice President Harris believes our criminal justice system should protect and serve all Americans, regardless of economic status, gender or […]
GOP leaders push House members to raise more cash to combat Harris enthusiasm
House Republican Campaign Chairman Richard Hudson (R-N.C.) urged lawmakers in a private conference call on Thursday to step up fundraising efforts and investments as Democratic enthusiasm grows following Vice President Harris’ announcement that she is running for president. Hudson’s plea, the Republican National Congressional Committee’s (NRCC) chairman, comes after the House Democratic Campaign Committee outraised […]
Cost of fighting flooding is soaking up English councils’ cash, ministers warned | Flooding
The cost of preventing major flooding caused by extreme weather and excessive rainfall is deepening the financial crisis for councils in low-lying England, ministers have warned. Communities in the east of the country say they are being forced to cut routine services like garbage collection because of dramatic and unsustainable increases in payments they have […]
Reserve Bank of New Zealand cuts cash rate by 25 basis points – CNBC
A security guard stands at the main entrance of the Reserve Bank of New Zealand in downtown Wellington, New Zealand on July 3, 2017. David Gray | Reuters The Reserve Bank of New Zealand cut its benchmark interest rate by 25 basis points to 5.25% on Wednesday. The move surprised economists polled by Reuters, who […]
Middle and low income Americans running out of disposable cash: SF Fed
The Conference Board’s chief economist, Dana Peterson, analyzes the job market and consumer confidence on “Making Money.” Low and middle-income Americans are short on discretionary cash and are on track to have less than they had before the COVID pandemic upended the economy, a survey by the National Statistics Office has found. Federal Reserve System […]
Cash App users could get payment due to $15M lawsuit settlement
See what’s clicking on FoxBusiness.com Some Cash App users may be eligible to receive money if they file claims in connection with a proposed settlement of a class action lawsuit filed against the company. Under the terms of a proposed settlement reached in the consolidated lawsuits, Salinas, et al. v. Block, Inc. and Cash App […]