The feds may crack down on credit-card rewards programs. Here's what that means for your points and miles. – Yahoo Finance
Federal authorities are scrutinizing credit card rewards and related frequent flyer programs, arguing that the system is complex and misleading to customers. – MarketWatch Photo Illustration/iStockphoto Federal regulators are taking a closer look at the points and miles consumers earn on credit cards, and this scrutiny could help cardholders get more bang for their buck. […]
Feds rip Hunter Biden over ‘stunt’ California tax fraud appeal
Federal prosecutors in eldest son Hunter Biden’s California tax fraud case have accused him of a “plot to delay trial” by filing frivolous appeals, according to new court documents. President Biden’s 54-year-old son is trying to appeal his unsuccessful lawsuit to dismiss a lawsuit accusing him of failing to pay at least $1.4 million in […]
Warren Buffett predicts feds will raise taxes to get massive fiscal deficit under control
Warren Buffett predicted that the federal government would raise taxes to rein in US deficit spending. “I think there’s a good chance of a tax increase,” the billionaire investor said Saturday at Berkshire Hathaway’s annual shareholder meeting in Omaha. “They may decide at some point that they don’t want the budget deficit to be this […]
Apollo-Sony bid for Paramount could face antitrust hurdles from feds: sources
Apollo Global Management and Sony’s proposed takeover of Paramount Global Inc. faces significant hurdles in passing through Democratic-led federal regulators amid antitrust concerns, the company learned. Paramount, which closed exclusive merger talks with Skydance Media last Friday, owns the CBS network, its Hollywood studios and 28 local stations, including 17 CBS affiliates in markets such […]
Fed’s Williams says next move likely to lower rates, but timing uncertain
Jim Grant, founder and editor of the Grant Interest Rate Observer, discusses the financial uncertainty facing the Federal Reserve on “Maria Bartiromo’s Wall Street.” federal reserve Bank of New York President John Williams said Monday that the central bank’s next action would likely be to cut interest rates, but he did not say when. “Eventually […]
Robinhood warns feds could penalize firm over crypto tokens traded on platform
Retail trading platform Robinhood Markets announced on Monday that it received an enforcement action notice from the Securities and Exchange Commission on May 4 over crypto tokens traded on its platform. The company said it had received a so-called “wells notice,” which the SEC issues when it plans to take enforcement action against a company. […]
‘Bitcoin Jesus’ Allegedly Evaded Nearly $50 Million In Taxes, Feds Say
Roger Ver, known by his moniker “Bitcoin Jesus,” was arrested in Spain after allegedly engaging in tax evasion, mail fraud, and filing false tax returns, the Department of Justice (DOJ) announced Wednesday. Ver allegedly cheated the Internal Revenue Service (IRS) of at least $48 million by undervaluing his companies and falsely stating that he did […]
Did ‘Diddy’ snitch to the feds?
‘Takedown with Chris Hansen’ host Chris Hansen joins ‘Jesse Watters Primetime’ to discuss whether Sean ‘Diddy’ Combs will … source
Feds probing financial transactions at Jack Dorsey’s Square, Cash App: report
NBC News reported Wednesday that U.S. prosecutors are investigating financial transactions on the Jack Dorsey block, citing two people with direct knowledge of the matter. NBC reported Federal prosecutors said they were in talks with former employees who were accused of widespread compliance violations at the company’s two major divisions, Square and Cash App. Areas […]
Dolton, Ill. ‘super mayor’ Tiffany Henyard subpoenaed by feds
Federal authorities have launched a criminal investigation into Tiffany Henyard, the mayor of the embattled Chicago suburb, and last week issued a subpoena to the self-styled “super mayor” demanding extensive business records and financial reports. did. FBI agents served the subpoena on Friday at the Thorntown Township Hall to Mr. Henyard, who serves as both […]