Capital One to acquire Discover Financial: report
Julia Coronado, founder and president of MacroPolicy Perspectives, talks on Making Money about whether a new local banking crisis is on the horizon. Warren Buffett-backed consumer bank and credit card issuer Capital One is acquiring credit card lender Discover Financial Services, The Wall Street Journal reported, citing people familiar with the matter. The company plans […]
Investors hope for catch-up rally as Chinese stocks reopen – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Hong Kong’s Hang Seng Chinese Enterprise Index has risen nearly 5% over the past week, raising hopes for a comeback when the mainland’s stock exchange returns from a 10-day Lunar New Year holiday on Monday. Traders and […]
Donald Trump ordered to pay over $350m in New York financial fraud case | Donald Trump
Donald Trump, his eldest son, and his associates have been found guilty by a New York judge of intentionally committing financial fraud over a 10-year period and ordered to pay more than $350 million. “The fraud discovered here jumps off the page and shocks the conscience,” Judge Arthur Engoron said in his ruling. In a […]
Fani Willis Explains Why She Didn’t List Gifts From Wade On Financial Disclosure
Fulton County District Attorney Fani Willis claimed Thursday that she “did not receive” any gifts from Nathan Wade that she was required to disclose in 2022. The Daily Caller News Foundation previously reported that Willis on a 2022 financial disclosure form provided information about Mr. Wade, including a plane ticket to Miami that the bank […]
NY magazine’s financial advice columnist lost $50K to scam
A financial advice columnist for New York Magazine has admitted that he was swindled out of $50,000 by a scammer claiming to be a CIA agent and ordered to hand over a shoebox full of cash to a courier in a white Mercedes. Charlotte Cowles, who writes a financial advice column for The Cut, a […]
Percentage of Americans expecting improved financial situation highest in almost 4 years: Survey
Americans were more optimistic about their financial situation in January 2024 than at any time since the pandemic began nearly four years ago, according to new data released Monday. In the January 2024 Consumer Expectations Survey, released More Americans expect to be better off a year from now than at any time since the beginning […]
Bitcoin price touches $50,000 after spot ETF launches spur demand – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Bitcoin prices on Monday hit $50,000 for the first time since 2021, highlighting the sharp shift in demand for the token since mainstream Bitcoin investment funds launched earlier this year. The industry’s leading cryptocurrency has gained almost […]
Samsung CEO won’t be sent back to prison for financial crimes
Samsung CEO Lee Jae-yong avoided another prison sentence on Monday after being found not guilty of financial crimes related to the controversial merger of two of the company’s affiliates. According to reports, the Seoul Central District Court ruled that prosecutors were unable to sufficiently prove that the 2015 merger between Samsung C&T and Cheil Industries […]
OK’s oldest Native American college faces uncertain future due to financial woes
Founded in 1880, Bacon College has evolved into an Indigenous-led educational institution that fosters intertribal community and offers academic degrees. Currently, the university is facing financial difficulties, plagued by mismanagement, unstable leadership, and lawsuits. Due to financial difficulties, Bacon School has suspended classes and is facing permanent closure. The hallways of Bacon College are cold […]
Bank of Japan grows more confident about imminent exit from negative rates – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Bank of Japan officials are increasingly confident that the economy is strong enough to attempt an imminent exit from the world’s remaining negative interest rates. The central bank is becoming more bullish on the outlook for inflation […]