New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
Las Vegas woman gets 7 years for elder financial fraud
CLARKSBURG, WEST VIRGINIA – A Nevada woman was sentenced to more than 7 years in prison today for committing financial fraud against the elderly, United States Attorney William Ihlenfeld announced. Shelly Leipham…
Roper eyes U.S. teacher shortage in $3.7 billion deal for Frontline Education
(Reuters) -Roper Technologies said on Tuesday it would buy educational software maker Frontline Education in a $3.7 billion deal to bolster its presence in the kindergarten to 12th grade market at a…
China issues draft rules to regulate financial holding companies’ related transactions
SHANGHAI (Reuters) – China’s central bank issued draft rules on Tuesday to regulate related transactions of financial holding companies. Such transactions must conform to rational commercial principles, be backed by genuine businesses…
Netflix considers $7-$9 per month for ad-supported subscription
Netflix Inc is looking to charge about $7 to $9 per month for its new advertising-supported subscription plan, Bloomberg news reported late on Friday. The company plans to introduce its budget-friendly option…
Pandemic may have worsened trends towards sluggish U.S. labor supply
By Howard Schneider and Ann Saphir U.S. labor markets are even more constrained than the current 3.5% unemployment rate indicates, according to new economic research that argues declines in the number of…
After Powell’s Wyoming speech Wall Street ends in a hole
By David French – Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell’s signal that the central bank would keep hiking rates to…
U.S. consumer sentiment improves further in August; near-term inflation expectations fall
WASHINGTON – U.S. consumer sentiment improved further in August and households’ near-term inflation expectations fell to an eight-month low amid declining gasoline prices, a survey released on Friday showed. The University of…
U.S. air travel complaints jumped 35% in June
By David Shepardson WASHINGTON -U.S. air travel service complaints jumped 35% in June over the previous month as airlines canceled or delayed thousands of flights, the U.S. Transportation Department (USDOT) said on…
M onthly inflation brakes sharply; Gasoline price drop restrains U.S. consumer spending
By Lucia Mutikani WASHINGTON – U.S. consumer spending barely rose in July as falling gasoline prices hurt sales at service stations, but monthly inflation slowed sharply, which could reduce the need for…
FedEx cuts ties with delivery contractor Patton, files lawsuit
By Lisa Baertlein LOS ANGELES -FedEx Corp on Friday filed suit asking a federal judge to stop one of its largest delivery contractors from spreading misinformation about its business for financial gain,…
Analysis-Musk tests limits of governance by having children with aide
By Rachael Levy Elon Musk’s decision to have children with one of his top executives at Neuralink pushed the limits of corporate governance norms, according to nine corporate governance experts who offered…
One-time loan forgiveness is on sound legal and fiscal footing, White House claims
By Alexandra Alper WASHINGTON – U.S. President Joe Biden’s decision to forgive a portion of student loan debt for many Americans is on a strong legal and fiscal footing, Bharat Ramamurti, director…
India’s CoinSwitch cooperating with financial crime agency probe -CEO
By Aditya Kalra NEW DELHI (Reuters) – India’s top crypto app CoinSwitch is cooperating with the national financial-crime agency, whose agents searched its offices this week to find out about its business…
Financial Institutions, Law Enforcement Agencies, and State and Federal Prosecutors Unite to Raise Awareness About Elder Fraud and Other Financial Scams
SPRINGFIELD, Ill. – In an effort to protect some of our most vulnerable citizens, financial institutions and federal, state, and local law enforcement agencies in Springfield are joining together to help educate…
Chippewa Valley Financial Advisor Sentenced to 84 Months for Fraud Scheme
MADISON, WI. – Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Michael Shillin, 33, formerly of Eau Claire, Wisconsin was sentenced today by Chief U.S. District…
Ethiopia’s public creditors recommit to debt relief
PARIS (Reuters) -A group of creditor nations on Wednesday recommitted to granting cash-strapped Ethiopia debt relief in the face of glacial progress. Ethiopia requested debt relief from its creditor governments in early…
Singapore financial regulator imposes $9 million fine on commodity trader Noble Group
(Reuters) – Commodity trader Noble Group Ltd will pay a S$12.6 million ($9.03 million) penalty for releasing ‘misleading’ information in its financial statements between 2012 and 2016, the Monetary Authority of Singapore…
How the Ukraine-Russia war rattled global financial markets
By Marc Jones LONDON (Reuters) – Over six months since Russia invaded Ukraine in what Moscow calls its “special military operation” thousands have been killed, millions made homeless and the world has…
Germany plans new financial crime authority in bid to tackle money laundering
BERLIN (Reuters) – Germany wants to create a new financial crime authority that would bundle several fragmented competencies, including sanctions enforcement, said a finance ministry paper on Tuesday. There are currently more…
Murphy Accused of Hiding Negative Financial Impact of Governor’s New Energy Master Plan
From the desk of Steven Oroho, NJ State Senator The latest ratepayer impact study of Governor Murphy’s Energy Master Plan inexplicably ignores many of the most costly mandates, said Senator Steven Oroho…
HOPKINS: Washington Had A Financial Waste Problem Long Before Democrats’ Inflation Reduction Act. Here’s One Example
HOPKINS: Washington Had A Financial Waste Problem Long Before Democrats’ Inflation Reduction Act. Here’s One Example Coleman Hopkins on August 19, 2022 When the government in Washington spends hundreds of billions of…
Bluebird falls on worries over $2.8 million gene therapy’s commercial success
By Mrinalika Roy (Reuters) -Bluebird bio slumped nearly 15% on Thursday as investors fretted over sales potential of its newly approved ultra-rare blood disorder gene therapy that is the most expensive treatment…
Colombia financial regulator may take steps to curb credit limits
BOGOTA (Reuters) – Colombia’s financial regulator said on Wednesday it could take measures to counteract ballooning consumer credit limits and tackle rising household debt as interest rates and inflation climb. The amount…
Costa Rica eyes raising $2.7 billion via sale of state financial assets
SAN JOSE (Reuters) – Costa Rica’s President Rodrigo Chaves said on Tuesday he plans to present a bill to sell state-owned banks Banco de Costa Rica and Banco Internacional de Costa Rica,…
S&P to lower ratings start point for Mexican non-bank financial institutions
MEXICO CITY (Reuters) – S&P Global Ratings will lower its ratings starting point for Mexican non-bank financial institutions (NBFI) to BB-minus from BB, citing financing risks, the ratings agency said on Tuesday.…
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