82-Year-Old Bronx Man Robbed of Savings, Jewerly in Distraction Home Invasion Burglary
NEW YORK — Police are searching for three suspects involved in a distraction burglary that targeted an 82-year-old man in the Bronx on Friday, September 6, 2024. At approximately 12:40 p.m., the…
Brooklyn Church Leader, New Jersey Man Stole Parishioner’s Retirement Savings
NEW YORK, NY – Lamor Whitehead, a 45-year-old church leader from Paramus, New Jersey, was found guilty by a jury on charges including wire fraud, attempted wire fraud, attempted extortion, and making…
VW struggling with S.Africa costs as group targets savings – executive
By Joe Bavier JOHANNESBURG (Reuters) – A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday he was “very worried” about the future of the company’s operations in South…
Starbucks to grow to 55,000 global stores by 2030, sees $3 billion in cost savings
(Reuters) – Starbucks is planning to expand its global store footprint to 55,000 stores by 2030, CEO Laxman Narasimhan said on Thursday. The coffee chain is also targeting cost savings of over…
ECB sees no consumption boom as rich have most of the savings
FRANKFURT (Reuters) – The euro zone is unlikely to see a new boom in consumption as savings accumulated during the COVID-19 pandemic are largely held by the richest households, the European Central…
Americans Are Burning Through Savings To Keep Biden’s Economy Afloat, Experts Say
Americans Are Burning Through Savings To Keep Biden’s Economy Afloat, Experts Say Will Kessler on October 22, 2023 The U.S. has recently seen consistent economic growth that has been fueled by strong…
Australia central bank sees possible cost savings in tokenisation
SYDNEY (Reuters) – Australia’s central bank on Monday said tokenised money could help save billions of dollars in costs in domestic financial markets, as it studies whether and how to launch a…
Malaysia sees greater savings from shift to targeted subsidy system – Bloomberg, citing minister
KUALA LUMPUR (Reuters) – Malaysia expects to save at least $1 billion to $2 billion a year from a shift to a targeted subsidy system in a bid to narrow its fiscal…
Menendez Says Cash and Gold Bars Were from Personal Savings, Not Bribes
UNION CITY, NJ – In the wake of a bombshell indictment against him, New Jersey U.S. Senator Robert Menendez held a press conference at Hudson County Community College to claim not only…
India may cut market borrowing if small savings shoot up – official
By Nikunj Ohri NEW DELHI (Reuters) – India’s market borrowing could be less than expected for the current fiscal year if small savings are more than projected, Economic Affairs Secretary Ajay Seth…
Hedge funds land bonuses despite returns below bank savings rates -Goldman
By Nell Mackenzie LONDON (Reuters) – Most investors still award bonuses to hedge funds even if their investments do not earn as much as a bank savings account would, Goldman Sachs said…
‘Almost Negligible’: Biden Admin Quietly Cuts Estimated Savings In Proposal Cracking Down On Gas Stoves
‘Almost Negligible’: Biden Admin Quietly Cuts Estimated Savings In Proposal Cracking Down On Gas Stoves Nick Pope on August 4, 2023 The Department of Energy (DOE) quietly reduced its appraisal for how…
Apple’s high-yield savings account hits over $10 billion in customer deposits
(Reuters) – Apple’s high-yield savings account offered by its partner Goldman Sachs has reached over $10 billion in customer deposits, the technology giant said on Wednesday. The deposit account, which was launched…
Czech lawmakers give initial backing to $7 billion budget savings package
PRAGUE (Reuters) – The Czech parliament’s lower house gave initial backing on Friday to the centre-right government’s package of spending cuts and tax hikes aimed at cutting the budget deficit in the…
Volkswagen supervisory board to discuss savings programme on Tuesday
BERLIN (Reuters) – Volkswagen’s supervisory board will meet on Tuesday to discuss a planned savings programme ahead of its capital markets day on June 21, two sources close to the company said…
US households have $500 billion in excess savings, San Francisco Fed says
(Reuters) – U.S. households still have some $500 billion in excess savings compared to before the COVID-19 pandemic that could support consumer spending late into this year, according to research published on…
Apple offers high-yield savings to card customers as deposit competition heats up
NEW YORK (Reuters) – Apple Inc is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased competition among…
Biden Says US Banks Are ‘In Pretty Good Shape,’ Americans’ Savings Are ‘Secure’
Biden Says US Banks Are ‘In Pretty Good Shape,’ Americans’ Savings Are ‘Secure’ Harold Hutchison on March 24, 2023 President Joe Biden claimed Friday that American banks were “in pretty good shape”…
STEVE MILLOY: Biden Uses His First Veto To Sacrifice Americans’ Retirement Savings At The Altar Of ESG
STEVE MILLOY: Biden Uses His First Veto To Sacrifice Americans’ Retirement Savings At The Altar Of ESG Steve Milloy on March 20, 2023 In America’s hour of need, a call for help…
SUZANNE DOWNING: Biden Is Throwing Americans’ Retirement Savings To The Wolves. It’s Not Too Late To Stop Him
SUZANNE DOWNING: Biden Is Throwing Americans’ Retirement Savings To The Wolves. It’s Not Too Late To Stop Him Suzanne Downing on February 26, 2023 Two wolves and a sheep decide what’s for…
Australia to limit tax breaks on multi-million dollar retirement savings
SYDNEY (Reuters) – The Australian government said on Tuesday it would limit tax breaks for members with pension balances of more than A$3 million ($2 million) in the face of mounting pressure…
More Americans Than Ever Before Are Dipping Into Their Retirement Savings Just To Make Ends Meet
More Americans Than Ever Before Are Dipping Into Their Retirement Savings Just To Make Ends Meet John Hugh DeMastri on February 2, 2023 A record-setting number of Americans are pulling money from…
STEPHEN MOORE: Biden Is Putting Americans’ Retirement Savings In The Crosshairs. Here’s How
STEPHEN MOORE: Biden Is Putting Americans’ Retirement Savings In The Crosshairs. Here’s How Stephen Moore on January 18, 2023 President Joe Biden’s Labor Department recently announced a new rule that will permit…
Analysis-High yields and savings to boost ordinary Italians’ bond purchases
By Sara Rossi, Alessia Pe and Valentina Consiglio MILAN (Reuters) – Enticing returns on government bonds and the fear of inflation should lure more Italian retail investors to the fixed income market…
Germany not facing gas emergency but more savings needed -regulator
FRANKFURT (Reuters) – Germany is currently not at risk of a gas emergency that would include rationing, the head of its energy regulator said, but he said that households and industry needed…
Queens Resident Sentenced to Prison for Helping to Sell U.S. Savings Bonds Stolen from Elderly Woman
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced that GLEN CAMPBELL, also known as “Nick,” 41, a citizen of Guyana residing in Queens, New York, was sentenced today…
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