Florida man posed as Elon Musk, scammed woman out of $600,000 life savings
BRADENTON, Fla. — A 56-year-old Florida man was arrested earlier this month for allegedly impersonating tech billionaire Elon Musk in a scheme to defraud a …
savings
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 …
Baltimore Man’s $50K Scratch-Off Win Fuels Future Savings Plan
BALTIMORE, MD — A Baltimore man who won $50,000 from a Maryland Lottery scratch-off plans to bank his winnings and stay focused on his career. …
Stanislaus County Man Sentenced to 18 Months in Prison for Passing Counterfeit Savings Bonds
According to court documents, on 10 occasions between March and May 2022, Fleming passed 11 counterfeit United States savings bonds at banks in the Counties …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
‘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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Home Health Aide Sentenced to 57 Months in Prison for Stealing U.S. Savings Bonds from Elderly Woman
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced that JHANANNIE SINGH, also known as “Jasmine” and “Sharmala Persaud,” 52, a citizen …
Postal Savings Bank of China to provide $39 billion of property sector financing
BEIJING (Reuters) – Postal Savings Bank of China has agreed to provide a total of 280 billion yuan ($39.17 billion) in financing to property companies …
Brazil’s Nubank rolls out Mexican savings accounts, debit card
By Cassandra Garrison MEXICO CITY (Reuters) – Brazil’s Nubank, Latin America’s star financial technology firm, began launching Mexican savings accounts on Wednesday as it looks …
Vanguard launches Australian pension fund in bid for $2 trillion savings pool
SYDNEY (Reuters) – The world’s second-largest fund manager Vanguard launched a pension fund in Australia on Friday, the first new fund licence approved in six …
Nights in and packed lunches – Britons seek savings to cover energy bills
LONDON (Reuters) – Britons are spending more nights in, taking packed lunches to work and eschewing new clothes and treats to ensure they can cover …
Williamsille Man Charged for Stealing Woman’s Life Savings
WILLIAMSVILLE, NY – Erie County District Attorney John J. Flynn announces that 64-year-old Victor P. Marinaccio, formerly of Williamsville, was arraigned this morning before Erie …
Credit Suisse exec: Swiss bank not main focus for cost savings
ZURICH (Reuters) – Credit Suisse’s Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring …
SAS sees $200 million in savings through 2026 from pilot labour deal
STOCKHOLM (Reuters) – Crisis-hit Scandinavian airline SAS sees savings of $200 million through 2026 from a new collective bargaining deal reached with most of its …
Analysis-Biden’s student loan forgiveness may erase savings of climate, drugs law
By David Lawder WASHINGTON (Reuters) – President Joe Biden’s controversial plan to forgive up to $20,000 in student loans for tens of millions of Americans …
Argentina extends tax incentives on undeclared savings to spur construction
BUENOS AIRES (Reuters) – Argentina’s new Economy Minister Sergio Massa on Monday announced the extension of a plan offering tax incentives to Argentines who use …
Home Health Aid Admits Stealing U.S. Savings Bonds from Elderly Woman
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced that JHANANNIE SINGH, also known as “Jasmine” and “Sharmala Persaud,” 52, a citizen …
French “Livret A” bank savings rate could be doubled in August – Villeroy
PARIS – France’s Livret A bank savings rate – held by millions of customers across the country – may be raised from 1% to 2% …
Brazilian savings post record withdrawals in first half amid high inflation
BRASILIA – Brazilian savings accounts suffered a record blow in the first half of this year amid double-digit inflation that has eroded disposable income in …
Savings and algorithms: UK supermarkets battle cost of living crisis
By James Davey LONDON – Facing the toughest economic conditions in decades, Britain’s supermarkets are cutting product ranges, searching for cost savings and patrolling each …
Column-Want to do something about your ailing retirement savings? Don’t
By Mark Miller (Reuters) – When the stock market gets volatile, retirement investors are naturally inclined to want to do something about it. We certainly …
UK music subscriptions in decline as households seek savings
By James Davey LONDON – Britons cancelled over 1 million music subscriptions in the first quarter as a worsening cost of living crisis forced them …
India’s retirees tap savings, eat less as living costs soar
By Manoj Kumar NEW DELHI – T.L. Wali, a 66-year-old lawyer in Delhi’s high court, had been looking forward to retirement. But with India’s living …
Jury Convicts Former New Jersey Man for Role in Scheme to Defraud Elderly Oregonian of Savings
EUGENE, Ore.—A federal jury in Eugene found a former New Jersey man guilty today for his role in a scheme to steal $1 million from …
Cenergistic Energy Management Program to Provide Millions in Savings and Help Combat Rising Energy Costs for Four New Partners
DALLAS, April 26, 2022 — Thanks to a new partnership with Cenergistic, four new organizations will have the technology and resources they need to optimize …
Insurer AIA Group sells Australian savings and investments business
– Asia-focused insurer AIA Group said on Thursday it would sell its Australian savings and investments business to local life insurance firm Resolution Life Australasia, …
Former Financial Advisor Sentenced to 14 Years in Federal Prison for $12 Million Fraud that Caused Clients to Lose Retirement Savings
LOS ANGELES – A former financial advisor with a lengthy disciplinary history was sentenced today to 168 months in federal prison for a real …