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Banking

“Wells Fargo reaches $1 billion shareholder settlement over recovery from scandals”

“Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers…” https://finance.yahoo.com/news/wells-fargo-reaches-1-billion-040526887.html And people use this bank… Continue Reading…

Economy

“Workers Are Getting Poorer As Price Inflation Reaches New Heights”

“ EDITOR’S NOTE: Eleven months ago, CPI inflation hit a “shocking” 4.2%. The Fed called it “transitory,” while Treasury Secretary (and former Fed Chair) Janet Yellen said that the CPI would drop to around 3% by the end of this… Continue Reading…

Business, Economy

“Shoplifting reaches crisis proportions”

“…Why it matters: Retailers are already reeling from the pandemic, supply chain woes and the labor shortage. Now they’re combating systematic looting by organized crime gangs — which are growing more aggressive and violent.• “It’s out of control — it is… Continue Reading…

Uncategorized

“Mega Millions jackpot reaches $421 million: Here are the best and worst states for taxes on lottery winnings”

“After no winning tickets matched all six numbers drawn on Tuesday, January 25, Friday’s Mega Millions estimated jackpot is $421 million, before taxes are taken out, according to MegaMillions.com… The worst states in which to hit the Mega Millions jackpot 5.… Continue Reading…

Business, Cryptocurrencies

“Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights”

“…MoonPay, a relative newcomer, is taking the crypto mania in venture capital to new heights. The three-year-old fintech firm said Monday it has raised $555 million in its first-ever financing round. The investment, led by Tiger Global and Coatue, values… Continue Reading…

Economy

“Oil prices tumble under $70 a barrel after OPEC+ reaches production deal”

“Crude prices tumbled to start the week, after Organization of the Petroleum Exporting Countries and its allies, including Russia, reached a deal to boost oil production amid climbing demand. West Texas Intermediate crude for August delivery  CL00, -3.73% CLQ21, -3.70% dropped nearly 3.7% to $69.16… Continue Reading…