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News about finance:

    Presumptive Democratic presidential nominee Joe Biden has not yet explained how he would have handled the coronavirus pandemic differently than President Trump, former Obama National Finance Committee member Don Peebles said on Thursday. “This was something that caught us all by surprise and had a devastating impact on the world and has created a worldwide recession, not just America,” Peebles told "Fox...
    Governance out of control This dramatic drop was caused by a critical bug in the YAM protocol. Spotted yesterday by the developers behind the project, they quickly launched an operation to save the YAM: “If the governance is not able to submit a bug fix proposal before the second rebase, no further governance action...
    VALENCIA have reportedly put their their entire squad up for sale - with the exeption of centre-half Jose Gaya. The coronavirus pandemic has caused financial implications across European football leagues. 1Valencia defender Jose Gaya could have a whole new set of team-mates next seasonCredit: AFP or licensors And according to Marca, Valencia have been hit...
    Facebook failed in a King County court to dismiss one of two campaign finance lawsuits from Washington Attorney General Bob Ferguson’s office against the multinational social media company. The ruling came from King County Superior Court Judge Douglass A. North on Friday. “Today we defeated Facebook’s attempt to avoid its legal responsibility to...
    Senate Finance Committee Chairman Chuck GrassleyCharles (Chuck) Ernest GrassleyTrump puts trade back on 2020 agenda McConnell goes hands-off on coronavirus relief bill GOP chairmen hit back at accusation they are spreading disinformation with Biden probe MORE (R-Iowa) said Tuesday he would only support making President TrumpDonald John TrumpTeachers union launches 0K ad buy calling for...
    Binance adds yearn.finance (YFI) On yesterday, the Binance exchange added a high profile decentralized finance (DeFi) token called yearn.finance (YFI). Binance announced 4 pairs of negotiations namely YFI / USDT, YFI / BTC, YFI / BUSD and the YFI / BNB pair. The Poloniex and FTX exchanges have also been supporting YFI trading for...
    PENANG, Malaysia (AP) — Malaysia’s former finance minister accused the government of taking political vengeance Tuesday after a third graft charge was filed against him and his wife was charged with money laundering. Lim Guan Eng was part of a reformist government ousted in March and the new government under Prime Minister Muhyiddin Yassin is...
    A government agency said a potential deal for Eastman Kodak to produce pharmaceutical ingredients is being paused until allegations of insider trading at the once mighty photography company are cleared. "Recent allegations of wrongdoing raise serious concerns," said the U.S. International Development Finance Corporation in a tweet late Friday. "We will not proceed any further...
    An ex-financial firm CEO who paid $850,000 to get his children into elite universities has described life behind bars as 'torture' as he pleads to be released from jail. Douglas Hodge, 62, an ex-Pimco boss, pleaded guilty last fall to paying $850,000 in bribes over an 11-year period to ensure his four children were accepted...
    BEIRUT (Reuters) - Lebanon's Finance Minister Ghazi Wazni, a key negotiator with the IMF over a rescue plan to help Lebanon exit a financial crisis, has prepared his resignation letter and brought it with him to a cabinet meeting, a source close to him and local media said. Earlier local broadcasters MTV and Al Jadeed...
    BERLIN (AP) — Germany's center-left Social Democratic Party plans to name Finance Minister Olaf Scholz as its candidate to become chancellor in the country's national election next year. Party co-leader Saskia Esken said Monday on Twitter that the decision “represents an unexpected twist for some” but asked for members' trust going forward. Scholz, 62, who...
    BERLIN (AP) — Germany’s center-left Social Democratic Party plans to name Finance Minister Olaf Scholz as its candidate to become chancellor in the country’s national election next year. Party co-leader Saskia Esken said Monday on Twitter that the decision “represents an unexpected twist for some” but asked for members’ trust going forward. Scholz, 62, who...
    PENANG, Malaysia (AP) — Malaysia's former finance minister pleaded not guilty Monday to a second corruption charge related to a $1.5 billion undersea tunnel project and slammed the case as a trumped-up charge by the new government. Lim Guan Eng, 59, was first charged Friday with soliciting 10% of potential profits in 2011 as a...
    PENANG, Malaysia (AP) — Malaysia’s former finance minister pleaded not guilty Monday to a second corruption charge related to a $1.5 billion undersea tunnel project and slammed the case as a trumped-up charge by the new government. Lim Guan Eng, 59, was first charged Friday with soliciting 10% of potential profits in 2011 as a...
    By JOSEPH PISANI, AP Business Writer NEW YORK (AP) — A government agency said a potential deal to have Eastman Kodak help make generic drugs is being paused until allegations of insider trading at the once mighty photography company are cleared. “Recent allegations of wrongdoing raise serious concerns,” said the U.S. International Development Finance Corporation...
    Jessica Wang’s five-piece debut collection was available for two days in June, exclusively on Amazon.Daniel Ding Despite being quarantined at home for months, Jessica Wang still sports stilettos. “I’ve actually been wearing heels for my TikToks and my photo shoots,” the social-media influencer told The Post. “As soon as I’m done with the shoes,...
    NEW YORK (AP) — A government agency said a potential deal to have Eastman Kodak help make generic drugs is being paused until allegations of insider trading at the once mighty photography company are cleared. “Recent allegations of wrongdoing raise serious concerns,” said the U.S. International Development Finance Corporation in a tweet late Friday....
            by Andrew Kerr  Democratic Michigan Rep. Rashida Tlaib violated the Federal Election Campaign Act of 1971 by paying herself a salary from her campaign after securing victory in the 2018 general election, the House Ethics Committee unanimously ruled on Friday. The Ethics committee found that Tlaib violated FECA’s personal use...
    A Better Government Association investigation found four top Illinois legislators skirted campaign finance limits that were put in place after the arrest of former Governor Rod Blagojevich.According to the BGA, Mike Madigan, Don Harmon Bill Brady and Jim Durkin have raised $44 million more than the contributions allow."What they do with this money is they...
    ILHAN Omar has been slammed for "missteps, anti-Semitic remarks and finance issues" by her hometown newspaper as it endorsed her challenger. The Minneapolis Star Tribune backed Antone Melton-Meaux as its Democratic representative and said that he would be "the kind of leader who could unite a fractured district." 2Omar's local paper has gone against herCredit:...
    KUALA LUMPUR (Reuters) - Malaysian anti-graft officials arrested former finance minister Lim Guan Eng on Thursday in connection with corruption allegations over a $1.5 billion undersea tunnel project, state news agency Bernama reported. Lim, a senior opposition leader, will be charged in court on Friday, Bernama said, citing the Malaysian Anti-Corruption Commission. Lim was finance...
    The Federal Housing Finance Agency is putting new rules in place to ensure that renters are aware of their rights during the pandemic. The regulator is now requiring any multifamily landlord who has entered a forbearance agreement on a loan backed by Fannie Mae FNMA, +0.24% or Freddie Mac FMCC, -0.49% to notify their...
    Distribution of dividends The Nexo project is a provider of instant cryptocurrency credits. The project was developed by Credissimo, a group of classic financial loans that has million customers in Europe. Nexo is a centralized company as opposed to Decentralized Finance Applications (DeFi) which performs the same activity on the blockchain. The company will...
    OTTAWA (Reuters) - Canadian Finance Minister Bill Morneau on Wednesday said he was hosting a call with counterparts from the United States, Britain, Australia and New Zealand to discuss the economic impact of the COVID-19 pandemic. Morneau tweeted that the participants were also looking at "how we can work together to ensure a successful recovery"....
    Qatar's monarchy allegedly financed weapons deliveries to the global terrorist group Hezbollah, endangering the nearly 10,000 U.S. troops stations in the emirate, according to a damning new dossier viewed by Fox News. The Gulf state’s Al Udeid military base is host to a forward headquarters of U.S. Central Command and to U.S. Air Force squadrons....
    The Federal Election Commission has received a complaint accusing Rep. Ilhan Omar's primary opponent of failing to disclose some of his donors. The Minnesota Democratic-Farmer-Labor Party, which is affiliated with the Democratic Party, claimed that Omar's primary opponent Antone Melton-Meaux was "conspiring to intentionally obscure" who had donated to his campaign and alleged he...
    BANGKOK (AP) — The Asian Development Bank announced Tuesday it will provide a $1.5 billion loan to Thailand to aid its response to the coronavirus pandemic. Thailand’s Cabinet approved the borrowing plan at its weekly meeting, deputy government spokeswoman Ratchada Thanadirek announced separately. The loan agreement is expected to be signed by representatives of the...
    By Anshuman Daga SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out wealth management products in the fast-growing but crowded sector. Backed by heavyweight investors including SoftBank Group Corp, Grab has already sunk its roots...
    If you want to take better care of your personal finances, then you have come to the right place. Meet The Beginner’s Guide to Personal Finance & Investment Bundle, an online training with 48+ hours of content on how to take control of your finances and start building wealth through smarter investments. You will learn...
    JOHANNESBURG (Reuters) - South Africa's Deputy Finance Minister David Masondo has been asked to step down by the governing African National Congress party's integrity commission for involving an elite police unit in a dispute with a former lover. Masondo has been tasked with driving pro-growth economic reforms and is among potential successors to current Finance...
    Rep. David Schweikert must now convince Arizona’s 6th Congressional District that he is worthy of reelection after receiving a congressional reprimand for 11 ethics violations over campaign finance manipulations. The Arizona Republican, who agreed to pay a $50,000 fine after the House Ethics Committee Thursday found that he “erroneously disclosed or failed to disclose” $305,000...
    The House Ethics Committee ordered Republican Arizona Rep. David Schweikert to pay a $50,000 fine Thursday after it found that he had violated 11 House rules on campaign finance and congressional budgets. The fine marks the end to a two-year investigation which found that Schweikert not only violated House rules, but the Code of Ethics...
    In a rare public reprimand of one of their own, the House voted Friday to formally sanction Rep. David SchweikertDavid SchweikertHouse Ethics panel recommends ,000 fine for Rep. Schweikert's campaign finance violations Americans need medical expense relief amid COVID-19 uncertainty The Hill's Campaign Report: Physician candidates lean on medical experience amid coronavirus campaigning MORE (R-Ariz.)...
    By ROXANA HEGEMAN, Associated Press BELLE PLAINE, Kan. (AP) — The Kansas State Finance Council has allocated more than $254 million of federal coronavirus relief funds mostly toward efforts to slow the spread of COVID-19 and boost the state's economy. The group's unanimous approval on Wednesday slated the federal funds for public health, education and...
    By BOB CHRISTIE, Associated Press GLENDALE, Ariz, (AP) — Republican Arizona Rep. David Schweikert has agreed to pay a $50,000 fine and admit to 11 violations to settle a long-running investigation by the U.S. House Ethics Committee. The agreement with Schweikert was announced Thursday. He has been under investigation for more than two years and...
    The House Ethics Committee on Thursday recommended that Rep. David SchweikertDavid SchweikertAmericans need medical expense relief amid COVID-19 uncertainty The Hill's Campaign Report: Physician candidates lean on medical experience amid coronavirus campaigning Doctors boost Democrats' hopes to keep House MORE (R-Ariz.) be fined $50,000 and formally reprimanded by the full chamber for violating campaign finance...
    Introduction Creating a financially secure life can feel like a daunting task that requires the skills of expert mapmaker and GPS programmer. You need to figure out where you are today and where you want to get to. As if that's not a big enough lift, you're then in charge of finding the best route...
    Madrid, Jul 30 (EFE) .- The Ministry of Finance has entered this Thursday in the accounts of the autonomous communities 13,073 million euros, of which 6,000 correspond to the first tranche of the COVID-19 fund and the remaining 7,073 million to liquidation of the regional financing system for the 2018 financial year. This has been...
              Ohio state House Representatives introduced two pieces of legislation Monday that aims to reform state campaign finance laws. These bill proposals come a week after Speaker of the House Larry Householder and four other people were arrested by the FBI. These five men are accused of “worked to...
    By Nate Raymond BOSTON (Reuters) - The former chief executive of specialty finance lender Hercules Capital Inc was sentenced on Wednesday to six months in prison for paying $450,000 to help his daughters gain an unfair edge in the college admissions process. Federal prosecutors in Boston say Manuel Henriquez and his wife, Elizabeth Henriquez, sought...
    Happy Wednesday MarketWatchers. Don’t miss these top stories: Trump says he’ll keep low-income housing out of suburbs as he rescinds Obama-era anti-segregation regulation Housing advocates say the regulation was necessary to combat racial segregation, but Trump says getting rid of it will lead to higher home prices. Republicans want to replace extra $600 unemployment benefit...
    The founder of a Silicon Valley venture capital firm was sentenced Wednesday to six months behind bars for paying about $450,000 in bribes to boost his two daughters’ entrance exam scores and get one of them into Georgetown University as a bogus tennis recruit. Manuel Henriquez, the 57-year-old founder and ex-CEO of Hercules Capital based...
    Interest rates when buying a new car are at a three-year low compared to interest rates for used cars, according to one personal finance website.Here is a quick auto tip: Consider buying a new car as opposed to used because interest rates are at a considerable low, according to WalletHub.com.And when you are financing that...
    This article is reprinted by permission from NextAvenue.org. There’s something curious about mobile and online personal finance apps and websites, sometimes called fintech. They’re not used much by people over 50, especially low-to-moderate income older adults. What I’d tell my fellow 50-plusers: It’s not you, it’s them — the fintech designers and marketers. “Online banking has never been...
    Seahawks get eight-player draft class under contract Jenelle Evans denies that her makeup kits are contaminated with fungus Study: Consumer finance complaints skyrocket during pandemic The role of the Consumer Financial Protection Bureau (CFPB) has come under scrutiny, but it’s still a place for consumers to log complaints against financial institutions. © fizkes /...
    President Trump's reelection campaign violated the law by routing $170 million through conduit firms headed by associates, including former campaign manager Brad Parscale, a nonpartisan ethics watchdog charged in a complaint filed with the Federal Election Commission on Tuesday. The Campaign Legal Center said in an 81-page filing that Trump's campaign and joint fundraising committee...
    MIAMI (CBSMiami) – Many businesses and government agencies are operating on this year’s budget and they have been able to retain employees. But come the next budget year, job cuts might be in order. Dr. Ned Murray, with the FIU Metropolitan Center, said, “260,000 jobs have been lost in Miami-Dade alone. Since March, 266,000.” Murray...
    The Trump administration has awarded Kodak a $765 million government loan under the Defense Production Act to help speed the domestic manufacturing of certain medical drugs. A new division, Kodak Pharmaceuticals, is expected to create 350 jobs, senior administration officials said during a call with reporters Tuesday. The move is billed as part of a...