Money

FinCEN: Billions In Suspicious Money Flows

A shocking new report reveals an underworld of corruption in the world’s banks and how governments allow it to thrive, BuzzFeed News reported.

The Financial Crimes Enforcement Network (FinCEN) uncovered government documents on how giant financial institutions move trillions of dollars in suspicious transactions, padding their bottom line, while terrorists, drug dealers and corrupt politicians are allowed to run free.

FinCEN, a division of the U.S. Department of

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The 2020 Election & Your Money

With the U.S. election on the horizon, many investors may be wondering what they should be doing with their investments before Nov. 3.

What’s Morningstar’s take? Do nothing–or at least do nothing with your portfolio that has anything to do with whom you expect to win. Your time horizon and goals should determine what your portfolio looks like. Who is in the White House should have nothing to do with it.

That being said, investors

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Xbox Series X And Xbox Series S Reportedly Causing Microsoft To Lose Money

KEY POINTS

  • Microsoft recently revealed the prices of the Xbox Series X and Xbox Series S
  • The Xbox Series X retails at $499 while the Xbox Series S retails at $299
  • Microsoft is reportedly selling its next-gen gaming consoles at a loss

A new piece of information surfaced online, claiming that Microsoft is selling Xbox Series X and Xbox Series S at a loss. Microsoft announced earlier this week the official retail price of the

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Top Trump official Seema Verma ‘abused’ government rules by spending $3.5 million in taxpayer money to boost her own profile, according to a congressional investigation



Deborah Birx et al. looking at the camera: Seema Verma, Centers for Medicare and Medicaid Services Administrator Jim Watson/AFP via Getty Images


© Jim Watson/AFP via Getty Images
Seema Verma, Centers for Medicare and Medicaid Services Administrator Jim Watson/AFP via Getty Images

  • Seema Verma, the Centers for Medicare and Medicaid Services chief, “abused the federal contracting process” and “wasted millions of taxpayer dollars,” according to a new congressional investigation. 
  • Verma paid a team of expensive media consultants to help her land high-profile interviews, meet with journalists and lawmakers, and craft written materials. 
  • In one instance, Verma paid
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Don’t waste your money on Tom Brady in Week 1

The 2020 NFL regular season kicks off Thursday night in Kansas City, and if you’re a bettor we’ve got you covered for picks against the spread for every Week 1 game and season win total over/under predictions for every team.





© Provided by For The Win


The game of the week in the NFL’s opening weekend will happen in New Orleans, where Drew Brees and the Super Bowl-ready Saints will take on NFC South rival

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An estimated 9 million low-income Americans are eligible for stimulus checks but haven’t gotten them yet

An estimated 9 million Americans who make less than $12,000 a year may be eligible for pandemic relief checks but haven’t received them yet, and the clock is ticking if they want to get the money this year.

They have until Oct. 15 to claim the payment by registering with the Internal Revenue Service. If they fail to meet the deadline, they’ll have to wait until 2021 to get the payment, according to the IRS.

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Tips From The ‘Friends Talk Money’ Podcast

By Richard Eisenberg, Next Avenue Managing Editor

Getting rid of stuff that’s taking up space in your home can be tough — even for money experts.

That was made painfully clear on the new episode of the “Friends Talk Money” podcast I co-host with Terry Savage (personal finance syndicated columnist and author of “The Savage Truth on Money”) and Pam Krueger (the “MoneyTrack” public television host and founder of the financial adviser vetting firm

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Keenan Allen is Chargers’ money receiver, and that pays off for all

He had just signed a four-year contract extension worth up to $80.1 million.

So, how did Keenan Allen celebrate this week?

“I had a little splurge,” Allen said Thursday. “Not really a splurge, but a Taco Tuesday mixed with a little margarita, you know.”

A toast certainly was earned, the new deal giving Allen the second-highest annual average salary among wide receivers.

In locking down the team’s top pass-catcher, general manager Tom Telesco capped a

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COVID-19: Lottery Market (2020-2024)- Roadmap for Recovery | Growing Use of Lottery Money for Good Cause to Boost the Market Growth

Technavio has been monitoring the lottery market and it is poised to grow by USD 220.52 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200910005587/en/

Technavio has announced its latest market research report titled Global Lottery Market 2020-2024 (Graphic:

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‘He does not deserve to have his entire life destroyed’



Conservative group at Arizona State raises money for alleged Kenosha shooter: 'He does not deserve to have his entire life destroyed'


© Provided by The Hill
Conservative group at Arizona State raises money for alleged Kenosha shooter: ‘He does not deserve to have his entire life destroyed’

A conservative student group called College Republicans United at Arizona State University is raising money for the teen suspected of killing two people and injuring another at a protest in Kenosha, Wis., this week.

“Half of all funds collected this semester for Republicans United will be donated to 17-year-old

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Arizona student group slammed for raising money for gunman

A Republican student group at Arizona State University is receiving backlash for donating money to the 17-year-old gunman who fatally shot two protesters in Wisconsin

TEMPE, Ariz. — A Republican student group at Arizona State University is receiving backlash for donating money to the 17-year-old gunman who fatally shot two protesters in Wisconsin.

College Republicans United announced

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Ditching tax on tech firms will mean less money for key workers, says Labour



Anneliese Dodds smiling for the camera: Photograph: Jane Barlow/PA


© Provided by The Guardian
Photograph: Jane Barlow/PA

Labour has told Rishi Sunak that if the UK Treasury scraps a tax on technology companies such as Facebook, Google and Amazon it would mean losing out on enough money to pay for tens of thousands of key workers in Britain.

The shadow chancellor, Anneliese Dodds, said there were serious questions about a potential multibillion-pound black hole in the Treasury’s finances that needed urgent clarification.

Her intervention

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US Open Tennis 2020: Bracket Predictions, Odds for Top Players, Prize Money Info | Bleacher Report

Novak Djokovic, of Serbia, reacts to winning his match with Milos Raonic, of Canada, during the finals of the Western & Southern Open tennis tournament Saturday, Aug. 29, 2020, in New York. (AP Photo/Frank Franklin II)

Frank Franklin II/Associated Press

Novak Djokovic enters the 2020 U.S. Open in the best form of any player.

The top seed in the men’s singles draw is undefeated in 2020, and thanks to that form, he is an overwhelming favorite to win his 18th Grand Slam title. Djokovic is more than deserving of his status, but he could be susceptible to an upset later in the tournament against one of the rising stars in the

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Home-buying tip: Don’t open new accounts for your down payment savings

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

As a first-time homebuyer, there are a lot of dos and don’ts to the process, and it can be a lot to keep up with. I knew not to open a new credit card or

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Second stimulus check: How soon might the IRS get you your money? We map it out

money-cash-dollars-stimulus-payments-pay-7139

How soon could your second stimulus check come? We lay out some possible dates from the time the bill is passed to when your money could actually arrive.


James Martin/CNET

If the negotiators manage to reach an agreement in the coming weeks, the IRS could still send a second stimulus check to eligible Americans by the end of 2020. What’s more, the paper check, direct deposit or EIP card could arrive faster than the first

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Shipping Lines Learn to Make Money By Balancing Supply and Demand

When countries began locking down their economies early this year in the face of the spreading coronavirus pandemic, the world’s container lines braced for a steep decline in shipping demand. Analysts warned that massive financial losses would soon follow at seagoing companies that carry the lion’s share of global trade.

Trade flows have in fact fallen, but the red ink for shipping lines never came.

Instead, profitability across the business is growing and some operators

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Experts question secrecy of Operation Warp Speed coronavirus vaccine plan

  • The White House is spending billions of dollars on Operation Warp Speed, a project to develop a coronavirus vaccine in record time.
  • But vaccine experts are increasingly critical of the project’s lack of transparency, and fear it may be rushing important clinical trials that test for safety and efficacy.
  • Even if vaccine trials are a success, the plan for how the government plans to distribute hundreds of millions of doses is unclear.
  • View more episodes
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Michigan Democrats claim John James solicited support from ‘dark money’ group

The Michigan Democratic Party filed a complaint alleging Republican U.S. Senate candidate John James attempted to solicit financial support from political organizations Monday.



a man in a blue shirt: Republican Senate hopeful John James met with Kalamazoo Mortgage Hero Salute, on Monday, July 20, 2020. James wrote a $10,000 check to Kalamazoo Mortgage Hero Salute Monday, supplying the nonprofit with funds that will partially go toward a college scholarship.


© Nicole Hester/Nicole Hester/Mlive.com/mlive.com/TNS
Republican Senate hopeful John James met with Kalamazoo Mortgage Hero Salute, on Monday, July 20, 2020. James wrote a $10,000 check to Kalamazoo Mortgage Hero Salute Monday, supplying the nonprofit with funds that will partially go toward a college scholarship.

The complaint is the second charge MDP filed

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Coronavirus: Loan sharks target people with money worries

Ryan Evans fears people will turn to loan sharks for help

Image caption

Ryan Evans fears people will turn to loan sharks for help

Loan sharks are using the financial uncertainty caused by coronavirus to target people struggling to make ends meet.

The Wales Illegal Money Lending Unit is worried about the end of mortgage and credit card repayment holidays along with the furlough scheme.

The unit deals with dozens of reports of illegal lending every year, but very few loan sharks are ever prosecuted.

That

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Citigroup Gets Freeze on Brigade Money in $900 Million Error

(Bloomberg) — Citigroup Inc. scored a temporary court order freezing $175 million that Brigade Capital Management LP declined to return after the bank accidentally transferred more than $900 million to Revlon Inc. lenders.



a close up of a sign: The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup Inc. bank branch in San Francisco.


© Photographer: David Paul Morris/Bloomberg
The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup Inc. bank branch in San Francisco.

The order followed a hearing Tuesday in which the bank and the hedge fund faced off

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