Reuters. File photo. A woman walks past JPMorgan Chase Bank in New York’s Times Square. SHANGHAI (Reuters) – JPMorgan Chase (N:) will pay $1 billion for full ownership of its China mutual fund business, analysts said in a statement on the Shanghai Union Property Exchange on Tuesday, a priceRead More →
The United States’s Securities and Exchange Commission, or SEC, has filed a proposal for final court judgement in regard of the terminated Telegram Open Network project. In a proposed final judgment filed on June 25, the SEC has asked the New York Southern District Court to order million dollar penaltiesRead More →
JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Originally filed in 2018, the suit alleges that the bank overcharged customers for buying cryptocurrencies using Chase credit cards, classifying the purchases as cash advances. JPMorgan Settles a Crypto Class Action Lawsuit JPMorgan Chase allegedlyRead More →
A novel cryptocurrency project called PornVisory plans to reward its users with tokens for watching porn on its platform. PornVisory’s founder, Veronica Noschese, explained to Cointelegraph that there’s a natural synergy between the cryptocurrency and pornography industry, which desperately needs anonymous financial systems. As examples, Noschese pointed to PayPal banning PornhubRead More →
Dear Catey, I am a 40-year-old law-enforcement officer and hope to retire in 13 or 14 years. At that time, I will have 30-plus years on the job with a pension giving me 70% of my current income with a cost-of-living annual percentage increase around 2% or 3%. Additionally IRead More →
The human mind often works in fascinating ways that can help or hurt investors. If someone has to deliberately take action in order to participate in something, they are far less likely to do so than if they were signed up automatically with the option of not participating. This opt-in/opt-outRead More →
© Reuters. First Solar to pay $350 million to end shareholder lawsuit, avert trial (Reuters) – First Solar Inc (O:) said on Monday it agreed to pay $350 million to settle a long-running shareholder lawsuit accusing the solar panel maker of inflating its stock price by concealing design defects andRead More →
Dear Moneyist, My brother refuses to work and will now inherit his late girlfriend’s estate with whom he resided for many years and for whom he is the only designated heir. He has not held down a job in years. He will receive a home and car, amounting to perhapsRead More →
Start your weekend with something that may well bring a smile to your face: a simple and realistic way to earn $100,000 a year and not pay any federal income taxes. MarketWatch’s retirement series goes to Bali This time, Catey Hill’s popular series on retirement destinations lands on an islandRead More →
© Reuters. Samsung Heavy Industries to pay $75 million to resolve foreign bribery case: U.S. WASHINGTON (Reuters) – Samsung (KS:) heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribesRead More →
MarketWatch photo illustration/iStockphoto, Getty Images Bill Gates’s fortune would take a tax hit under Sen. Elizabeth Warren’s tax plan — what would that mean for his philanthropic goals? Bill Gates, co-founder of Microsoft MSFT, +1.18% and a philanthropist behind the world’s largest charitable foundation, said Wednesday he would mull overRead More →
Sen. Elizabeth Warren has set her sights on taxing the ultra-rich if she’s elected president, but she’s made at least one thing easier for some of them: A one-click shortcut to see just how much they’d pay. The Democratic presidential candidate on Thursday posted a “Calculator for the Billionaires” onRead More →
A three-year supply of Suboxone, a drug combatting opioid dependency, to two Ohio counties is one part of a $260-million settlement that drug distributors and a drugmaker reached this week to avert charges that companies enabled the opioid crisis. A 10-year national supply of the drug is just one partRead More →
Dear Moneyist, My dad is downsizing and moving into a condo before marrying his lady friend. He has told my brother and me that he wants her to live out her life in the condo should he pass away before her. That shouldn’t be a problem if neither of themRead More →
© Reuters. Striking United Auto Workers (UAW) members rally in front of General Motors World headquarters in Detroit By Paul Lienert and David Shepardson DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Thursday workers at General Motors Co (NYSE:) will stay off the job while they vote onRead More →
By David Shepardson WASHINGTON (Reuters) – The United Auto Workers union said Saturday it will boost strike pay for 48,000 hourly workers at General Motors Co (N:) by $25 a week to $275 as a strike against the largest U.S. automaker nears the end of its fourth week. Talks wereRead More →
© Reuters. Johnson and Johnson logo is seen at an office building in Singapore By Brendan Pierson and Nate Raymond NEW YORK (Reuters) – Johnson & Johnson (NYSE:) must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warnRead More →
© Reuters. FILE PHOTO: The logo of Ikea is seen outside the Ikea Concept store, run by Inter Ikea brand and concept in Delft By Foo Yun Chee BRUSSELS (Reuters) – IKEA brand owner Inter IKEA could be ordered to pay millions of euros in Dutch back taxes by theRead More →
Dear Moneyist, I met my husband 17 years ago online. We have been married for 15 years and have a 12-year-old son. I am from another country, and my husband sponsored me to come to the U.S. I already had a business degree from my home country. But I haveRead More →
© Reuters. The company logo for Johnson & Johnson is displayed on a screen to celebrate the 75th anniversary of the company’s listing at the NYSE in New York (Reuters) – Johnson & Johnson (N:) said on Tuesday it will pay $20.4 million to settle claims by two Ohio countiesRead More →
Dear Moneyist, Last year, my husband and I divorced after nearly 25 years of marriage. We had been separated for many years prior to the divorce. We have a very nice 22-year-old son who is a senior in college. We all live in New York, although my son might moveRead More →
© Reuters. Marvell Technology to pay $5.5 million to settle disclosure-related charges: SEC WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Monday that Marvell Technology Group Ltd (O:) will pay $5.5 million to settle charges it misled investors when it orchestrated a scheme to “pull in” salesRead More →
Dear Moneyist, This is something I have not shared with anyone until now. I am embarrassed because my family, friends and colleagues view me as a very intelligent person. I act like someone who has it all together, but deep down I feel otherwise. I have lived with my husbandRead More →
Want to pull in a nice salary in the fast-growing medical field — but do it without medical school student loans? Some good options were tucked inside new employment projections the Bureau of Labor Statistics released Wednesday. Between an aging population and rising demand to treat people with chronic conditions,Read More →
Black women pay an especially steep price for being on the wrong side of the pay gap. A black woman will miss out on $946,120 during a 40-year career if they continue to make 61 cents for every dollar a white man makes, according to new estimates from the NationalRead More →
