Raphael Bostic, the president of the Atlanta Federal Reserve, anticipates only one cut to U.S. benchmark interest rates later this year, which represents a change in outlook from the two he previously projected, in the face of persistent inflation and a series of stronger-than-expected economic data, Reuters news agency reported. "I'm definitely less…
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SUMMIT COUNTY, Utah— Kouri Richins, a Utah woman who is accused of killing her husband in 2022, is now facing several new fraud-related charges. She was charged in 2023 with aggravated murder and other offenses in connection with the death of her husband, Eric Richins. Prosecutors allege that Richins applied for a mortgage in 2021, in which she claimed a balance of…
Former President Trump said Monday he will pay a $175 million bond set by a New York appeals court in his civil fraud case. A five-judge state appeals court panel in a Monday ruling said it would pause the enforcement of the $464 million judgment against Trump, the Trump Organization and top executives, with interest, if they post a $175 million bond within 10 days.
Amazon's battle against counterfeiting on the platform resulted last year in the identification or seizure of seven million products worldwide, one million more than in 2022, according to the company's data, which detected 700,000 attempts to create new fraudulent accounts, compared to six million attempts in 2020, when the company launched a specific…
A former New Jersey resident was charged with various federal crimes last week after he allegedly scammed people out of millions of dollars in multiple scams, including an investment scheme in which he spent portions of the money on vacations and school tuition for his children. Princeton, with 14 counts of wire fraud, three counts of aggravated identity theft,…
A look at the timeline of Ken Paxton's securities fraud charges that have followed him from the Texas House to the state attorney general's office.
The judges Claudia Zalazar and Joaquín Ferrer evaluated whether the ordinary or federal courts had jurisdiction to resolve the case, since it was an abbreviated trial for damages arising from the dissociation of the defendant from the plaintiff, due to alleged misrepresentation of the sworn statement.
State caps on insulin costs lowered privately insured patients' out-of-pocket spending, but they didn't appear to increase insulin use, according to a new Annals of Internal Medicine study. Why it matters: The research suggests increasingly popular insulin caps alone aren't enough to improve insulin uptake among patients with diabetes in commercial insurance.At least half of states…
There's a popular meme floating around on social media that states, "I have enough money saved to live comfortably for the rest of my life. If I die by Thursday. " According to Vanguard's "How Americans Save 2023" report, the average retirement savings in the U.S. by age are as follows:.
At age 60, you're not too far from retirement. In fact, the average retirement age is 61, although there are plenty of Americans who continue working into their late 60s and beyond. It's always important to know whether you're on track with your retirement savings. That's especially true as you reach your 60s, since you're getting close to the end of your career. If you're trying…
Saving for a downpayment can be a struggle, especially for first-time homebuyers. Sometimes, it can make sense to dip into retirement accounts.
With tax season drawing near, many people are looking for strategies to either minimize their tax liability or maximize their tax refund.
Last April I opened a certificate of deposit with Marcus, the online bank of Goldman Sachs. The one-year rate was 4.75 percent. The high interest rates the Federal Reserve unleashed to rein in inflation have been painful for consumers and businesses.
The Federal Reserve stayed the course, announcing that it would do nothing with interest rates but still plans to begin reducing them sometime this year. On Wednesday, the central bank announced it would maintain the federal funds rate at 5.25% to 5.5%. Fed Chair Jerome Powell said that the central bank will continue to monitor inflation and other economic…
That was when investors became convinced the Federal Reserve was done raising interest rates. The Standard& Poor's 500 is up 27 percent since its Oct. 27, 2023, closing low. Fed Chairman Jerome Powell said on Wednesday the central bank still expects to cut rates this year, maybe as many as three times on the expectation inflation is sustainably on its way to 2% a year.
A federal judge in Texas dismissed charges Wednesday against a Hoboken man with hundreds of thousands of social media followers who was accused of participating in a“ pump and dump” stock market scheme, his attorneys said. The judge ultimately ruled his online conduct did not constitute a crime and concluded that Hennessey did not deprive investors of their…
A group of politically connected lawyers formed a venture to go after insurers and made millions from one of the largest Medicaid settlements in history. Above, Centene Corporation headquarters in Clayton, Missouri. (Jeff Roberson/Associated Press) .singleRepublisherRow {display:none;} Shalina Chatlani examined the health care system in Mississippi as a part of The New York…
The U.S. economy has been surprising the markets for quite some time. Although 2023 began with fears of recession as a result of higher interest rates- which generated serious problems in the banking industry-, the country has finally grown by 2.5%, with a stock market rise of almost 14%. Additionally, an eventual victory of Donald Trump, with his proposals for new…
Des Moines is more flood resilient than just a few years ago, public works director Jonathan Gano told the City Council during a presentation last month.Why it matters: Homes and businesses are better protected against floods, which have caused billions of dollars in damage and multiple deaths caused by metro-area floods in recent decades.Driving the news: Flood insurance will no…