Month: December 2022

FTX co-founder Sam Bankman-Fried is escorted out of the Magistrate’s Court on December 21, 2022 in Nassau, Bahamas.  Joe Raedle | Getty Images FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison both pleaded guilty to federal charges in the Southern District of New York, U.S. Attorney Damian Williams said in a message
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Sporrer/Rupp | Image Source | Getty Images Participation in workplace retirement plans may soon be expanded, thanks to new efforts from lawmakers on Capitol Hill. A group of retirement provisions, dubbed “Secure 2.0,” have been included in the government spending bill for the 2023 fiscal year. related investing news Americans need to save more for
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In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and closing some offices in the face of softening global demand. It also raised package-delivery
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wdstock | iStock Editorial | Getty Images People owed a piece of the $2 billion that Wells Fargo has agreed to pay to customers affected by some of its banking practices could soon receive those funds. The nation’s fourth-largest bank reached a settlement with the Consumer Financial Protection Bureau, announced Tuesday, to resolve customer abuses
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Key Takeaways Disney stock has plummeted almost 45% so far this year, which is looking set to be the worst performance since 1974. The latest fall has come after the opening weekend of Avatar: The Way Of Water fell short of huge opening weekend expectations. Disney is under pressure from many fronts, with its streaming
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Welcome to the Tax Policy Center’s annual Lump of Coal Awards for the worst tax ideas of 2022. Since it was an election year in the US and elsewhere and a year of eventful tax legislation, we were left with many misbegotten ideas to choose from. Here are 10 of the worst. 10. Rapping your
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In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT Nike on Tuesday reported quarterly results that easily topped Wall Street’s expectations while raising its outlook, as the company touted its success in clearing through its hefty inventory pile. Shares of Nike rose more than 10% in off-hours trading. related investing news Pro Picks: Watch
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Chinese e-commerce giant Alibaba was one of the 100 over companies that had faced the risk of delisting in the U.S. in 2024 if their audit information was not made available to PCAOB inspectors. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Investors could regain the confidence to put their money in Chinese
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Bill Koplitz | Moment | Getty Images Another round of changes to the U.S. retirement system appears to be on its way. A collection of retirement-related provisions known as “Secure 2.0” is included in a 4,100-page, $1.7 trillion spending bill — which would fund the government for the 2023 fiscal year — that was unveiled
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