Some things become relevant while people are still waiting to see if they ever will, and cryptocurrencies are one of those things.
For years attention to them has ebbed and flowed like that paid to a Powerball lottery: When the jackpot has been high — as measured primarily by the trading price of the most dominant such currency, Bitcoin — interest has been, too. But when Bitcoin's value has dropped — as it has several times, precipitously — then the going wisdom has been that crypto is at best a fad or a tool for those engaged in activities they'd rather hide.
Money Market Funds Melted in Pandemic Panic. Now They're Under Scrutiny. - The New York Times
The Federal Reserve swooped in to save money market mutual funds for the second time in 12 years in March 2020, exposing regulatory shortfalls that persisted even after the 2008 financial crisis. Now, the savings vehicles could be headed for a more serious overhaul.
The Securities and Exchange Commission in February requested comment on a government report that singled out money market funds as a financial vulnerability — an important first step toward revamping the investment vehicles, which households and corporations alike use to eke out higher returns on their cashlike savings.
Restaurants still waiting on relief money from Feds. Will it be enough? - The Business Journal
The Small Business Administration announced it will soon be getting relief funds out to the industry many considered the most impacted by Covid — restaurants. But as restaurant owners wait for the application process to open up, some fear the money will run out before restaurants get their relief.
The American Rescue Plan Act allocated nearly $10 billion to be distributed to restaurants whose incomes were affected by mandated stay-at-home orders. Money to restaurants would be distributed throughout the SBA equal to the amount of the revenue loss — minus any money received from the two rounds of Paycheck Protection Program — up to $10 million per business with no more than $5 million per location.
The First Rule Of Money Management: Know Who To Trust
When he passed away last week, Bernie Madoff still had 139 years left on his prison sentence. Anyone over the age of 30 remembers the story—Madoff swindled thousands of investors for billions of dollars, running one of the most elaborate Ponzi schemes in history.
In an ideal world, Madoff's conviction would have been the ultimate deterrent for fraudsters, purging the investment world of swindlers and schemes. Then investors could easily trust advisors with intelligent strategies, good credentials, and a strong pitch.
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Five Charged in Offering Fraud, Stock Manipulation, Money Laundering | Chief Investment
Five people have been charged in federal court for their alleged involvement in two securities fraud schemes. According to prosecutors, the schemes involved an offering fraud of a Texas-based oil and gas company and the attempted manipulation of a cannabis company's publicly traded stock.
"Through a web of related schemes, Sterritt and his co-defendants allegedly stole millions of dollars from investors, attempted to manipulate a publicly traded stock and laundered the proceeds of their crimes through the purchase of luxury items like a Bentley," Mark Lesko, acting US attorney for the Eastern District of New York, said in a statement.
Dogecoin and the New Meaning of Money
In that sense, dogecoin’s wild ride encapsulates an important moment in human history. Society’s traditional “story” of money is breaking down, where new, head-scratching concepts like SPACs (special purpose acquisition companies) and NFTs (non-fungible tokens) are flourishing, and where fun and games and mob-buying can overwhelm markets.
Doge is part of an intense competition for meaning within the world of money, a testament to the 21st century power shifts fueled by two separate financial crises and by the rise of social media networks. Let’s explore them.
The Stock Market Has More to Gain, Says Barron's Big Money Poll | Barron's
One year ago, U.S. stocks were just beginning to recover from the swiftest and deepest selloff in modern memory. Today, after a vertiginous rally, they are trading near all-time highs. Yet, the nationwide rollout of Covid-19 vaccines, the persistence of ultralow interest rates, and expectations for torrid economic growth have convinced America's money managers that the stock market still has more room to rise.
Goodman Center partners with 7 restaurants to save money
The Goodman Center is pushing for Madisonians to dine in at local restaurants in order to help pay for their programming.
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Opinion: Why you should plan to leave money to your kids - MarketWatch
No, your kids did not pay me to write this. Heck, I don't know if they even deserve to get an inheritance.
When you're planning (and managing) your retirement finances, arguably your most important goal should be to avoid running out of money.
Financial planners of all stripes tend to recommend annual withdrawals of 3% to 5% of your portfolio's value. If you can meet your needs taking out 3%, you're in very little danger of running out of money.
Happening on Twitter
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Life changing money that will be supporting small businesses in Butte County very soon! Thank you @Jeopardy # https://t.co/uysYA1rSOH AaronRodgers12 (from Titletown, USA) Fri Apr 16 23:58:20 +0000 2021
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