Thursday, September 23, 2021

Shares Of Money-Transfer Fintech Remitly Rise 13% In IPO, Valuing It At $7.8 Billion

Remitly cofounders Shivaas Gulati, Matt Oppenheimer and Josh Hug founded the company 10 years ago in ... [+] Seattle.

The 10-year-old business was founded by former Barclay's banker Matt Oppenheimer, 39, entrepreneur Josh Hug, 43, and engineer Shivaas Gulati, 33. Its early venture capital investors included Nigel Morris at QED and Jeff Bezos' personal fund, Bezos Expeditions.

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Publisher: Forbes
Date: 2021-09-23
Author: Jeff Kauflin
Twitter: @forbes
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Cryptocurrencies, Digital Dollars, and the Future of Money | Council on Foreign Relations

In the span of a few years, cryptocurrencies have grown from digital novelties to trillion-dollar technologies with the potential to disrupt the global financial system.

Financial regulators are now scrambling to respond. Regulations vary considerably around the world, with some governments embracing cryptocurrencies and others banning or limiting their use. Central banks around the world, including the U.S.

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Publisher: Council on Foreign Relations
Date: 846D62D6CE4E94B1C328BE585F36F0DE
Author: author anshu siripurapu tag technology and innovation tag cryptocurrencies and blockchain technology tag monetary policy tag international finance tag banking tag united states
Twitter: @CFR_org
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How Afghanistan's money exchangers "grease the economy" - Marketplace

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It’s been nearly five weeks since the Taliban captured Afghanistan's capital city of Kabul, and the economic consequences are threatening the banking system in the cash-strapped country.

Publisher: Marketplace
Date: 2021-09-24T01:02:44-07:00
Twitter: @Marketplace
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Simple stategies to help you save money

Staying on top of your budget and making the best financial moves to align with your goals is daunting, but there are simple steps you can take to save.

Sorry New Yorkers, when it comes to saving money, we stink.

According to a recent study by MagnifyMoney , a financial services website, New York ranked the third-worst state for socking away money.

It could be worse. Our friends in the Lost Frontier finished dead last.

Publisher: Times Union
Date: 2021-09-23 14:00:00
Author: Shannon Fromma
Twitter: @TimesUnion
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13 Best Fall 2021 Money Resolutions To Make: It's Not Too Late To Get Started |

Typically we think of making resolutions at the dawn of a new year, but financial experts reason that autumn is actually an ideal time to work on new financial goals.

Be Aware: 25 Things You Should Never Do With Your Money
Read More: Prices Surge 5% as Inflation Rises with No End in Sight

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Publisher: GOBankingRates
Date: 2021-09-23T14:00:17Z
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You could be missing out on money if the IRS doesn't know you moved. Here's why - CNET

If you're expecting a stimulus payment or tax refund by mail, make sure your current mailing address is correct.

This may be the case for millions of parents who are still waiting for their monthly advance child tax credit payments that started in July. Parents without accurate direct deposit information on file will get their checks mailed to the address on file with the IRS, not the USPS.

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Publisher: CNET
Author: Katie Teague
Twitter: @CNET
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The Government Gave Free PPP Money to Public Companies Despite Warning Them Not to Apply —

"This was a program designed for small businesses," then-Treasury Secretary Steven Mnuchin said , as companies like Shake Shack and Potbelly made headlines for grabbing millions from the newly created Paycheck Protection Program.

House Minority Leader Kevin McCarthy was even clearer. "We will go after those big companies that cheat the system," he told Fox News that spring.

Publisher: ProPublica
Author: Lydia DePillis
Twitter: @propublica
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U.S. Solicits Public Feedback on Anti-Money-Laundering Rules for Antiquities Dealers - WSJ

The U.S. Treasury Department has begun the process of extending anti-money-laundering requirements to antiquities dealers, part of an effort to plug a longstanding hole in U.S. laws that guard against financial crimes.

The department's Financial Crimes Enforcement Network, or FinCEN, issued a notice on Thursday asking the public for feedback about the prospective rules, which were mandated by Congress as part of an anti-money-laundering reform law passed in January.

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Publisher: WSJ
Date: 2021-09-24T00:04:00.000Z
Author: Dylan Tokar
Twitter: @WSJ
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How do influencers make money? And how much? She'll tell you

Last summer, Lynette Adkins was a fresh college graduate starting a corporate career at Amazon that she thought would be her ticket to financial freedom — the kind that seemed out of reach growing up in her middle-class family.

Today, 23-year-old Adkins earns double as a self-taught content creator what she made at Amazon Web Services marketing cloud products.

Twitter: @Yahoo
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SAVING MONEY AND STAYING SAFE: newly proposed budget amendment has lofty goals for Duluth

DULUTH, MN -- Several Duluth city councilors and other city officials proposed a big budget amendment on Thursday at City Hall.

According to a recent state auditor, Duluth's police department ranks last in the state of Minnesota in wages paid.

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Publisher: KBJR
Date: 2021-09-24T00:02:35 00:00
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