The feds have charged a former top banker at Goldman Sachs and JPMorgan Chase with bilking investors out of more than $4 million — then gambling it all away while claiming he was building a cryptocurrency startup. Richard Kim, who had served as Goldman’s chief operating officer of global foreign exchange and emerging markets trading
PORTLAND, Maine (AP) — A network of clinics that provides health care in Maine asked a judge Thursday to restore its Medicaid funding while it fights a Trump administration effort to keep federal money from going to abortion providers. President Donald Trump’s policy and tax bill, known as the “ big beautiful bill,” blocked Medicaid
South Korean President Lee Jae Myung delivers a speech during a press conference to mark his first 30 days in office at the Yeongbingwan, the state guest house of the Blue House, in Seoul in early July. File photo by Kim Min-Hee/EPA/Pool Aug. 14 (UPI) — The South Korean government will hold a special event
For years, quantum computing has been the subject of conference panels, research papers and visionary talks. It has fascinated technologists and futurists alike, yet for many in financial services it still feels like tomorrow’s problem. That assumption is about to change. Quantum computing is moving at a pace that would surprise even its early champions.
When Plaid launched in 2013, its aim was to better integrate banking with the internet. Now, a dozen years later, the fintech giant connects more than 10,000 U.S. banks and financial institutions to apps such as Venmo, SoFi, Crypto.com, Acorns, Robinhood, H&R Block and Citi. It’s fundamentally transformed the way Americans move, save and invest
Meta’s Zuckerberg bets hundreds of billions on AI data centers Mark Zuckerberg said on July 14, 2025, that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers. Julian Satterthwaite reports.
After five years of litigation with the U.S. Securities and Exchange Commission, crypto company Ripple Labs and its founder, Chris Larsen, are walking away with a far better outcome than they once faced. A possible $2 billion fine was walked back to $125 million last week, the SEC announced Thursday. This decision was “a long
6 terms to know before you start house hunting In the housing market, here are some terms to know before you jump in and get your heart set on a dream home. For more information, visit the Federal Trade Commission website, FTC.gov. Capitol Federal Savings Bank is shifting its focus from home mortgages to commercial
A new Trump executive order would potentially open the door for millions of employees saving for retirement — including on Long Island — to invest their funds in alternative plans, a move that local experts said could benefit younger and wealthier investors but pose risks for those nearing retirement. In an executive order issued Thursday, President Donald Trump said he wanted to democratize access for Americans by allowing
President Donald Trump signed an executive order easing access to private equity, real estate, cryptocurrency and other alternative assets in 401(k)s, a major victory for industries looking to tap some of the roughly $12.5 trillion held in those retirement accounts. Trump signed the order Thursday, according to the White House. It directs the Labor Department