March 29, 2024
Crypto

FTX founder Sam Bankman-Fried sentenced to 25 years in prison

NEW YORK (AP) — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Though he described Bankman-Fried as “extremely smart,” U.S. District Judge

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Funds

This Top International Fund Is Snapping Up Japan Stocks

A well-articulated sell strategy—and the discipline to stick with it—are among the most important qualities a patient investor can have, but they’re often overlooked. Most investors can explain why they bought a stock, but few can say, before they buy a stock, what would cause them to sell it. The managers of the MFS International

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Finance

Thousands of financial aid applications need to be fixed after latest error

WASHINGTON (AP) — The U.S. Education Department said it has discovered a calculation error in hundreds of thousands of student financial aid applications sent to colleges this month and will need to reprocess them — a blunder that follows a series of others and threatens further delays to this year’s college applications. A vendor working

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Finance

New finance minister says Pakistan will seek a long-term IMF loan to stabilize the economy

Pakistan’s newly appointed finance minister says the country plans to seek a long-term loan from the International Monetary Fund to help stabilize the country’s ailing economy after the end of the IMF’s current $3 billion bailout package March 22, 2024, 9:58 AM ET • 2 min read ISLAMABAD — Pakistan plans to seek a long-term

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Funds

The Fed’s High Interest Rates Are Helping Pension Funds Close the Gap

This is commentary by Allan Sloan, an independent business journalist and seven-time winner of the Loeb Award, business journalism’s highest honor. We hear lots of talk about the problems that high interest rates have been causing since the Federal Reserve began jacking up rates two years ago. We also hear endless talk from people waiting

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Investment

5 Ways to Cut Your Taxes on Income Investments

Tax day is almost here, and, thanks to higher interest rates, many investors are finding they earned a lot more income from their portfolios in 2023—and now they owe the government a piece of it. “That’s a good thing,” says Mary Ellen Stanek, co-chief investment officer at Baird Asset Management. “But it means investors need

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Investors

Should Investors Buy Bitcoin ETFs? Financial Advisors Weigh In.

How are financial advisors feeling about Bitcoin these days? In years past, many have expressed deep skepticism, citing price volatility, regulatory uncertainties, and even cryptocurrencies’ use in criminal activities. While plenty of doubts remain, the landscape has changed. In January, the Securities and Exchange Commission approved 11 spot Bitcoin ETFs. Two of the biggest, BlackRock’s

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Funds

Idaho considers a ban on using public funds or facilities for gender-affirming care

Idaho lawmakers are expected to vote on a bill that would ban the use of any public funds for gender-affirming care, including for state employees using work health insurance and for adults covered by Medicaid By REBECCA BOONE Associated Press March 18, 2024, 12:03 AM ET • 4 min read BOISE, Idaho — Idaho lawmakers

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Funds

These Mutual Funds Target Seniors Worried About Outliving Their Savings

Figuring out how much you can safely spend each year is an especially fraught question for retirees worried about outliving their savings. Life span and health status are variables no one can plan for. Despite saving consistently and investing diligently over a lifetime, retiring into a market downturn or unexpectedly needing expensive medical treatment can

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Loans

Energy Department conditionally approves $2.26 billion loan for huge lithium mine in Nevada

RENO, Nev. (AP) — President Joe Biden’s administration has conditionally agreed to loan more than $2 billion to the company building a controversial lithium mine in Nevada with the largest known U.S. deposit of the metal critical to making batteries for electric vehicles key to his renewable energy agenda. The U.S Energy Department agreed on

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