Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wedne...
Tag: Products and Services
The biggest risks of using fitness trackers to monitor health
Fitness trackers, which help keep tabs on sleep quality, heart rate and other biological metrics, are a popular way to help Americans improve their health and well-being. There are many types of trac...
Fake billionaire Justin Costello co-defendant settles SEC complaint
Zoom In IconArrows pointing outwards FBI Poster for Justin Costello FBI The Securities and Exchange Commission has agreed to settle a civil lawsuit against a man accused of five separate penny stock p...
5 red flags to spot student loan forgiveness application scams
Win-initiative/neleman | Stone | Getty Images The Biden administration officially launched the application for federal student loan forgiveness on Monday — and scammers are already “on the move&...
What to look for in your credit report to lower borrowing costs
vitapix | E+ | Getty Images Your credit score can make or break your ability to open a credit card or buy a new car or home at attractive interest rates. To boost your score, you need to know where yo...
Ford asks dealers to invest in EVs as it chases Tesla-like profit
Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reut...
Scammers leverage student loan forgiveness, FTC says. Here’s how to protect yourself
President Biden this week announced a long-awaited plan to forgive student debt for millions of borrowers — and criminals will likely leverage the news to steal from unsuspecting victims, the Federal ...
Gov Newsom declared a state of emergency over Oak Fire in California
A structure burns behind a charred vehicle on Jerseydale road during the Oak Fire in Mariposa County, California, US, on Saturday, July 23, 2022. David Odisho | Bloomberg | Getty Images California Gov...
Coinbase blasts SEC over insider trading case
Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase pushed back on claims f...
Debt collectors’ ‘pay-to-pay’ fees ‘often illegal’: watchdog agency
Anchiy | E+ | Getty Images Certain “junk” fees often levied by debt collectors are illegal under federal law, the Consumer Financial Protection Bureau said Wednesday. Debt collectors charg...
CFPB may limit credit card late fees as inflation threatens to raise them
Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on April 26, 2022. Tom Williams | Cq-roll Call, Inc. ...
SEC issues investor protection rule charges. How to find a good advisor
Finding a broker or financial advisor you can trust may, at times, seem a daunting task. That’s especially true when investors see sensational stories of brokers fleeing the police in an underwa...
NHTSA data shows Tesla accounts for most driver-assist crashes
The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021. NTSB Tesla vehicles h...
Ford issues stop-sale of Mustang Mach-Es due to potential safety defect
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor is instructin...
Buy now, pay later loans make it tough to get a handle on your credit
Payment history often not reported BNPL companies generally don’t report to the credit-scoring companies when consumers use these loans. That makes it a challenge for a lender to know how many l...
Judge dismisses Trump lawsuit against New York Attorney General James
Former U.S. President Donald Trump looks on during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedmin...
Baby formula shortage is bringing out scammers, FTC warns
Sod Tatong | Moment | Getty Images Scammers are exploiting a nationwide baby formula shortage, tricking consumers into paying hefty prices through fraudulent online stores, the Federal Trade Commissio...
GM expects record year of Chevy Bolt EV sales following fire recall
2022 BOLT EUV Source: Chevrolet DETROIT – General Motors expects sales of its electric Chevrolet Bolt models can rebound from a high-profile recall after several vehicles caught fire to achieve record...
Most medical debt to come off credit reports. What to do if it doesn’t
Maskot | Maskot | Getty Images If you have medical debt weighing down your credit score, it may be wiped off your credit report in a few months. Yet before you cheer the good news, first make sure you...
VW recalls 246,000 Atlas SUVs due to issue with airbags, brakes
Volkswagen recalled 246,000 Atlas and Atlas Cross Sport SUVs in the U.S. and Canada because of a wiring issue that could cause problems with the airbags, windows and brakes of the cars. Damage to the ...
U.S. clears way for driverless vehicles without steering wheels
DETROIT – Federal vehicle safety regulators have cleared the way for the production and deployment of driverless vehicles that do not include manual controls such as a steering wheel or pedals. The U....
Consumers lost $5.8 billion to fraud last year — up 70% over 2020
krisanapong detraphiphat | Moment | Getty Images American consumers reported losing more than $5.8 billion to fraud last year, up from $3.4 billion in 2020 (an increase of more than 70%), the Federal ...
Fatburger parent’s stock craters after company discloses investigation into CEO
Pakistani customers eat at a Fatburger outlet in Karachi, Pakistan. Rizwan Tabassum | AFP | Getty Images Shares of Fat Brands cratered more than 20% on Tuesday morning after the Fatburger and Johnny R...
Tesla CEO Elon Musk accuses SEC of leaking information
Maja Hitij | Getty Images News | Getty Images Tesla CEO Elon Musk, via his attorney, accused the Securities and Exchange Commission of leaking information about a federal investigation in order to ret...
Tesla to recall FSD Beta software that let drivers roll past stop signs
Tesla will recall software from 53,822 of its Model S, X, 3 and Y vehicles in the U.S. to eliminate a feature that let cars automatically roll through stop signs, according to records published today ...
California finds PG&E equipment responsible for massive Dixie Fire
Cal Fire firefighters try to contain the fire from spotting across Highway 395 during the Dixie Fire on August 17, 2021 near Milford, California. Patrick T. Fallon | AFP | Getty Images Pacific Gas &am...