US sanctions fundraisers for extremist West Bank settlers who commit violence against Palestinians

apnews.com The Biden administration on Friday imposed sanctions on two entities accused of fundraising for extremist Israeli-occupied West Bank settlers who have harassed and attacked…

Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief

cnbc.com A version of this article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive…

US Imposes Fresh Sanctions on Iran Over Israel Drone Barrage

youtube.com The US imposed fresh sanctions on Iran over its April 13 strike on Israel, targeting 16 people and entities including a company that helped make engines for the type of…

McHenry Proposes Office to Regulate Financial Regulators

pymnts.com House Republicans think America’s financial oversight bodies need some oversight of their own. U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services…

Biden imposes new sanctions on Iran after drone and missile attack on Israel

nbcnews.com The Biden administration on Thursday announced new sanctions on Iran targeting its missile and drone program after its attack on Israel last weekend. President Joe Biden…

JPMorgan Chase Continues AI Rampage with Volatility Prediction Patent

thedailyupside.com JPMorgan Chase wants to read the stock market’s tea leaves even more closely. The financial institution is seeking to patent a system for assessing “merger and acquisition…

U.S. sanctions target Iran’s drone production over attack on Israel

washingtonpost.com The Treasury Department on Thursday officially announced new sanctions on Iran in retaliation for its attack against Israel, as the Biden administration seeks an economic…

Biden admin unveils new sanctions on Iran for "unprecedented" attack on Israel

axios.com The Biden administration on Thursday imposed new sanctions on Iran's drone, steel and auto industries, the Treasury Department announced. The big picture: The Biden…

Senator Warren wants to extend anti-money laundering rules to crypto miners and validators

cryptoslate.com US Senator Elizabeth Warren said any new crypto regulation, including the newly proposed regulatory framework for the stablecoin market, must include the full suite of…

The Morning Risk Report: In Win for Workers, Supreme Court Opens Door to More Discrimination Claims

createsend.com Good morning. The Supreme Court made it easier Wednesday for workers to bring claims challenging job transfers as discriminatory, ruling that allegations of illegal…

Biden administration reinstates sanctions on Venezuelan oil

thehill.com The Biden administration is reimposing sanctions on Venezuelan oil, it announced on Wednesday. Officials said on Wednesday that Venezuela has not progressed enough toward…

America’s debt problem is storing up trouble for the rest of the world

aol.com The high and rising level of US government debt risks driving up borrowing costs around the world and undermining global financial stability, the International Monetary Fund…

US Prepares To Reimpse Venezuela Oil Ban As Biden Seeks Scapegoat To Resume Draining SPR

zerohedge.com US Prepares To Reimpse Venezuela Oil Ban As Biden Seeks Scapegoat To Resume Draining SPR For much of the past year, we had joked that behind the facade of western Democratic…

Rights, Reason, Revolution: In DC at the Bitcoin Policy Summit

bitcoinmagazine.com In the whirlwind of April 2024, with Bitcoin ETFs dominating headlines and halving celebration planning in full swing, the Bitcoin Policy Summit emerged as a pivotal moment…

IMF Raises Concerns Over US Debt: 'Something Will Have To Give'

benzinga.com The International Monetary Fund (IMF) has recently raised alarms over the fiscal health of the United States, with potential repercussions for the global economy. What…

‘Something will have to give’: IMF sounds alarm on US debt

thehill.com The International Monetary Fund (IMF) warned Tuesday that America’s recent economic performance is partially the result of the country’s unsustainable fiscal practices,…

Crypto hedge fund gives real reason for Bitcoin’s drop

dlnews.com All eyes are on the Middle East, but the Federal Reserve may bear more responsibility for the crypto dump than Iran and Israel. Bitcoin dropped 14% at the end of last week…

Why does Treasury bond demand dip in times of uncertainty?

marketplace.org You may have noticed our government spends a lot more than it takes in. That of course means the Treasury is going to have to issue a lot of debt in the form of bonds to…

Janet Yellen tackles China over flood of cheap goods

amp.cnn.com Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Janet Yellen has…

GOP AGs put a major US bank on notice for alleged 'de-banking' of conservatives

aol.com Over a dozen Republican attorneys general are warning a major U.S. bank against alleged practices of "de-banking" certain customers because of their religious or political…

Samsung snags $6.4B in CHIPS Act funds for Texas fabs

theregister.com Samsung is the latest chipmaker to benefit from CHIPS and Science Act funds, with the US Commerce Department today announcing the Korean megacorporation is getting $6.4…

IRS Direct File pilot gets 100K users as US hits tax deadline

thehill.com Tax day has arrived and most Americans have until 11:59 p.m. tonight in their local time zone to file their 2023 returns without incurring a late fee. The 2024 filing season…

The IRS’s new tax software: Rave reviews, but low turnout

washingtonpost.com “Against all odds, the government has created an actually good piece of technology,” a writer for the Atlantic marveled, describing himself as “giddy” as he used the website…

Change Healthcare Targeted by Second Ransomware Attack

pymnts.com Change Healthcare is reportedly facing a new ransomware attack following a massive breach in February. According to a recent report by Wired, a ransomware group called…

Marjorie Taylor Greene rages as tax deadline looms

newsweek.com Rep. Marjorie Taylor Greene has taken aim at the federal government over its spending as Tax Day approaches on April 15. The Georgia Republican has said taxation powers…

Tax deadline 2024: Monday is last day to file taxes or an extension

axios.com For the first time since 2019, April 15 is Tax Day — the deadline to file federal income tax returns and extensions to the Internal Revenue Service — for most of the…

Wall Street Favorites: 7 Hydrogen Stocks with Strong Buy Ratings for April 2024

investorplace.com Here are just a few of the top hydrogen stocks to buy and hold today Investors may want to pay close attention to hydrogen stocks. All as the U.S. fights to make hydrogen…

The economy, and inflation, is revving up at a terrible time for Biden

washingtonpost.com The booming economy is exacerbating a key vulnerability for President Biden heading into the height of campaign season, as inflation and interest rates could remain higher…

US Steel shareholders vote on controversial Nippon deal

aol.com U.S. Steel shareholders approved the $14.1 billion controversial takeover by Japanese-owned Nippon Steel. More than 98% of the shares voted at Friday’s meeting to approve…

Morgan Stanley Dives As Regulators Open Wealth Arm Probe

investors.com Morgan Stanley stock tumbled Thursday after the Wall Street Journal reported that the bank's wealth arm faces multiple federal probes over its client-vetting practices and…

U.S. Steel shareholders vote on controversial Nippon deal

foxbusiness.com U.S. Steel shareholders approved the $14.1 billion controversial takeover by Japanese-owned Nippon Steel. More than 98% of the shares voted at Friday’s meeting to approve…

Morgan Stanley's Compliance Efforts Under Spotlight As Federal Regulators Investigate Handling of Wealth Management Clients

benzinga.com Multiple federal regulators, including the Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC), are reportedly investigating…

Regulators Probe Morgan Stanley's Wealth-Management Division: Report

benzinga.com Multiple federal regulators are reportedly investigating Morgan Stanley MS over its client vetting processes amid concerns of potential money laundering within its…

90% of qualifying electric vehicle buyers opt for $7,500 'new clean vehicle' tax credit as upfront payment, Treasury says

cnbc.com The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of waiting until tax season,…

The Morning Risk Report: Morgan Stanley’s Wealth Arm Probed by Multiple Federal Regulators

createsend.com Good morning. Multiple federal regulators are probing Morgan Stanley over how it vets clients who are at risk of laundering money through the bank’s sprawling…

IRS Commissioner Werfel talks about Direct File, audits and IRS budget

washingtonpost.com It’s definitely not enough money. The analogy I always use is like the train system. How much money does it take to run the train system so that all the trains are kept up…

Regulators want to know more about how Morgan Stanley vets wealthy clients, like a sanctioned billionaire: WSJ

aol.com None More federal regulators are probing Morgan Stanley to find out how it vets wealthy clients, per The Wall Street Journal. • None The SEC sent the bank a list of clients…

Finance watchdogs press Morgan Stanley on work with wealthy clients who have been flagged about money laundering

fortune.com Morgan Stanley shares fell the most in five months after a report that a cadre of U.S. regulators are scrutinizing the firm’s efforts to prevent potential money laundering…

Bill Proposes Deterrents for Ransomware Hackers, Guidelines for Financial Institutions

pymnts.com The U.S. House of Representatives will again consider a bill designed to protect the country’s financial infrastructure from ransomware attacks. The bipartisan “Ransomware…

Morgan Stanley Dives As Regulators Open Wealth Arm Probes

investors.com Morgan Stanley stock tumbled Thursday after the Wall Street Journal reported that the bank's wealth arm faces multiple federal probes over its client-vetting practices and…

Morgan Stanley's wealth arm under probe by multiple regulators, WSJ reports

finance.yahoo.com Investment bank Morgan Stanley's wealth management arm is being probed by multiple regulators, the Wall Street Journal reported on Thursday citing people familiar with the…

Shares Of Morgan Stanley Sink After Multiple Federal Regulators Probe Wealth-Management Practices

zerohedge.com Shares Of Morgan Stanley Sink After Multiple Federal Regulators Probe Wealth-Management Practices Shares of Morgan Stanley stumbled in the late afternoon trading session in…

IMF Prepares Financial Revolution

zerohedge.com IMF Prepares Financial Revolution – Say Goodbye To The Dollar Authored by Brandon Smith via The Burning Platform blog, Global reserve currency status allows for amazing…

Scoop: Treasury wants "sharper scalpel" to dissect foreign investment into the U.S

axios.com The Biden administration is preparing to give a "sharper scalpel" to the government committee that reviews foreign investments into the U.S., administration officials tell…

Treasury Department Turns to Social Media, Elizabeth Warren, Hasan Minhaj and Alexandria Ocasio-Cortez to Promote Free IRS Tax Filing Tool

variety.com On his Netflix series “Patriot Act,” Hasan Minhaj once laid in to TurboTax. Now he’s teamed with Sen. Elizabeth Warren to promote an alternative filing option for taxpayers…

Senator Elizabeth Warren Slams Push For Stablecoin Bill, Cites National Security Risks

cryptonews.com Senator Elizabeth Warren is criticizing the push for a stablecoin bill without anti-money laundering laws in place, citing national security concerns, a Monday letter to…

Economist warns of urgent US 'debt detox': We're going to be in a recession before people know it

aol.com A market expert is sounding the alarm on the country’s growing debt crisis, suggesting a "debt detox" in order to see the "the next great boom." "We’re going to have to…

These Federal Agencies Are Wasting the Most Taxpayer Money

247wallst.com The U.S. national debt has long been a point of contention in American politics, and recently, it has taken on a renewed urgency on Capitol Hill. Decades of deficit spending…

Russia-China trade hamstrung by US-fueled bank issues

newsweek.com The Western sanctions campaign against Russia is complicating business between Russian entities and China, which for Moscow has become a vital marketplace, given Kremlin…

Why's Everyone Freaking Out About Corporate Transparency Act?

thehill.com Have you heard of the Corporate Transparency Act? Apparently, it’s freaking people out. The law was passed as part of the National Defense Authorization Act back in 2021 —…

US Treasury Takes Aim At Crypto-Linked Illicit Finance: Is An Increased Crackdown On The Horizon?

bitcoinist.com In a recent Bloomberg report, it was revealed that the US Treasury Department is urging lawmakers to grant it additional enforcement powers in its fight against foreign…

Ticker: Warren takes aim at ‘crypto financing’

bostonherald.com Bay State Sen. Elizabeth Warren took aim at cryptocurrency Tuesday in a Senate hearing where she pushed for answers about who controls money laundering on the blockchain.…

US Treasury official targets Tether USDT stablecoin in Russian sanction evasion

cryptoslate.com US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions,…

Sanctions are squeezing Russia, turning up its dependence on China and 'rogue' states, think tank says

aol.com None Sanctions are pushing Russia into the arms of rogue states and deepening dependence on China, a think tank said. • None The threat of sanctions against foreign lenders…

Sen. Bob Menendez grills Treasury official on curbing illicit finance month before bribery trial

cnbc.com US Senator Bob Menendez (center right), Democrat of New Jersey, leaves with his wife Nadine Menendez the Manhattan Federal Court, in New York City following his arraignment…