Author: News Room

Bitcoin and other cryptocurrencies edged higher Monday, remaining at some of the highest levels for digital assets since last summer, as traders eye inflation data in the coming days as possible catalysts for the next leg upward. The price of Bitcoin has risen 1.5% over the past 24 hours to $28,325. The largest digital asset has been hovering around $28,000 for weeks now, spiking as high as near $29,500 amid bouts of enthusiasm—representing the highest point since the crypto crash accelerated into a brutal bear market last June. Up some 70% so far this year, Bitcoin’s rally has spurred calls…

The Justice Department and a manufacturer of medication abortion drugs asked a federal appeals court on Monday to put on hold a judge’s ruling that could make the drug unavailable nationwide starting Friday at midnight. The requests, filed on Monday before the US 5th Circuit Court of Appeals, are seeking a short-term administrative stay as well as a long-term stay pending appeal on a lower court ruling from US District Judge Matthew Kacsmaryk, who ordered the Food and Drug Administration’s approval of the drug to be suspended. An administrative stay would give the appellate court more breathing room to consider…

Jes Staley, the former JPMorgan Chase executive who is being sued by the bank for allegedly failing to disclose his participation in Jeffrey Epstein’s sex crimes, must face trial alongside his former employer, a New York judge has ruled. Staley on Monday lost his bid to have the claims by the bank separated from two lawsuits brought against JPMorgan by an alleged Epstein victim and the US Virgin Islands, where the late paedophile had a home.JPMorgan’s claims against Staley were “closely related” to those made in the other civil lawsuits, Judge Jed Rakoff ruled, adding that Staley was a “key…

Introduction I previously published my analysis of how Apple Inc. (NASDAQ:AAPL) and its results depend on the results of the company’s largest competitor, Samsung (OTCPK:SSNLF). At that time, on February 1, 2022, I analyzed the Korean company’s report and concluded that Apple will most likely not be able to beat analysts’ forecasts and that Apple CEO Tim Cook will likely disappoint investors with his guidance. As time has shown, that’s precisely what happened. And that EPS miss has become the first one in recent years. Seeking Alpha data [author’s compilation and note] It’s been a little over 2 months since…

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Parents invest so much of themselves, emotionally and financially, in raising their children — but the time comes when a parent has to stop subsidizing their adult children’s everyday expenses. Think housing, health insurance, car payments, cell phones, credit cards, subscription services, student loans and travel. And, as it turns out, kids and parents don’t agree on just when exactly that time should be. A new survey from Bankrate found that Gen Z adults (between the ages of 18 and 26) think parents should slow their roll on when to stop paying for them. Take housing. Gen Z adults said…

The U.S. Department of Justice on Monday asked a federal appeals court to keep the abortion pill mifepristone on the U.S. market as litigation plays out, and indicated that it may ask the Supreme Court to intervene in the case, days after a federal judge suspended the Food and Drug Administration’s approval of the medication nationwide.The DOJ asked the U.S. 5th Circuit Court of Appeals to block U.S. Judge Matthew Kacsmaryk’s unprecedented decision by noon Thursday “to enable the government to seek relief in the Supreme Court if necessary.” Kacsmaryk’s suspension of the FDA’s approval of mifepristone is set to…

The Biden administration’s sweeping plan to cancel up to $20,000 in student debt for tens of millions of Americans may have an unintended, though hopefully temporary, consequence for some people, experts say.”For many borrowers, it will cause their credit scores to drop,” said higher education expert Mark Kantrowitz.Here’s why: Throughout the three-year pause on federal student loan payments, borrowers’ accounts have been reported to the credit bureaus as current, Kantrowitz said. (Payments are currently scheduled to restart by September.)More from Personal Finance:Here are the 2 Supreme Court student loan forgiveness casesFederal student loan payments could restart in roughly 2 months,…

From what we can tell, Social Security is sending clawback bills to tens of thousands of Americans for mistakes it made. Social Security’s policy is cruel and unusual. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. Social Security is clawing back benefits it claims it paid by mistake over years if not decades. Terry Savage and I are collecting these horror stories. Send Terry yours at [email protected]. Below is a story we just received. From what we can tell, Social Security is sending clawback bills to tens of…