Author: US

Luck finally ran out for one Massachusetts family. A father and his two sons have been charged with illegally claiming prizes on thousands of scratch-off lotto worth almost $ 21 million on behalf of others to help them avoid taxes and other garnishments, prosecutors said. Ali Jaafar, 63, and his sons, Mohamed, 31, and Yousef, […]

Powell’s Tough Choice: Curbing Inflation vs. Appeasing the White House Peter Morici @pmorici1 The economic recovery is not playing out as Federal Reserve Chairman Jerome Powell or the Biden administration anticipated.   COVID has accelerated trends that altered supply and demand conditions in many industries and labor markets that would have occurred more gradually had businesses and […]

A one-time executive at both Microsoft MSFT MSFT, -0.67% and Amazon AMZN, +1.22% has been sentenced to two years in prison for falsely filing for nearly $ 5.5 million in PPP loans for a group of startups that didn’t really exist, prosecutors said. Mukund Mohan, 48, of Clyde Hill, Washington, who describes himself on his […]

Dear MarketWatch, What is the smart way to sell an inherited house to minimize taxes?  Here’s the background: My father died without a will. Now, my brother and I inherited my father’s house in New York, which is worth between $ 375,000 and $ 450,000. I am also a resident of New York, while my brother […]

As extreme drought and water shortages plague the U.S. West and beyond, water funds have attracted about $ 35 billion of assets under management, according to a new Morningstar report. The trend comes as much of California faces voluntary water rationing this summer as drought parches the land, forces some farmers to destroy crops and […]

Government officials and big companies on Wednesday will offer a set of announcements on cybersecurity related to technology and workforces, according to a senior Biden administration official. The announcements are due to come as President Joe Biden and other administration officials meet on Wednesday with top CEOs from the tech sector and other industries to […]

President Joe Biden on Tuesday has reportedly decided to keep his Aug. 31 deadline to withdraw from Afghanistan, following a meeting with other leaders of the Group of Seven nations. The Associated Press and other outlets reported the decision. Biden is scheduled to address the Afghanistan situation at 4:30 p.m. Eastern. G-7 leaders were expected […]

Inside, there were some of Vincent Van Gogh’s famous paintings. Outside, there was a patio where guests could enjoy a branded, pre-rolled joint that came in a special gift bag. The hospitality and media startup Happy Munkey is capitalizing on New York State’s legalization of marijuana for adults 21 and older, as it hosted private, […]

Dear MarketWatch,“Now’s the time to sell!” This is what we all keep hearing. As a homeowner in Northern Arizona, we would be looking to make a nice profit if we were to sell our home. But then what? Would that possibly make an impact if our next move is San Diego? We have dreamed of […]

Like everyone, I have been thinking about the Black/white wealth gap. Yes, the gap is greatly reduced once Social Security wealth is included in the calculation. But Social Security comes late in life, which means that young Black families have much less to provide for themselves and their children.  Then the question arises as to how […]

The University of California, Berkeley, has signed a $ 17.5 million naming-rights deal for its football field with the owner of crypto exchange FTX.US — and will get paid for it in cryptocurrency. The Cal athletics department announced the 10-year deal Monday, in what is the first crypto naming-rights sponsorship in the NCAA. FTX Field […]

The Federal Aviation Administration is launching a broad review of how Boeing Co. employees handle safety matters on the agency’s behalf after some company engineers said they face undue pressure, according to an agency letter and people familiar with the matter. An FAA survey conducted this year found 35% of a small sample of certain Boeing employees reported […]

The leaders of some of the nation’s largest companies will meet with President Joe Biden on Wednesday to discuss ways to improve cybersecurity, Bloomberg News reported late Monday. Apple Inc. AAPL, +1.03% Chief Executive Tim Cook, Amazon.com Inc. AMZN, +2.06% CEO Andy Passy and Microsoft Corp. MSFT, +0.10% CEO Satya Nadella plan to attend the […]

?Now Daniel Craig’s children know how the rest of us feel when contemplating his legacy. Disappointed. The James Bond actor, allegedly banking $ 25 million to resume the role yet again, has told Candis magazine in his native Great Britain that he doesn’t plan to leave much of his fortune to his two children. “My […]

With so many challenges for traditional retailers, investors can be forgiven for giving up on the entire sector. But there is money to be made if you focus on innovative sellers and maybe even on traditional brick-and-mortar retailers that are cleaning up their acts. Below are two lists of stocks of retailers, broadly defined by […]

U.S. Home Sales Rise Amid Higher Inventory Existing-home sales rose 2% in July from the prior month, the National Association of Realtors said. The median price was $ 359,900, easing from a record level the month before. Aug. 23, 2021 at 10:45 a.m. ET by Nicole Friedman

Trying to connect the events in Afghanistan to world financial markets hasn’t been easy. The Afghan economy, whether under the rule of the Taliban or not, is too small to matter globally, and in fact is even more sidelined with the U.S. freezing over $ 9 billion in Afghanistan central-bank assets. There is one view […]

California is burning. The West is baking. Southern Europe, ditto. China is flooded. The last four decades have been the hottest since at least 1850, and each has been hotter than the one before, reports the latest Intergovernmental Panel on Climate Change. In these circumstances it’s getting increasingly harder to pretend there isn’t a climate emergency. And […]

For the first time since the pandemic began a majority of business economists believe the Federal Reserve is providing too much stimulus, a marked shift from last spring that reflects growing worries about high U.S. inflation. Some 52% of those surveyed by the National Association of Business Economists said the Fed is “too stimulative”, a […]

The price of bitcoin topped the $ 50,000 level Sunday night, as the world’s largest cryptocurrency continues to rebound from its collapse three months ago. After flirting slightly above and below the $ 50,000 mark late Sunday, bitcoin BTCUSD, +3.65% broke through and peaked at $ 50,250 just before midnight Eastern, according to Coindesk data; […]