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Former F-Squared CEO must pay $12.4 million in SEC case: U.S. judge

BOSTON (Reuters) - The former chief executive of F-Squared Investments Inc, once the largest U.S. money manager creating portfolios out of exchange-traded funds, must pay more than $12.4 million for...


U.S. 3-month LIBOR/OIS spread widest since May 2009

NEW YORK (Reuters) - A gauge of stress in the U.S. money markets climbed to its highest level in nearly nine years on Tuesday on concerns about growing costs for banks and other companies to borrow...

Police question France's former president over campaign financing

Former French President Nicolas Sarkozy is being questioned by police over allegations he accepted money from Libya to finance his 2007 election campaign.

Venture Capital

Hundreds of Start-Ups Tell Investors: Diversify, or Keep Your Money

Leading Silicon Valley entrepreneurs are forming a Founders for Change coalition to deliver a message to the white- and male-dominated world of venture capital.

Dwyane Wade defends his activism on guns after Parkland shooting

Miami Heat shooting guard Dwyane Wade is throwing his support behind initiatives to honor the victims of February's deadly school shooting in Florida, donating his time and money in spite of criticism.


Your Money: Perks galore rule the new economy of babysitting

(The writer is a Reuters contributor. The opinions expressed are his own.)


Singapore fines Standard Chartered entities $4.9 million for money laundering breaches

SINGAPORE (Reuters) - Singapore's central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and terrorism financing safeguards.

Report: Kushner company reaped high returns with misleading paperwork

A real estate investment startup co-founded by Jared Kushner skirted New York City laws and earned his company more money than expected when they flipped the properties, according to a report by Bloomberg.


Ten years after crash, Americans still have not fallen back in love with stocks

NEW YORK (Reuters) - Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how to grow a little bit of money into a lot,” he said.

Education (K-12)

Your Money: Teachers and Annuities: A Questionable Match and Hard Products to Shed

Charter schoolteachers in New Orleans were peddled problematic retirement plans and then faced onerous obstacles trying to change them.


Trump lawyer seeks $20 million damages from Stormy Daniels: filing

WASHINGTON (Reuters) - A law firm representing U.S. President Donald Trump and the corporation that paid porn actress Stormy Daniels $130,000 in what she called hush money over an alleged affair with Trump said in a court filing that it was seeking at least $20 million in damages for multiple violations of a nondisclosure agreement.

If this is the apocalypse, I want my money back

If this is the end of the world, then one question is really bugging me: who the hell will Gary Oldman play in the movie version?

Elections, Governors

Big Names and Big Money in Illinois as Governor Faces Challenges on All Sides

Gov. Bruce Rauner is among the nation’s most vulnerable incumbent governors. Kennedy and Pritzker are among the big names vying to replace him.

United States Economy

Why the Tax Law Might Make Your Car Payments Go Up

The United States just started another epic borrowing binge. And if you borrow money — through a credit card, a mortgage or an auto loan — you could end up paying the price.

Kimmel, Jimmy

Best of Late Night: Jimmy Kimmel Pitches for Stormy Daniels’s Legal Fund

Kimmel said, “Now you can give money to a porn star — just like the president of the United States.”


Exclusive: Russian billions slip through Latvia's loose net

RIGA (Reuters) - Latvia launched just 85 money-laundering investigations in 2017 even though its banks flagged 17,900 suspect transactions, data seen by Reuters shows, highlighting the challenge the Baltic state faces in repairing its tarnished reputation.


Meredith moves to sell Time, Fortune and Sports Illustrated titles: sources

(Reuters) - U.S. media company Meredith Corp has hired advisers to explore a sale of its Time, Fortune, Money and Sports Illustrated magazines following its $1.84 billion acquisition of Time Inc in January, people familiar with the matter said.

Kudlow, Lawrence A

Larry Kudlow’s Not-So-on-the-Money Predictions

Larry Kudlow's predictions, which will soon carry new weight as the president’s top economic adviser, have not always been on the mark. The following is a look back at some of his economic predictions that did not bear out.


U.S. three-month LIBOR/OIS spread widens beyond 50 bps

NEW YORK (Reuters) - A gauge of stress in the U.S. money markets grew to its highest level in more than six years on Thursday, bolstering the risk of further increase in the costs for banks and other...

Behold the 1,073 horsepower electric car

The established players in the global automotive industry like to call them "disruptors." They're the new kids on the block -- fresh money, bold ideas, an empowering lack of legacy to hold them back. And that makes them dangerous to the regulars, but plain exciting to everyone else.


School safety bill passes House, no action on gun control

WASHINGTON (Reuters) - The U.S. House of Representatives approved spending more money on metal detectors, locks and other school security measures on Wednesday, but took no steps to tighten gun control laws a month after a Florida high school shooting that killed 17 people.


U.S. money market assets decreased in latest week-iMoneyNet

NEW YORK (Reuters) - U.S. money market fund assets decreased by $5.36 billion to $2.807 trillion in the week ended March 13, the Money Fund Report said on Wednesday.

Smart money moves to make in your 20s, 30s and 40s


Your Money: New U.S. gift tax strategies could alter giving

NEW YORK (Reuters) - Get a big check from a wealthy great aunt every year for your birthday? Parents buying you a car? Grandparents paying for private school tuition?


When the Old Masters Were the P.R. Agents of the Rich and Powerful

From the 16th to the 20th centuries, the full-length portrait was the most expensive form of representation money could buy, conferring instant status.


Oil majors give in to investors with share buyback spree

(Reuters) - After almost three barren years for investors who have poured millions into the U.S. oil sector, producers are finally opening the floodgates to a wave of share buybacks that will return money to shareholders this year.


Corporate America's undertakers prepare for feast after lean years

NEW YORK (Reuters) - As the era of cheap money gradually draws to a close and rising inflation and interest rates cast a shadow over Wall Street's nine-year bull market, one corner of the financial industry is cheering.


Tijuana residents laugh at border wall prototypes, call Trump 'loco'

TIJUANA, Mexico (Reuters) - Mexican residents of a poor Tijuana slum in the shadow of eight prototypes of U.S. President Donald Trump's planned border wall called the project a waste of money and laughed at the idea the monolithic slabs will stop desperate immigrants.


Trump lawyer ignores porn star's offer to return hush money

(Reuters) - A lawyer for U.S. President Donald Trump ignored a suggested Tuesday noon deadline on an adult-film star's offer to return $130,000 in hush money so that she can speak freely about an alleged affair with Trump, her attorney said.


Drug copays sometimes exceed costs

(Reuters Health) - Insurance companies may be asking people to shell out more money for drug co-payments than the drugs actually cost, a new study suggests.


IMF's Lagarde says cooperation needed to keep crypto-assets safe

WASHINGTON (Reuters) - Governments and central banks need to collaborate on developing regulations for crypto-assets to prevent them from becoming a new vehicle for money laundering and terrorist financing, International Monetary Fund Managing Director Christine Lagarde said on Wednesday.

Trump will visit his border wall prototypes. Here's what he'll see

President Donald Trump on Tuesday will visit prototypes for his long-promised border wall, an opportunity to see in person what options his administration has tested for future construction -- if Congress approves any money to proceed.

Home Equity Loans

Your Money Adviser: Interest on Home Equity Loans Is Still Deductible, but With a Big Caveat

The I.R.S. says that if the loan is used for home improvements, you can still claim the deduction. But if you’re paying off credit card debt, you can’t.


General Electric axes top-executive bonuses for first time

NEW YORK (Reuters) - General Electric Co last year eliminated bonuses for its senior managers for the first time in its 126-year history, saving millions of dollars after losing money in 2017, the industrial conglomerate said on Monday.

Opinion: Pennsylvania's big election isn't about the candidates

For years, political pundits have worried about how big money could drown out voters' voices. Now, big money is so plentiful that it drowns out the voices of candidates, too.


Porn star offers to repay $130,000 in dispute over alleged Trump affair

WASHINGTON (Reuters) - The adult-film actress who claims she had an affair with Donald Trump before he became U.S. president offered on Monday to return $130,000 that Trump's personal lawyer paid her in what she said was hush money to remain silent about the alleged relationship.


Adult-film star offers to pay back alleged Trump affair hush money: letter

WASHINGTON (Reuters) - The adult-film actress who says she had an affair with Donald Trump before he became U.S. president offered on Monday to give back the $130,000 that Trump's personal lawyer paid her to keep mum about the alleged relationship.

The adult film star offers to return the money to end her silence on her alleged affair with Trump

Adult film actress Stormy Daniels is offering to return the $130,000 payment she received from President Donald Trump's attorney in exchange for dissolving a so-called "Hush Agreement."


Japan's Coincheck to start repaying customers Monday after digital money heist

TOKYO (Reuters) - Japanese cryptocurrency exchange Coincheck Inc, reeling from government reprimands over lax standards after $530 million dollar theft of digital money, said it would from Monday start repaying customers affected by the heist.

As gun control efforts paused, House to vote on school safety bill this week

The US House of Representatives is set to vote this week on a bill to give money for more security at schools, as the nation's lawmakers continue to search for legislative solutions to gun violence that can pass the Legislative Branch.

How to fund a British stately home in the 21st century

Imagine if your home had turrets, a ballroom, or a maze in the garden. Some people's homes have all those things. But while life in a palace -- or a castle -- might sound like a fairytale existence, it costs a princely sum of money to run a stately home.

Opioid makers are paying doctors huge sums of money

As tens of thousands of Americans die from prescription opioid overdoses each year, an exclusive analysis by CNN and researchers at Harvard University found that opioid manufacturers are paying physicians huge sums of money -- and the more opioids a doctor prescribes, the more money he or she makes.

Women and Girls

News Analysis: Money is Power. And Women Need More of Both.

There’s a real gender gap when it comes to earning, or wanting to earn, at the highest levels.

Opinion: God bless these doctors in Canada

When I read that some physicians in the Canadian province of Quebec have signed a petition to halt salary increases, I was in the middle of a busy day seeing patients at my office in southern New Jersey. I turned to the doctor I share an office with and said, "Can you believe this? Doctors in Canada want to give up portions of their salaries," I said. She turned to me looking bewildered. "Why?" she asked. "Well, they want the money to be redistributed to help other health care providers and patients."


Court rules Latvian bank ABLV may keep Luxembourg branch

LUXEMBOURG (Reuters) - Latvia's ABLV Bank, accused by U.S. authorities of large-scale money laundering, will be allowed to look for new investors for its Luxembourg branch after a court there ruled against forced liquidation by EU authorities, the bank said.

Anderson Cooper: Follow the money, find the truth

CNN's Anderson Cooper follows the money surrounding a payout made by President Donald Trump's personal lawyer Michael Cohen to Stormy Daniels.

Retirement Communities and Assisted Living

Retiring: 7 Ways to Judge a Retirement Community’s Financial Health

Continuing care retirement communities promise lifetime care but ask for a lot of your money up front. Here are tips for figuring out if one is financially stable.

Hurricane Maria (2017)

Art Museums in Puerto Rico Face Long and Expensive Recovery

Battling mold, wind damage and a lack of money, museum directors struggle to restore damaged buildings.


Romanian ruling party chief under investigation in Brazil-report

BUCHAREST (Reuters) - The leader of Romania's ruling Social Democrats and speaker of its lower house of parliament, Liviu Dragnea, is under investigation in Brazil on suspicion of money laundering, a Brazilian prosecutor was quoted on Friday as saying.


Japan punishes seven cryptocurrency exchanges over regulatory lapses

TOKYO (Reuters) - Japan punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection after a $530 million theft of digital money from Tokyo-based Coincheck Inc earlier this year.


UPDATE 4-Japan punishes seven cryptocurrency exchanges over regulatory lapses

* Exchanges failed to protect users and prevent money-laundering

Politics and Government

Italy’s Populist Surge May Delay End to Eurozone Stimulus

Analysts expect the European Central Bank to wait at least until late April before signaling it is closer to stopping a money printing program.


Japan punishes seven cryptocurrency exchanges over lapses

TOKYO (Reuters) - Japan's financial regulator on Thursday punished seven cryptocurrency exchanges, suspending business at the two of them, in an effort to shore up consumer protection after the $530 million theft of digital money from Tokyo-based Coincheck.


Japan's FSA issues punishments to cryptocurrency exchanges

TOKYO (Reuters) - Japanese regulators on Thursday issued punishment notices to several cryptocurrency exchanges and forced others to halt business, in an effort to shore up consumer protection after the $530 million theft of digital money from Coincheck.


Women's Tour of Britain ups prize money to match men's race

(Reuters) - The prize money for the 2018 Women's Tour has been increased to match the corresponding men's race, the Tour of Britain, for the first time, organizers said on Wednesday.

Thiel, Peter A

Peter Thiel’s Money Talks, in Contentious Ways. But What Does He Say?

In a rare interview, the billionaire Facebook board member and Trump supporter shared his current takes on politics, Silicon Valley and more after “a crazier two years than I would have thought.”


'The Wolf of Wall Street' producers to pay $60 million to U.S. in lawsuit settlement

KUALA LUMPUR (Reuters) - The company behind the 2013 film, "The Wolf of Wall Street", agreed to pay the United States government $60 million to settle a civil lawsuit that sought to seize assets allegedly bought with money stolen from a Malaysian state fund.


COLUMN-Light shines on serene bond term premium as QE rolls back: McGeever

LONDON, March 7 (Reuters) - As a decade of QE and cheap money comes to an end and many of the world's big central banks prepare for a changing of the guard, investors fear a rise in the so-called "term premium" on bonds could hurt risky assets like stocks.

Opinion: Presidential seal on Trump golf tees? A new low.

This week, ProPublica reported that the Trump Organization ordered 12-inch replicas of the presidential seal to be used as tee markers at Trump golf courses. To review: A private, for-profit company -- one where the President's name appears everywhere you look, and one that continues to direct money, to the President's benefit, despite his official position -- is trying to further cash in by using a symbol that represents the chief servant of the American people?

The punk rocker trying to unseat Ted Cruz

Congressman Beto O'Rourke (R-TX) is giving incumbent Republican Sen. Ted Cruz a run for his money in the Texas Senate contest, but he still faces an uphill battle. CNN's Ed Lavandera reports.


Money gushes into China's ChiNext as Beijing woos tech giants

SHANGHAI (Reuters) - China's efforts to attract overseas-listed tech giants have revived long-dormant investor interest in technology shares, chipping away at the allure of blue-chips along the way.


GRAPHIC-Money gushes into China's ChiNext as Beijing woos tech giants

SHANGHAI, March 6 (Reuters) - China's efforts to attract overseas-listed tech giants have revived long-dormant investor interest in technology shares, chipping away at the allure of blue-chips along the way.


Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money - sources

LONDON/FRANKFURT/MILAN (Reuters) - Fiat Chrysler Automobiles NV (FCA) is looking to spin off auto-parts business Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares, four sources familiar with the matter said.

State Department

State Dept. Was Granted $120 Million to Fight Russian Meddling. It Has Spent $0.

The delay reflects President Trump’s largely passive response to the interference and doubts by Secretary of State Rex W. Tillerson in his department’s ability to spend its money wisely.


Star gymnast sues U.S. Olympic Committee over Nassar sex abuse

(Reuters) - U.S. gymnast Aly Raisman has sued the U.S. Olympic Committee and USA Gymnastics over decades of sexual abuse by former national team doctor Larry Nassar, saying they put "money and medals" before the safety of athletes.


Big City: When Should Cultural Institutions Say No to Tainted Funding?

The critic Jerry Saltz takes to performance art to protest the Metropolitan Museum’s acquiescence to disagreeable money, our columnist writes.


Gymnast Raisman sues U.S. Olympic Committee over Nassar abuse

(Reuters) - U.S. gymnast Aly Raisman has sued the U.S. Olympic Committee and USA Gymnastics over former USA Gymnastics' team doctor Larry Nassar's sexual abuse, saying they knew or should have known about his behavior but put "money and medals" before athletes' safety.


Ex-head of Vatican bank sent to trial on embezzlement charge

VATICAN CITY (Reuters) - A former president of the Vatican Bank has been ordered to stand trial on charges of embezzlement and money laundering, the Vatican said, the highest ranking Holy See financial official to be indicted.


Cryptocurrencies failing as money, but technology has promise: Carney

LONDON (Reuters) - Cryptocurrencies such as Bitcoin are failing as a form of money and have shown clear signs of being a financial bubble, but their technology could improve the financial system in future, Bank of England Governor Mark Carney said on Friday.

Corporate Social Responsibility

Your Money: Why It’s So Hard to Invest With a Social Conscience

Want guns out of your stock portfolio? Sick of bad actors like Wells Fargo and Equifax? You’ll face at least seven challenges when making an investing plan.


Japan's cryptocurrency exchanges to set up self-regulatory body

TOKYO (Reuters) - Japan's 16 government-registered cryptocurrency exchanges will set up a self-regulatory body to bolster trust in an industry rocked by a $530 million digital money heist in January.


Japan's cryptocurrency exchanges to announce plan for self-regulating body: sources

TOKYO (Reuters) - Japan's 16 registered cryptocurrency exchanges will form a self-regulating body this spring in a bid to better safeguard investors following a $530 million digital money heist in January, two sources with direct knowledge of the plan said.

Ben Carson needs to check out Ikea

To Ikea, then, for Ben Carson, whose ongoing refurbishment of the dining room at the Department of Housing and Urban Development -- apparently with the guidance of his wife, Candy Carson -- has hit the skids after growing complaints that it is gross, profligate and an egregious waste of public money.


Your Money: You can do better financially by doing good

NEW YORK (Reuters) - It stands to reason that getting involved in your community helps others. But what if it helped your own bottom line, as well?


Lawmakers question Trump ties to Panama project linked to laundering, trafficking

SAO PAULO (Reuters) - Two members of the U.S. House of Representatives Foreign Affairs Committee have asked the Trump Organization if it was aware of allegations that real estate agents and investors involved in the Trump Ocean Club in Panama had ties to money laundering and drug trafficking.

Carpets and Rugs

The Rich Have Abandoned Rich-People Rugs

Persians? That’s Paul Manafort money! Now rich people are trying not to spend millions on something that they and their little dogs walk over.


UPDATE 1-Tencent-backed Sea posts wider-than-expected loss as marketing costs spike

Feb 28 (Reuters) - Online gaming and e-commerce firm Sea Ltd reported a larger-than-expected fourth-quarter loss, hurt by soaring marketing expenses as the company pumped money into promoting its e-commerce business.

Texas race isn't guaranteed Republican

CNN's Chris Cillizza explains how Democratic Rep. Beto O'Rourke is giving incumbent Sen. Ted Cruz a run for his money in the race for the Senate in Texas.

Senate Key Race alert: Texas is no longer solid GOP

Beto O'Rourke is giving Ted Cruz a run for his money in the Texas Senate contest.


South Korea keeps investors guessing on cryptocurrency regulation

SEOUL (Reuters) - South Korea has yet to decide how to regulate crypotocurrency trading, a senior government official said, highlighting Seoul's struggles to supervise a market that critics say remains opaque and vulnerable to risks such as money laundering.


You Might Be Giving Gun Companies Money, Even if You Don’t Own a Gun

Many Americans are financially connected to the firearms industry through retirement plans or index funds that own stocks in gun companies.


ABLV owners to liquidate bank to protect assets and clients

STOCKHOLM (Reuters) - The owners of Latvia's ABLV Bank, accused by U.S. authorities of large-scale money laundering, have decided to liquidate the lender after the European Central Bank said on Saturday it would be wound up, ABLV told Reuters on Monday.

'McMafia' makes an offer you can refuse

"McMafia" is a somewhat misfortunate title for an AMC series that feels like Mafia Lite, creating an image of assembly-line image of adding on to an existing franchise. While there are strong moments in this globetrotting international series, it plays like a retread of earlier mob tales -- albeit with a timely tie-in to the Russians and money laundering -- in a way that represents an offer you can safely refuse.


Britain's big banks play catch up with fintech with new apps

LONDON (Reuters) - British retail banks are poised to introduce money management apps to compete with those already launched by financial technology start-ups, betting their trusted brands, broad client base and deep pockets will help them make up lost ground.


Manafort's LA bankruptcy fight may offer new avenue for Mueller probe

LOS ANGELES (Reuters) - Federal prosecutors who have already indicted President Donald Trump’s former campaign chairman Paul Manafort on charges of money laundering, bank fraud and covertly lobbying for pro-Russian interests may have additional leverage arising from a loan he received while engaged in the bankruptcies of properties in California, several former law enforcement officials say.


Few phone makers will survive industry's brutal economics: Huawei

BARCELONA (Reuters) - The smartphone industry is bound to consolidate as the heavy investments required to remain competitive mean that, in the long-run, only a handful of firms can make money, the consumer chief of China's Huawei Technologies [HWT.UL] said on Sunday.


Few phone makers will survive industry's brutal economics-Huawei

BARCELONA, Feb 25 (Reuters) - The smartphone industry is bound to consolidate as the heavy investments required to remain competitive mean that, in the long-run, only a handful of firms can make money, the consumer chief of China's Huawei Technologies said on Sunday.

Trump campaign emails photo of Parkland survivor, asks for donations

President Donald Trump's re-election campaign used a photo of a survivor of the Parkland, Florida, shooting in an email Saturday that asks its recipients to donate money to the campaign.

Politics and Government

Cuomo Dodges Order by Taking Campaign Money From State Appointees

Gov. Andrew Cuomo has received about $890,000 from people he has appointed to state boards, in spite of an executive order he approved in 2011.

Drugs (Pharmaceuticals)

Why Your Pharmacist Can’t Tell You That $20 Prescription Could Cost Only $8

States are moving to block “gag clauses” that prohibit pharmacists from telling customers that they could save money by paying cash for prescription drugs rather than using their health insurance.

Tax Preparers and Preparation

Your Money Adviser: A New Tax Scam, and Tips on How to Deal With It

A big deposit from the I.R.S. unexpectedly shows up in your bank account. What should you do? First off, don’t spend it. You may be a victim of identity fraud.


Global watchdog to put Pakistan back on terrorist financing watchlist: sources

ISLAMABAD (Reuters) - A global money-laundering watchdog has decided to place Pakistan back on its terrorist financing watchlist, a government official and a diplomat said on Friday, in a likely blow to Pakistan's economy and its strained relations with the United States.

Shopping and Retail

Save Money and Reset Your Financial Life With a Shopping Ban

A shopping ban may sound impossible, or only for people who can already afford to live lean, but with the right rules, you can do it too.


GM Korea seeks to trim benefits, wages: internal letter

SEOUL (Reuters) - General Motors Co will propose a base wage freeze and no bonuses this year along with a suspension of some worker benefits at its money-losing South Korean unit to cut costs, according to an internal letter that Reuters reviewed on Friday.


GM to propose wage freeze, no bonuses for South Korean workers this year

SEOUL (Reuters) - General Motors Co will propose a base wage freeze and no bonuses this year as well a suspension of some worker benefits at its money-losing South Korean unit, in an effort to cut costs, showed an internal letter seen by Reuters on Friday.

Teacher fires back at sheriff: I don't need a gun

A teacher at Marjory Stoneman Douglas High School responds to President Trump's proposal to give bonuses to teachers who get gun training, saying she doesn't need a gun, but does need more money for supplies for her classroom.


Art Review: New Museum Triennial Looks Great, but Plays It Safe

You say you want a revolution? You won’t find it in “Songs for Sabotage,” which keeps its political voice low and its money on well-made art.

Olympian was warned to not get pregnant

Beach volleyball legend Kerri Walsh Jennings was six weeks pregnant when she won a gold medal in the London Olympics - but she says she was warned to hold off on starting a family or she may lose her sponsors. She sits down with CNNMoney's Ahiza Garcia to talk about the challenges of being a mother and a professional athlete.

Parkland students raise $3.7 million in 3 days. Here's how they'll spend it

As the survivors of the Marjory Stoneman Douglas High School shooting turn their waking nightmares into a national revolution, their supporters have funneled huge sums of money to the students' cause.


Uber will aggressively invest in Southeast Asia, won't let SoftBank rule it: CEO

NEW DELHI (Reuters) - Uber Technologies Inc's [UBER.UL] chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab.