Investing
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An empty vault: Silver dealer ordered to pay $146 million in case of 500,000 missing coins
When investigators went into the vault where Robert Higgins claimed he kept half a million of his customers’ silver coins, all they say they found were empty boxes filled with IOUs. Investigators with the Commodity Futures Trading Commission say the empty vault was the result of a complex coin-leasing scam in which Higgins claimed he…
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Los Angeles hotel workers strike: Companies, union remain far apart
As hotel workers in Los Angeles struck for a second day Monday — and with thousands more workers poised to join them in what could be the biggest hotel-industry strike in years — the hotels and the union representing the workers appear to be nowhere close to reaching an agreement. Workers at almost 20 hotels…
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Here’s everything new coming to Max in July 2023 — and what’s leaving
Max’s July 2023 schedule doesn’t look particularly impressive, but there are some gems if you look hard enough. Director Steven Soderbergh and writer Ed Solomon are behind “Full Circle” (July 14), a limited-series drama about a botched kidnapping that unravels many characters’ long-held secrets. It’s got an impressive cast, including Zazie Beetz, Claire Danes, Jim Gaffigan,…
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Hulu and Apple are the best streaming services for July 2023, and here’s why
Summer used to mean a lull in TV programming. And with a few exceptions, that’s how the streaming scene feels this July. After a frenzy of new shows launched in the spring, Hulu and Apple appear to be the only streaming services still putting their best feet forward this summer. But that might actually be…
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Supreme Court blocked Biden’s student-loan forgiveness. Here’s what happens next for your loans.
Student-loan payments are poised to resume this fall without smaller balances now that the U.S. Supreme Court has blocked President Joe Biden’s loan cancellation plan. The Biden administration’s loan forgiveness initiative would have canceled up to $10,000 of debt for eligible borrowers, and in some cases up to $20,000. But the Supreme Court’s conservative majority…
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My inherited investment accounts have lost $28,000. Can I liquidate them and take a tax write-off?
My mother passed away in first quarter 2021, leaving me a designated beneficiary brokerage account and an IRA account. The total amount of these accounts invested in stocks and ETFs was at that time $150,000. Since then, due to the market (or my poor management), those accounts are totaling around $122,000. Can I liquidate those…
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Bobby Bonilla Day: How the former Mets player’s financial feat illustrates the magic of compound interest
If you see Bobby Bonilla popping up all over your social media feeds on Saturday (as it tends to this time of year), it’s because July 1 marks the annual $1.2 million payday for the former third baseman — an event that has increasingly attracted interest from average Americans, even some who don’t know anything…
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Teenagers looking for summer jobs see best labor market since just after World War II
Morgan Skove, 19, an incoming sophomore at Northwestern University, was overjoyed to land a summer gig. “I was relieved that the pressure of finding a job was off and excited to start my first ‘adult’ job,” she said. With plans to pursue a career in business, Skove applied for a sales job with the platform-engagement…
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Bad boys: Four dumb ways people just got caught allegedly engaging in insider trading
Insider trading may seem like an easy bet to some, but it’s a dumb way to lose if you get caught. On Thursday, federal prosecutors in Manhattan announced four separate, head-scratching busts of people for allegedly trading on inside information in ways so brazen that it would have been amazing if they hadn’t been caught.…
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Here are the top-performing ETFs in first half of 2023 as crypto-related funds soar
Hello! This week’s ETF Wrap looks at top performers in the first half of 2023, as well as flows, as stocks rally and crypto-related funds jump so far this year. Please send feedback and tips to [email protected] or [email protected]. You can also follow me on Twitter at @cidzelis and find me on LinkedIn. Isabel Wang is on Twitter…