Money News

The Moneyologist: My siblings took control of my mom’s estate — now they want me out of the picture

8 months ago kakp2 Comments Off on The Moneyologist: My siblings took control of my mom’s estate — now they want me out of the picture
Dear Moneyologist, I found out my four younger siblings got power of attorney over my mom behind my back. She never notified me, and I had no idea until two years later. The only sign was my mom growing more fearful of talking to me on the phone. Now she has full blown Alzheimer’s. They Read More

Snap will redesign Snapchat to make it easier for non-millennials to understand

8 months ago kakp2 Comments Off on Snap will redesign Snapchat to make it easier for non-millennials to understand
When questioned about the inability of new users to understand the Snapchat app just six months ago, Snap Inc. Chief Executive Evan Spiegel brought up his grandmother in relation to the millennials who have adopted the app en masse. “We do tend to market our products directly to younger people, because frankly they’re more interested Read More

Snap will redesign Snapchat to make it easier for non-millennials to understand

8 months ago kakp2 Comments Off on Snap will redesign Snapchat to make it easier for non-millennials to understand
When questioned about the inability of new users to understand the Snapchat app just six months ago, Snap Inc. Chief Executive Evan Spiegel brought up his grandmother in relation to the millennials who have adopted the app en masse. “We do tend to market our products directly to younger people, because frankly they’re more interested Read More

The Wall Street Journal: Saudi government may confiscate up to $800 billion in anticorruption crackdown

8 months ago kakp2 Comments Off on The Wall Street Journal: Saudi government may confiscate up to $800 billion in anticorruption crackdown
The Saudi government is aiming to confiscate cash and other assets worth as much as $800 billion in its broadening crackdown on alleged corruption among the kingdom’s elite, according to people familiar with the matter. Several prominent businessmen are among those who have been arrested in the days since Saudi authorities launched the crackdown on Read More

The Wall Street Journal: Saudi government may confiscate up to $800 billion in anticorruption crackdown

8 months ago kakp2 Comments Off on The Wall Street Journal: Saudi government may confiscate up to $800 billion in anticorruption crackdown
The Saudi government is aiming to confiscate cash and other assets worth as much as $800 billion in its broadening crackdown on alleged corruption among the kingdom’s elite, according to people familiar with the matter. Several prominent businessmen are among those who have been arrested in the days since Saudi authorities launched the crackdown on Read More

San Francisco fund manager gets 2-1/2 years for fraud conspiracy

8 months ago kakp2 Comments Off on San Francisco fund manager gets 2-1/2 years for fraud conspiracy
NEW YORK (Reuters) – A San Francisco investment fund manager was sentenced to 2-1/2 years in prison on Tuesday after he pleaded guilty to conspiring to defraud investors by fabricating an impressive investing track record. Nicholas Mitsakos, 57, was sentenced by U.S. Circuit Judge Denny Chin in New York, U.S. prosecutors announced. Mitsakos, who ran Read More

Trial of ex-NYC union head, Platinum Partners co-founder winds down

8 months ago kakp2 Comments Off on Trial of ex-NYC union head, Platinum Partners co-founder winds down
NEW YORK (Reuters) – The federal corruption trial of Norman Seabrook, the former head of New York City’s correction officers’ union, and Murray Huberfeld, a co-founder of defunct hedge fund Platinum Partners, came to a close on Tuesday, with arguments focusing on the credibility of prosecutors’ star witness. File photo: Murray Huberfeld, a longtime associate Read More

Market Snapshot: Dow ends at record, but slumping financials weigh on S&P 500, Nasdaq

8 months ago kakp2 Comments Off on Market Snapshot: Dow ends at record, but slumping financials weigh on S&P 500, Nasdaq
Dow industrials eked out a small gain on Tuesday to end in record territory, but the broader market was weighed down by a selloff in financials, consumer discretionary and small-cap stocks amid concerns over the timing and ultimate shape of tax legislation working its way through Congress. What are the main benchmarks doing? The Dow Read More

Market Snapshot: Dow ends at record, but slumping financials weigh on S&P 500, Nasdaq

8 months ago kakp2 Comments Off on Market Snapshot: Dow ends at record, but slumping financials weigh on S&P 500, Nasdaq
Dow industrials eked out a small gain on Tuesday to end in record territory, but the broader market was weighed down by a selloff in financials, consumer discretionary and small-cap stocks amid concerns over the timing and ultimate shape of tax legislation working its way through Congress. What are the main benchmarks doing? The Dow Read More