Still need a Mega Millions ticket? You might be able to buy one with your phone
Many Americans will be rushing today to grocery stores and gas stations to buy tickets for tonight’s big Mega Millions drawing with a $1.35 billion jackpot. But for Brandon Sansone, there’s no reason to head out in a last-minute panic: He can make all his lottery purchases without even looking up from his phone.Sansone is […]
Drug companies plan to raise prices on vital medicines to fund R&D, but they already spend more on shareholder returns
Drug companies planning to raise prices on cancer drugs and other life-saving treatments are justifying the move by claiming it’s necessary to fund research and development, but the claim rings hollow given that they spend more on shareholder rewards than on R&D, according to a new study. Accountable.US, a liberal-leaning consumer-advocacy group, found that in […]
Genesis, Winklevoss twins’ Gemini crypto venture charged by SEC with selling unregistered securities
U.S. securities regulators on Thursday charged Genesis Global Capital and crypto exchange Gemini Trust Co. with offering and selling of unregistered securities to retail investors, bypassing disclosures and other requirements aimed at protecting market participants. Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors through unregistered offers, […]
‘Super lame,’ says Gemini co-founder Tyler Winklevoss about SEC charges
New charges against crypto platforms Genesis Global Capital and Gemini Trust Co. by the Securities and Exchange Commission are “disappointing,” said Tyler Winklevoss, co-founder of Gemini, in a Twitter thread on Thursday evening. Earlier Thursday, the SEC charged Genesis and Gemini with engaging in the offering and sale of unregistered crypto asset securities through Gemini […]
The housing market is showing signs of ‘normalizing’ and IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar
Hi, MarketWatchers. Don’t miss these top stories.IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar Two thirds of households received income-tax refunds last year, IRS statistics show. Read More U.S. mortgage rates slip, giving some relief to homebuyers The 30-year mortgage rate is averaging at 6.33%, […]
Reparations for Black Americans ‘could finally lead to closure’: Sandy Darity
Black Americans whose ancestors were enslaved have been excluded from full citizenship in the United States for the last 247 years — and granting them full citizenship will cost between $13 trillion and $14 trillion, economist William “Sandy” Darity told a conference of fellow U.S. economists last week. To see the impact of second-class citizenship […]
Nursing-home reform may finally become a reality: Three breakthroughs that are turning talk into action
Nursing-home reform, long advocated by long-term care analysts and the public, seems to finally be happening. The problems at these facilities — where people reside in close proximity for extended periods and the average age of residents is 86 — are many. More than 133,000 nursing-home residents and staff members have died from COVID-19 during […]
Salesforce layoffs at its home base in San Francisco number in the hundreds so far
Salesforce Inc., which last week said it would be slashing 10% of its workforce, or about 8,000 people, has disclosed a wave of layoffs at its San Francisco headquarters in a filing with the state of California. A total of 752 job cuts will become effective March 24, Salesforce CRM, -1.72% said in a letter […]
Holy high rollers: phony pastors targeted immigrants in $28 million Ponzi scheme
“I’m everything you imagine me to be, as long as it’s good and it’s Godly.” That’s how Dennis Jali, a South African self-proclaimed finance guru sold his Christian-themed program of financial success to crowds of mainly African immigrants at churches and banquet halls in and around Baltimore and Washington, D.C. But while Jali claimed he […]
The outage of an FAA alert system has snarled flights — what’s the notice system at the center of the problem?
The overnight outage of a Federal Aviation Administration alert system snarled air traffic Wednesday morning, leading to the first nationwide grounding since the September 11, 2001, terrorist attacks. Air traffic operations were “resuming gradually,” the aviation regulator said in its most recent update. All flights already in the sky are safe to land, the regulator […]