The mayor of New York City is in a legal battle with the city's Campaign Finance Board. The issue? The board has refused to give the mayor $3. 4 million in matching funds for his reelection campaign. The mayor's team argues that the board's decision is unfair and based on a dismissed federal indictment. The mayor's legal representatives claim that the board is being...
Big energy companies face big risks. These risks can come from many places. They can come from inside the company. They can also come from outside. For example, from other companies or from the market itself. The energy market is always changing. Sometimes, these changes are small. Other times, they are huge. These big changes are called large shocks. They can affec...
A new player in the personal finance game is making waves. Monarch, a startup focused on helping people manage their money, has just secured a whopping $75 million in funding. This cash injection is one of the biggest for a consumer finance tech company this year. The funding values the company at $850 million. The money will help Monarch grow its user base quickly. ...
Donald Trump's latest venture into the crypto world has raised eyebrows. His stablecoin, USD1, started trading on KuCoin, an exchange that's had its fair share of troubles. KuCoin was recently banned in the U. S. after admitting to breaking anti-money laundering rules. They had to pay a hefty fine of almost $300 million and agreed to stay out of the U. S. market for ...
The G7 finance ministers are set to meet in a Canadian mountain resort. This gathering might be more tense than usual. Why? Because of the tariffs put in place by the U. S. president. These tariffs could slow down economic growth in many of the countries attending, including Canada. The U. S. president has even suggested that Canada could become a state of the U. S. ...
The government has decided to reverse its previous decision to cut winter fuel payments for pensioners. This change comes after a lot of criticism and protests from various groups, including unions and pensioner charities. The original plan, which was put in place last year, meant that around nine million pensioners missed out on payments worth up to 300 pounds. Thes...
A group of students from Lexington High School is all set to show off their financial smarts on a national level. They are heading to the National Personal Finance Challenge, where they will put their financial knowledge to the test. This event is a big deal for these teens, as it gives them a chance to apply what they have learned in a real-world setting. Allie...
In the world of online marketplaces, scams are a real threat. Even those who know the risks can fall victim. This is a story about a person who lost $500 due to a scam on Facebook Marketplace. This person was selling furniture and needed to move quickly. A buyer seemed interested in a kitchen organizer. The buyer offered the full price and wanted to pay via Zell...
The Campaign Finance Board in New York City has been a thorn in the side of politicians since 1989. It aims to keep elections fair and transparent, which often means it's not popular with candidates. The board's job is to regulate how much money flows into political campaigns. This is tricky because the U. S. Supreme Court has ruled that spending money on campaigns i...
The United States Postal Service (USPS) is getting a new boss. David Steiner, who has been on the board of FedEx, will take over as the postmaster general. This move comes at a time when the USPS is facing big challenges. The appointment was made public by Amber McReynolds, who chairs the USPS Board of Governors. Steiner is set to start his new role in July. Steiner...