FINANCIAL REGULATION

Jan 23 2025FINANCE

China Boosts Stock Market with New Investment Rules

China's financial regulators have introduced a series of measures to encourage big state-owned funds and insurers to buy more stocks. The aim is to support a struggling stock market. On Thursday, the chairman of the China Securities Regulatory Commission, Wu Qing, announced that large insurance companies should increase their stock investments. This includes setting ...

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Dec 21 2024FINANCE

Betting with Borrowed Money: Why Credit Cards and Sports Betting Don't Mix

Sports betting is a popular pastime, but it's not always a safe one, especially when people use credit cards to fund their bets. This practice can lead to unexpected fees and debt, making it harder for bettors to win or even break even. Lawmakers and credit card companies could help by stopping this risky habit. In some states, using credit cards for sports betting ...

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Sep 16 2024BUSINESS

The Crypto Con: $13M in Fraud Exposed

The world of cryptocurrency trading is often shrouded in mystery, with promises of big returns and exclusive deals. But what happens when the promises are empty and the deals are a scam? That's exactly what happened with ezBtc, a cryptocurrency trading platform that defrauded its customers out of $13 million. At first glance, ezBtc seemed like a legitimate option fo...

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Sep 16 2024FINANCE

Will the US Become the Global Crypto Hub?

The world of cryptocurrency is abuzz as Republican presidential nominee Donald Trump is making a bold declaration: he plans to make the United States the crypto capital of the planet. Trump's announcement comes as a surprise, given the rising importance of digital currencies in the global financial landscape. But what exactly does this mean for the average American, ...

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