finance
A 23-Year-Old Fast Food Worker With $0.09 In the Bank Bought $200K In Meme Stocks in Fraud Case: SEC
According to the complaint, the man described it as "a joke" and his account was in profit before being liquidated.
Financial Researchers Worry Nearly 200 Banks At Risk Amid 'Catch-22'
The researchers, who compare the current dynamic to the 1980s savings and loan crisis, have identified nearly 200 banks at risk of a "rational" run, in which depositors pull their money for good reason.
Credit Unions and Self-Described Ethical Banks Email Customers Assuring Them They Still Have Money
Boring banks are once again here to remind you that boring banking is good.
AI Could 'Harm the Global Financial System, Supply Chain' US Gov Guidelines Say
The new government guidelines present a framework for mitigating AI harms across a wide swath of society.
Influencer Accused of Scamming Women Out of $2M, Seeks Protection From ‘Thugs’
Sidra Humaid, who ran hundreds of money-saving schemes in Pakistan for five years, posted on Facebook last week that she’s somehow lost it all.
Robot Landlords Are Buying Up Houses
Companies with deep resources are outsourcing management to apps and algorithms, putting home ownership further out of reach.
Young Australians Are Expected to Get Screwed by the Government’s Tax Cuts
“Basically, from an age perspective, the Stage 3 tax cuts are cooked.”
Reddit Investors Baffled After Tech Company’s Stock Explodes 32,000% for No Reason
Shares in Hong Kong–based tech company AMTD soared from $7.80 to $2,555, and not even the company knows why.
Are We in a Recession? Depends What Side of the Culture War You’re On
Debates over whether to call our economic downturn a recession are more political than technical.
He Wanted a Home and a Wife. China’s Property Crisis Left Him With Neither.
Hundreds of thousands of Chinese homebuyers are walking away from their mortgage.
'We Should Stay Far Far Away From This': Robinhood Said of GameStop After Elon Musk Tweeted 'Stonks'
A Congressional report criticizes Robinhood for "troubling business practices, inadequate risk management, and a culture that prioritized rapid growth."