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Financial News Around the World

Category: Finance News

IRS flagged more than 1 million tax returns for identity fraud in 2023

Identity thieves try to file fraudulent tax returns to claim refunds. There are steps taxpayers can take to protect themselves.

Published 17 May 2023
Categorised as Finance News

Tether buys $222 million worth of bitcoin to back its USDT stablecoin

Tether said it would invest 15% of its net profit into bitcoin to “diversify” the reserves that back its USDT token.

Published 17 May 2023
Categorised as Finance News

Cryptos have no intrinsic value and trading in them should be regulated like gambling, UK lawmakers say

A U.K. Parliament committee said it was concerned by government proposals to regulate consumer trading of crypto as a financial service.

Published 17 May 2023
Categorised as Finance News

Stocks making the biggest premarket moves: Western Alliance, TJX, Wynn, Tesla & more

These are the stocks posting the largest moves in the premarket.

Published 17 May 2023
Categorised as Finance News

Crypto firm Ripple buys Swiss startup as SEC crackdown forces companies to consider overseas moves

Blockchain firm Ripple acquired Metaco, a Swiss crypto custody services firm, the company announced Wednesday.

Published 17 May 2023
Categorised as Finance News

Almost half of Gen Zs have side jobs as money fears take over, survey finds

Gen Zs and millennials are increasingly taking on additional full- or part-time jobs, often to supplement their income.

Published 17 May 2023
Categorised as Finance News

UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence

UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing.

Published 17 May 2023
Categorised as Finance News

JPMorgan and Barclays back $4.5 billion insurance tech giant Wefox

Wefox maintained its $4.5 billion valuation from its previous round of funding, the company said.

Published 17 May 2023
Categorised as Finance News

Home Depot shares fall on revenue miss. Here’s how the pros are playing it

Pros on CNBC discussed Home Depot after the company missed revenue estimates.

Published 16 May 2023
Categorised as Finance News

Black taxpayers more likely to face audits, IRS confirms

The IRS on Monday confirmed that Black taxpayers are significantly more likely to face an IRS audit, confirming earlier findings.

Published 16 May 2023
Categorised as Finance News

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