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Monthly Archives: January 2023

Sam Bankman-Fried pleads not guilty as FTX task force created

The Manhattan U.S. Attorney’s Office said Tuesday it had created an FTX Task Force to trace and recover assets of victims of the cryptocurrency exchange firm’s collapse and to handle investigations and prosecutions related to the company and other entities. The announcement came as FTX founder and former CEO Sam …

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How to take advantage of higher 401(k) contribution limits for 2023

Designer491 | Istock | Getty Images If you’re eager to boost your retirement savings, there’s good news for 2023: higher 401(k) contribution limits. And now is the time to adjust your deferrals, financial experts say. You can funnel $22,500 into your 401(k), 403(b) and other such plans for 2023, up …

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Regulators warn U.S. banks on crypto risks including ‘fraud and scams’

Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.” Yuriko Nakao | Getty Images U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes …

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Microsoft recognizes its first union as ZeniMax QA testers organize

Lisbon , Portugal – 3 November 2022; Brad Smith, Vice Chair and President, Microsoft, at a press conference during day two of Web Summit 2022 at the Altice Arena in Lisbon, Portugal. Stephen McCarthy/Sportsfile for Web Summit via Getty Images) Stephen McCarthy | Sportsfile | Web Summit | Getty Images …

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Apple’s market cap falls under $2 trillion as sell-off continues

Tim Cook walks in the Paddock prior to the F1 Grand Prix of USA at Circuit of The Americas on October 23, 2022 in Austin, Texas. Jared C. Tilton | Getty Images Apple shares fell more than 3% trading on Tuesday, giving the iPhone maker a market capitalization under $2 …

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Sam Bankman-Fried pleads not guilty to fraud charges in New York

Sam Bankman-Fried pleaded not guilty in New York federal court Tuesday to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research. The onetime crypto billionaire was indicted on charges of conspiracy to commit wire fraud and securities fraud, individual charges of securities …

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Mega Millions jackpot is $785 million. Why the lump sum is overrated

This could be a very good year for one lucky winner of the fourth-largest jackpot in Mega Millions history. And yet, kicking off 2023 with $785 million could have a downside. “The curse of the lottery losers is very real,” said Andrew Stoltmann, a Chicago-based lawyer who has represented several …

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3 changes in Secure 2.0 for 401(k), IRA required minimum distributions

President Joe Biden signed a $1.7 trillion legislative package on Dec. 29, 2022 that has several updates for retirement savers. Drew Angerer | Getty Images News | Getty Images 1. Raising the RMD age to 73 (and eventually 75) Currently, savers have to start taking RMDs at age 72. The …

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Mega Millions jackpot is $785 million. Here’s the tax bill

Anadolu Agency | Anadolu Agency | Getty Images Of course, the advertised amount is only what you’d get if you were to choose to take your winnings as an annuity spread over three decades. The lump-sum cash option — which most winners choose — for this jackpot is $403.8 million, …

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Home price gains weakened sharply in November

A sign is posted in front of a home that is for sale on December 19, 2022 in Los Angeles, California. Mario Tama | Getty Images Home prices are falling into a deep winter chill, as higher mortgage rates push more buyers to the sidelines. Prices in November were still …

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