Latest in Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds
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Meatpacking Companies to Pay $8 Million for U.S. Child Labor Violations
Perdue Farms and JBS have settled with the Labor Department after relying on migrant children to do dangerous work in their slaughterhouses. Most of the money will be used to help the children.The New York Times - 44m -
Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors
An investigation by the S.E.C. and several states found that the company had failed to notify investors of changes in the terms of some funds, leading to higher capital gains taxes.The New York Times - 2h -
Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds
The payment stems from a 2020 change by Vanguard that led to redemptions in one class of target date funds.CNBC - 7h -
Crypto firm Digital Currency Group to pay SEC $38.5 million for misleading investors
Digital Currency Group, the crypto firm founded by Barry Silbert, is paying the SEC $38.5 million for misleading investors.CNBC - 8h -
Vanguard to Pay $106.4 Million to Resolve Alleged Violations Linked to Retirement Funds
The SEC said a lack of notifications by Vanguard drove higher capital gains tax bills for many retail investors.The Wall Street Journal - 9h -
Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal regulators called “woefully incomplete” customer protections.The New York Times - 1d -
Vanguard fined more than $100 million by SEC over violations involving target date retirement funds
Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced ...NBC News - 9h -
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More than a million Haitians forced from their homes amid gang violence
UN agency says more than half of the displaced people are children, as gang attacks see upswing in Port-au-Prince. More than 1 million people have been forced from their homes in Haiti amid a ...The Guardian - 3d -
Robinhood to Pay $45 Million Fine to Settle SEC Charges
The upstart brokerage agreed to pay the Securities and Exchange Commission for failing to protect sensitive customer data, among other infractions.The New York Times - 4d -
More than a million student loan borrowers got debt forgiven in 2024. What to know at tax time
If your student loans were forgiven in 2024, you may be wondering if there are any tax implications.CNBC - 5d -
Vince McMahon, SEC reach deal over settlements
The SEC says it has settled charges against former WWE CEO Vince McMahon over his failure to disclose that he signed two settlement agreements worth $10.5 million with two women in order for them ...ESPN - Jan. 10 -
McMahon to pay millions for failing to disclose settlements: SEC
Vince McMahon will pay $1.7 million to for failing to disclose two settlements he had with employees while he ran the WWE.ABC News - Jan. 10 -
Tesla recalls more than 239,000 vehicles over rearview camera problem
A faulty rearview camera in some Teslas fails to properly display images, increasing the risk of a crash, traffic regulators say.CBS News - Jan. 10 -
Vince McMahon will pay $1.7 million to settle SEC allegations over hush money agreements
Former WWE impresario Vince McMahon agrees to settle allegations by the SEC that he paid millions in hush money to two women without telling his board.Los Angeles Times - Jan. 10 -
Microsoft contributes $1 million to Trump's inauguration fund
Microsoft would like President-elect Donald Trump to make sure that U.S. artificial intelligence policy in the next four years will support its goals.CNBC - Jan. 9 -
How much money you need to retire in every U.S. state—it's more than $700,000
Retiring in Hawaii costs over twice the U.S. average, making it the most expensive state for retirement.CNBC - Jan. 7 -
More than 700 McDonald’s workers join legal action over harassment claims
Hundreds of UK restaurants cited in allegations of discrimination, homophobia and sexual harassment. Business live – latest updates More than 700 junior McDonald’s workers have joined legal ...The Guardian - Jan. 7 -
Target-date funds — the most popular 401(k) plan investment — don't work for everyone
Target-date funds are poised to capture about two-thirds of all 401(k) contributions by 2027. While they benefit many investors, others may see drawbacks.CNBC - Jan. 6 -
FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds
Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problemFinancial Times - Jan. 6 -
FTSE 100 bosses make more money in 2025 by noon today than average worker in a year
Bosses to hit milestone on third working day of 2025 with median hourly pay of £1,298, says High Pay Centre. . The chief executives of FTSE 100 companies will have made more money in 2025 by midday ...The Guardian - Jan. 6 -
Private equity to lobby Trump for access to savers’ retirement funds
Industry hopes incoming administration will open long-restricted private investments to individual investorsFinancial Times - Jan. 6 -
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100% stocks for retirement? A new study says dump the 60/40 portfolio and target-date funds.
An all-equity portfolio, with a focus on international stocks, could be the key to maximizing retirement wealth, research suggests.MarketWatch - Jan. 4 -
CFP won't flip dates of semis despite SEC inquiry
The College Football Playoff will not flip the dates and times of the Goodyear Cotton Bowl Classic and the Capital One Orange Bowl after SEC commissioner Greg Sankey said he asked about the ...ESPN - Jan. 4 -
Do stock holdings reflect individual risk preferences or the growing use of target-date funds?
I suspected most financial assets were in 401(k) plans and most 401(k) holdings were directed by target-date funds, but the data told a somewhat different story.MarketWatch - Jan. 4 -
Trump Has Reeled in More Than $200 Million Since Election Day
The president-elect has boasted about the donations for his inauguration, library and political activities from those seeking favor or perhaps in some cases, atonement.The New York Times - Jan. 4 -
Jimmy Butler suspension: NBPA will file grievance to recoup more than $2M in wages over next seven games
Things are getting extremely contentious in MiamiCBS Sports - Jan. 4 -
Helping boomers spend their retirement funds is harder than it sounds
Worries about running out of money makes people frugal and wary of taking any big pension decisionsFinancial Times - Jan. 3 -
Apple Agrees to Pay $95 Million to Settle Lawsuit Over Recordings Tied to Siri
The class-action lawsuit alleged the company obtained private communications and shared them with third parties without consent through Siri.The Wall Street Journal - Jan. 2 -
More than 1 million still without power in Puerto Rico
Many in Puerto Rico started 2025 without electricity as the local power company said it could take another day to turn the power back on after a blackout impacted most of the island.CBS News - Jan. 1
