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Edmonton police lay more than 160 charges in online fraud investigation
Global News

Edmonton police lay more than 160 charges in online fraud investigation

A nearly two-year-long investigation has led to dozens of charges in connection with a series of online frauds. Edmonton police started looking into reports of marketplace frauds in December 2020.In each incident, a suspect responded to an online ad on Facebook Marketplace or Kijiji and, due to the pandemic, asked the seller to bring the item to a specified address for a contactless delivery. Read more: Defence lawyers to stop taking new legal aid files as dispute with Alberta continues Read More Defence lawyers to stop taking new legal aid files as dispute with Alberta continues The seller then brought the item to the address, left and waited for an e-transfer...
Cardi B wants her kids to ‘ball’ | Entertainment
Entertainment

Cardi B wants her kids to ‘ball’ | Entertainment

Cardi B is happy to indulge her children.The chart-topping rap star - who has Kulture, four, and Wave, 12 months, with her husband Offset - is determined to "ball" during her adult life after she struggled for money during her own childhood.Cardi, 29 - who married Offset in 2017 - wrote on Twitter: "I know I can be a little extra when it comes to my kids but I ain’t really had s*** growing up soooo yea imma ball (sic)"Cardi is now one of the best-selling artists in the world and has already won a host of awards during her rap career.But the 'WAP' hitmaker previously claimed she was actually happier before she became famous.Cardi - who worked as a stripper b...
Statistics Canada set to release GDP figures for June, Q2 – National
Global News

Statistics Canada set to release GDP figures for June, Q2 – National

Statistics Canada is expected to release its latest reading on economic growth Wednesday morning. The agency is set to release gross domestic product figures for the month of June and the second quarter of this year.A preliminary estimate for the second quarter provided in Statistics Canada’s last report pointed to 4.6 per cent annualized growth, up from 3.1 per cent for the first three months of the year.RBC says GDP likely rose in the second quarter but there are “clear signs” it began losing steam over May and June. Trending Stories The central bank has called the Canadian economy “overheated” and has been combatting high inflation with a series of interest rate hikes. Story continues below advertisement With the annual inflation r...
What’s in the New 401(k) Retirement Bills | 401ks
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What’s in the New 401(k) Retirement Bills | 401ks

Retirement plans could see some major changes if proposed new legislation is approved by Congress. “They have so many bills,” says Ed Slott, president and founder of Ed Slott and Company. “Some people call the whole batch SECURE 2.0. There’s an EARN Act (Enhancing American Retirement Now). One is the Retirement Protection Act. There’s a bunch of different acts here.”These retirement bills would: Increase the maximum annual contribution for retirement accounts by $4,000. Increase the age when you must begin required minimum distributions. Require automatic enrollment and escalation for employer-sponsored plans. Increase the amount for the catch-up provision for those 50 and older. Allow employers to help those who are burdened with student debt save for retirement. Many of the chang...
Over half of Bitcoin’s daily trading volume fake globally: Report
Business

Over half of Bitcoin’s daily trading volume fake globally: Report

More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest cryptocurrency nosedives again amid global economic turmoil. According to a Forbes analysis of 157 crypto exchanges and trading platforms, more than half (51 per cent) of all reported trading volume is likely to be fake or non-economic. "We estimate the global daily bitcoin volume for the industry was $128 billion on June 14. That is 51 per cent less than the $262 billion one would get by taking the sum of self-reported volume from multiple sources," the report mentioned. Bitcoin represents 40 per cent of the $1 tri...
Magna posts Q2 loss as China lockdowns, supply chain woes weighed
Global News

Magna posts Q2 loss as China lockdowns, supply chain woes weighed

Magna International Inc. said Friday that COVID-19 lockdowns in China and a stronger U.S. dollar relative to other currencies, particularly the euro, negatively impacted the company’s second-quarter results. “The China COVID lockdowns in the quarter created further supply chain bottlenecks that are still being felt in the industry,” CEO Seetarama Kotagiri said on a conference call with analysts.He expects the constraints to continue throughout 2022, but the company lifted its full-year sales forecast as it anticipates an improvement leading to greater production levels in the back half of the year.There is also some risk moving forward that high inflation and rising interest rates will impact auto consumers, he noted. Read more: Magna International to open electric ...
Twitter, Elon Musk lawsuit set for Oct. 17 court date – National
Global News

Twitter, Elon Musk lawsuit set for Oct. 17 court date – National

A Delaware judge ordered a five-day trial to run Oct. 17-21 in Twitter Inc‘s lawsuit seeking to hold Elon Musk to his US$44 billion deal for the social media platform, according to a court filing made public on Friday. Musk, the world’s richest person and chief executive of Telsa Inc, also must file any counterclaims by 5 pm ET on Friday, according to the order signed Thursday by Chancellor Kathaleen McCormick of the Delaware Court of Chancery. Read more: Twitter blames Elon Musk, weak ad market for earnings shortfall Musk’s lawyers have said he might file counterclaims, essentially his own lawsuit against Twitter, in which he could seek financial damages for the disputed deal. Trending Stories ...
Why Illiquid Wealth is Valuable to Financial Advisors | Financial Advisors
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Why Illiquid Wealth is Valuable to Financial Advisors | Financial Advisors

Small business has long been said to be the backbone of the U.S. economy for its ability to create new jobs and spur job expansion. In fact, small business creates two-thirds of new jobs and employs 46.8% of the private workforce, according to 2021 Small Business Administration data. The COVID-19 pandemic hit small businesses hard, especially minority-owned businesses. However, many have rebounded and continue to grow. Financial advisors often market to a niche of potential clients, and business owners are regularly cited as an optimal market. However, when advisors talk with a prospective client about their current investments, rarely do they discuss one of the largest allocations in the client's portfolio – their ownership interest in the business itself. In doing so, they miss out on...
What’s in, and out, of Democrats’ climate, health care and inflation bill
Health

What’s in, and out, of Democrats’ climate, health care and inflation bill

Manchin, Schumer strike an abrupt deal on health, energy, taxes bill Sen. Joe Manchin said the new measure "would dedicate hundreds of billions of dollars to deficit reduction by adopting a tax policy that protects small businesses and working-class Americans while ensuring that large corporations and the ultra-wealthy pay their fair share in taxes." WASHINGTON - What started as a $4 trillion effort during President Joe Biden's first months in office to rebuild America's public infrastructure and family support systems has ended up a much slimmer, but not unsubstantial, compromise package of inflation-fighting health care, climate change, and deficit reduction strategies that appears headed toward quick votes in Congress. Lawmakers are poring over the $739 billion proposal struck by t...
Asset Management Definition | U.S. News
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Asset Management Definition | U.S. News

What Is Asset Management?Asset management is a subset of wealth management and refers to the practice of buying and monitoring securities, real estate and other investment products to generate a return for clients.An asset manager works with individuals, organizations and institutions and oversees their assets, including money, real estate and securities. They may manage their assets through hedge funds, private equity funds, stocks, mutual funds and other investment vehicles. Although the primary goal of an asset manager is to help the client earn money, they also must protect the client's money by assessing and lowering their risk level. They provide these services for a fee, usually calculated as a percentage of the value of the assets they manage.Compare OffersCompare OffersAd discl...