Columbus, OH

Wells Fargo, Morgan Stanley and Bank of America are among a group of Wall Street banks accused of bilking customers out of billions of dollars in interest payments, according to a new report. The U.S. Securities and Exchange Commission is probing the banks to determine whether they purposefully directed clients...

Wells Fargo, Morgan Stanley and Bank of America Accused of Cheating Customers Out of Billions of Dollars in Interest Payments: Report

The Motley Fool

The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.

Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

Reuters

BARCELONA/LONDON (Reuters) - Canadian fund Brookfield is in talks with banks to raise funds for its possible takeover bid for beleaguered Spanish drugmaker Grifols, two people familiar with the matter said on Wednesday.

Brookfield in talks with banks for funding Grifols' takeover bid, sources say

LONDON (Reuters) - Revolut founder and CEO Nik Storonsky had a simple message for his employees at the company's summer drinks last year: make the financial technology firm bigger, better and beat the banks, a person who was there said.

Revolut's Storonsky takes big step forward in battle with the banks

Money Week

Consider these dividend super aristocrats that have increased their payout for up to 60 years in a row.

8 dividend super aristocrats to look out for

New York City, NY

Nassau County, NY

A convicted New York drug dealer and predatory lender who was freed from federal prison after his sentence was commuted in 2021 by then-President Donald Trump was arrested on assault charges. Jonathan Braun is accused in Nassau County court of assaulting his elderly father-in-law as he tried to protect his...

New York drug dealer whose prison sentence Trump commuted arrested on assault charges

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Business Insider

While some companies are moving away from diversity programs, it's something a majority of Americans support, per an April poll.

Companies from Harley-Davidson to John Deere are backing down on DEI

Wealthy businessman Timothy Mellon and former New York Mayor Michael Bloomberg wrote huge, eight-figure checks in July to support major Republican and Democratic super PACs, respectively, gearing up for the 2024 election. Mellon, who donated $50 million in May to Make America Great Again Inc., the super PAC that supports...

Billionaires Timothy Mellon and Mike Bloomberg inject massive sums into 2024 super PACs

USA TODAY

The Consumer Financial Protection Bureau is looking into the handling of Zelle transactions by big banks, according to a Wall Street Journal report.

Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle

CNBC brings you fast, accurate, and actionable business news and market updates.

News Update – Late Morning

CNBC's Deidre Bosa joins 'The Exchange' with details about how top AI names are pushing back against regulatory efforts.

Google, OpenAI & others oppose California AI safety bill

Kansas State

Elkhart, KS

The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million. Shan Hanes, pronounced Shane, sent the funds from Heartland Tri-State Bank to cryptocurrency wallets controlled by scammers who had duped him in a "pig butchering" scheme that appealed to his greed, federal prosecutors said.

Cryptocurrency 'pig butchering' scam wrecks Kansas bank, sends ex-CEO to prison for 24 years

'Mad Money' host Jim Cramer takes a look at the Fed's next move and the state of the consumer.

We have to rethink how strapped the consumer really is, says Jim Cramer

Houston, TX

This story is part of CNBC Make It's Six-Figure Side Hustle series, where people with lucrative side hustles break down the routines and habits they've used to make money on top of their full-time jobs. Got a story to tell? Let us know! Email us at AskMakeIt@cnbc.com. When Leena Pettigrew...

44-year-old’s garage side hustle brings in $148,600 a year: ‘You don’t have to have business experience’

Billionaire investor Carl Icahn is no stranger to controversy, but it’s usually because he’s embroiled in corporate takeovers, not from being in hot water with the top securities regulator. Icahn and his investment firm, Icahn Enterprises (IEP), paid $2 million to settle a Securities and Exchange Commission probe...

Icahn's $2 million "whoopsie daisy"

Yields and prices move in opposite directions. One basis point equals 0.01%. Powell is set to give a speech at the annual Jackson Hole symposium on Friday. His comments come after the release of minutes from the central bank's July policy meeting. The minutes showed the "vast majority" of Fed...

Treasury yields rise as traders await Powell remarks

Homebuyers will now need to negotiate how much they pay their real estate agent before starting their home search — a rule change that's upended how home purchasing has worked for decades. The change — effective Aug. 17 — comes from a court settlement involving the National Association of...

Homebuyers now have to negotiate agent fees upfront—upending how the real estate industry has worked for decades

The U.S. Securities and Exchange Commission announced charges against billionaire Carl C. Icahn and his publicly traded company, Icahn Enterprises LP (Nasdaq: IEP), for failing to disclose personal loans worth billions of dollars that were secured using securities of IEP as collateral. IEP and Icahn agreed to pay $1.5 million and $500,000 in civil penalties, respectively, to settle the SEC’s charges.

Billionaire Carl Icahn Pays $2 Million to Settle SEC Investigation

NewsBreak

Deutsche Bank shares rise 4% after settlement of bulk of claims in long-running Postbank suit

Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than...

Deutsche Bank shares rise 4% after settlement of bulk of claims in long-running Postbank suit

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