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Denish, Also Known As Danny Devan, A TikTok Influencer, Used BTC To Illegally Launder Money From The COVID Relief Fund
Friday, June 9, 2023 - 11:40am | 320Denish Sahadevan, a 31-year-old social media influencer known as Danny Devan, has pleaded guilty to a series of criminal charges related to money laundering using cryptocurrency. The US Department of Justice (DoJ) revealed that Sahadevan fraudulently obtained over $1.2 million in government relief...
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Is Nancy Pelosi Betting Big On Hotels? A Look At An Investment The US Speaker Of The House Made
Friday, September 9, 2022 - 5:25pm | 492One of the sectors hit hardest during the COVID-19 pandemic was hospitality, which included restaurants and hotels. A member of the U.S. Congress could be betting on the comeback of hotels with a recent investment in an LLC that owns hotels. What Happened: Speaker of the House Nancy Pelosi recently...
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Fintech Focus For August 18, 2021
Tuesday, August 17, 2021 - 4:51pm | 1927Quote To Start The Day: “For too long, Wall Street has had an unfair advantage over Main Street by accessing data and information before smaller investors. Benzinga’s core mission is to bring easier-to-consume news to retail investors, in order to even the playing field between main...
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FuelCell Repays $6.57M PPP Note
Friday, February 12, 2021 - 4:36pm | 272Clean energy manufacturing company FuelCell Energy Inc (NASDAQ: FCEL) has repaid the entirety of a $6.57-million Paycheck Protection Program (PPP) CARES Act claim made last year. The PPP is a Small Business Administration-backed loan program that helps small businesses keep their workforce employed...
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How The Restaurant Industry Will Be Served Under Latest PPP Relief
Monday, December 21, 2020 - 3:45pm | 312U.S. lawmakers agreed over the weekend to implement a new $900 billion stimulus bill that's "better than nothing, yet still a disgrace," according to Andrew Rigie, executive director of the NYC Hospitality Alliance. PPP Round 2: Part of the government's plans include a new round...
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Buffett: Small Businesses Have Become Collateral Damage, Congress Should Renew PPP
Tuesday, December 15, 2020 - 10:12am | 425Legendary investor Warren Buffett joined Goldman Sachs Group Inc (NYSE: GS) CEO David Solomon and CNBC’s Becky Quick on “Squawk Box” for a phone interview Tuesday to discuss the impact of the pandemic on small businesses. The Pandemic And Small Business: The CEO of Berkshire...
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How Kevin O'Leary's Beanstox App Helps Unlock Financial Independence
Monday, December 7, 2020 - 12:05pm | 766One-third of the population has no plan for retirement. That’s according to famed investor and businessman Kevin O’Leary, who spoke with Benzinga about his experiences during the coronavirus pandemic — and financial literacy initiatives for 2021. In March...
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'Better Than Expected': Stock Market Update For The Week Ahead
Sunday, October 11, 2020 - 6:35pm | 1496The Past Week, In A Nutshell What Happened: Last week ended positive alongside progress in stimulus talks. Remember This: “Very rarely in the last 10 years have we seen earnings estimates moving higher after a quarterly reporting season,” said Art Hogan, chief market strategist at...
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Fintech Focus For October 9, 2020
Thursday, October 8, 2020 - 7:04pm | 2287Quote Of The Day: The only person you are destined to become is the person you decide to be. - Ralph Waldo Emerson Fintech Movers: Electronic trading giant Citadel Securities will bolster its already huge presence at the New York Stock Exchange by buying the NYSE market-making business of smaller...
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Stock Index Futures Reverse After Trump's Tweet Supporting Airline Relief, PPP
Wednesday, October 7, 2020 - 2:32am | 634U.S. markets fell sharply on Tuesday as President Donald Trump stalled the stimulus talks. Dow Jones and the S&P 500 futures have reversed course after Trump tweeted in support of signing the $25 billion airline relief package and $135 billion Paycheck Protection Program late Tuesday. What...
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MX Unlocks Access To Open Standards With Financial Data API
Thursday, September 3, 2020 - 9:38am | 346MX, a platform for building modern financial solutions, formally announced the launch of Open, a platform for tailored digital, data-driven experiences. What Happened? MX is a holistic platform for financial data. As part of a vision to unlock access to open standards in the financial system, MX...
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Fintech Focus For August 13, 2020
Wednesday, August 12, 2020 - 5:20pm | 1461Daily Perspective: Accept my money, or die. - Kublai Khan Fintech Movers: I wouldn't be surprised to see exchanges charging for [crypto] data ... like exchanges used to not charge for data in U.S. equities. - Ronan Ryan Huntington selects BillGo as partner. Cash App tests new borrowing tech....
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American Express In Talks With Kabbage Over $850M Acquisition: Report
Tuesday, August 11, 2020 - 1:25pm | 323American Express Company (NYSE: AXP) is in talks with Kabbage, an online fintech lender backed by Softbank (OTC: SFTBY), over an $850 million acquisition, according to Bloomberg. What Happened? After a tumultuous first and second quarter, Kabbage, one of the largest lenders by application...
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'Be Wary Of Cashing In': Stock Market Update For The Week Ahead
Sunday, August 2, 2020 - 12:07pm | 2260The Past Week, In A Nutshell What Happened: Stocks closed the week practically unchanged after mixed reactions to a slew of blow-out earnings results. Remember This: “Although the stock market will certainly experience pullbacks, disappointments and corrections along the way, the horses have...
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Stock Market Update For The Week Ahead: 'Cautious Attitude'
Sunday, July 19, 2020 - 5:32pm | 2080The Last Week In A Nutshell What Happened: “U.S. stocks are closing in on record highs. But behind the scenes, uneasy investors are keeping their options open,” said Lindsey Bell, chief investment officer for Ally Financial Inc-owned (NYSE: ALLY) Ally Invest. “They’ve bought...