krisanapong detraphiphat | Moment | Getty ImagesInvestors are at a heightened risk of cryptocurrency scams tied to fake relationships established over social media, dating apps and networking sites, federal officials warn.Such frauds occur when scammers use dating apps, social media platforms, professional networking sites or encrypted messaging apps to pose...
Category: Finance
Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims
Revolut CEO, Nikolay Storonsky (L) and Meta CEO, Mark Zuckerberg.ReutersBritish financial technology firm Revolut on Thursday criticized Facebook parent company Meta over its approach to tackling fraud, saying the U.S. tech giant should directly compensate people who fall victim to scams via its social media platforms.A day after Meta announced...
SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits
A logo for financial service company Merrill Lynch is seen in New York.Emmanuel Dunand | Afp | Getty ImagesThe U.S. Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients' predesignated investment limits over a two-year period.Merrill, owned by Bank of America, and Harvest...
China central bank releases slate of support measures amid a deepening economic slump
Pan Gongsheng, governor of the People's Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China.Vcg | Visual China Group | Getty ImagesBEIJING โ China will cut the amount of cash banks need to have on hand, known as the reserve requirement...
Teslaโs Chinese rival Nio cuts price for new Onvo-branded car
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengHEFEI, China โ There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.Onvo, the lower-priced brand launched by premium electric car company Nio, announced its first...