MoneyPage 4 of 7

76 articles

Economy, markets, debt, jobs, the Fed, and business

March PPI Rises 0.5% as Energy Surge Masks Flat Core Prices

Producer prices rose 0.5% in March, well below the 1.1% consensus estimate, as an 8.5% energy spike accounted for nearly all the increase while core wholesale inflation held at 0.2%.

MoneyApr 14

Amazon to Buy Globalstar for $11.6 Billion, Signs Deal for Apple to Use Its Satellites

Amazon agreed to acquire satellite operator Globalstar for $90 per share in a deal worth $11.57 billion. In a separate agreement, Apple will use Amazon's satellite network to power Emergency SOS and messaging on iPhones and Apple Watches.

MoneyApr 14

Evergrande Founder Pleads Guilty to Fraud in $335 Billion Collapse

Xu Jiayin, who built China Evergrande into the world's most indebted property developer before its 2021 default, pleaded guilty to eight criminal charges including fund-raising fraud and embezzlement at a Shenzhen court.

MoneyApr 14

Federal Judge Halts Arizona's Criminal Case Against Prediction Market Kalshi

A federal judge issued a temporary restraining order blocking Arizona from prosecuting Kalshi on 20 misdemeanor gambling charges, halting the first criminal case ever brought against a federally regulated prediction market.

MoneyApr 13

DOJ opens compensation process for OneCoin fraud victims as Cryptoqueen remains on FBI's most wanted list

The Justice Department launched a remission program for victims of the $4 billion OneCoin cryptocurrency Ponzi scheme, with claims due by June 30. Co-founder Ruja Ignatova has been missing since 2017.

MoneyApr 13

1,034 Hollywood Professionals Sign Open Letter to Block the $111 Billion Paramount-Warner Merger

Directors, actors, and producers including Denis Villeneuve, Joaquin Phoenix, and David Fincher declare "unequivocal opposition" to a deal that would reduce the major U.S. film studios from five to four, ten days before the shareholder vote.

PowerApr 13

FinCEN's New Whistleblower Program Excludes the People Most Likely to Find Financial Crimes

A proposed rule published April 1 would pay outsiders 10-30% of penalties for reporting money laundering and sanctions violations. Government employees -- the people with direct access to suspicious activity reports -- are excluded from awards. The comment period closes June 1.

MoneyApr 13

Novo Nordisk Launches Wegovy HD as Eli Lilly's $149 GLP-1 Pill Arrives

Two GLP-1 weight-loss drugs launched in the same week -- Novo Nordisk's Wegovy HD injection at $399/month delivers 21% weight loss, while Eli Lilly's Foundayo pill at $149/month offers 12% with the convenience of a daily tablet. Novo Nordisk's stock is down 46% in a year.

MoneyApr 12

SEC and CFTC Classify 16 Cryptocurrencies as Commodities, Not Securities

The two agencies signed a historic agreement to harmonize regulation and followed with an interpretive release naming Bitcoin, Ether, Solana, XRP, and 12 others as "digital commodities" -- ending years of jurisdictional turf wars over crypto oversight.

MoneyApr 12

Consumer Sentiment Crashes to Record Low 47.6 as Iran War Anxiety and Inflation Fears Converge

The University of Michigan's preliminary April reading of 47.6 is the lowest in the survey's 74-year history, with 98% of interviews conducted before the ceasefire. One-year inflation expectations surged to 4.8%, the highest since early 2025.

MoneyApr 11

IRS Issues Proposed Rules for the OBBBA's 1% Remittance Transfer Tax — Cash, Money Orders, and Traveler's Checks Only; No Safe Harbor for Small Providers

A 42-page Notice of Proposed Rulemaking published for public inspection Friday spells out how the Internal Revenue Service plans to collect the 1% excise tax on remittance transfers that the One, Big, Beautiful Bill Act imposed effective January 1, 2026. The tax hits only transfers funded with cash, money orders, cashier's checks, or (newly added) traveler's checks — not bank-account withdrawals or US card payments.

MoneyApr 11

Trump Signs Section 232 Proclamation Imposing 100% Tariff on Patented Pharmaceutical Imports — With Carve-Outs Down to Zero for Companies Accepting MFN Pricing

A proclamation signed April 2 and published in the Federal Register April 9 creates a six-tier tariff structure on patented drug imports: 100% default, 20% for companies with approved onshoring plans, 15% for EU/Japan/Korea/Swiss-Liechtenstein goods, 10% for UK goods, and zero for companies that sign both onshoring plans AND Most-Favored-Nation pricing agreements with HHS. Generics are exempt. Tariffs take effect July 31 for some companies and September 29 for the rest.