FTC Terminates Credit Repair Pyramid Scheme Financial Education Services, Which Billed Consumers More Than $213 Million

The Federal Trade Commission has taken action against Financial Education Services and its owners, Parimal Naik, Michael Toloff, Christopher Toloff and Gerald Thompson, as well as several related companies, for defrauding consumers of more than $213 million. In response to a complaint filed by the FTC, a federal court temporarily ended the widespread fake credit … Read more

Stocks rally as volatile trading continues

US stocks pared losses on Tuesday, extending a string of volatile trading after last week’s jump broke the longest period of declines for the S&P 500 in more than 20 years. The benchmark rebounded from a drop of more than 1% to stay flat, trying to enjoy its best week since November 2020. The Dow … Read more

It’s time for doom in technology

The tech industry is experiencing an earthquake. The five biggest US tech giants have collectively lost more than $2 trillion in stock market value this year. In companies large and small, there are regular announcements of hiring slowdowns or layoffs, including on Facebook, Uber, Robinhood and the celebrity video app Cameo. Startup founders who were … Read more

Bitcoin price rises to $32,300, but three factors could limit its recovery

Bitcoin (BTC) price action has been surprisingly bullish since May 27. Weekends, especially holidays, are notoriously volatile and indecisive, with wide swings in price movements being the norm. Even in bull markets, bearish price action is often the norm, but BTC has bucked that trend. Daily Chart BTC/USD (Coinbase) Source: TradingView Bitcoin is up nearly … Read more