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Michael Nagle/Bloomberg via Getty Images Morgan Stanley will repay $1.7 million to customers who paid high costs on investments earmarked for education expenses like college tuition. The brokerage firm is paying the sum, including nearly $1.5 million in restitution plus interest, to about 2,300 customers who are saving money in 529 plans, the Financial Industry
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File photo showing stimulus checks printed at the Philadelphia Financial Center in Philadelphia, Pennsylvania. Jeff Fusco | Getty Images Efforts to boost the direct payments in the year-end coronavirus relief bill to $2,000 stalled Wednesday as Senate Republican leaders and Democrats appeared divided over whether to send more relief. The Democratic-held House has approved a
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Treasury Secretary Steven Mnuchin answers questions during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash | Pool | Reuters WASHINGTON — The Trump administration will begin sending stimulus payments to millions of Americans
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SINGAPORE — The increasing regulatory scrutiny of Alibaba-affiliate and financial technology powerhouse Ant Group could be bad for the Chinese economy as well as China’s financial technology sector, says Andrew Collier, managing director of Orient Capital Research. The highly-anticipated listing of Chinese tech giant Ant Group — which was set to be the world’s largest
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A U.S. Congressman-elect from Louisiana who was 41 years old has died after a battle with Covid-19, his spokesman announced Tuesday night. Luke Letlow, a Republican, was elected as U.S. representative for Louisiana’s 5th Congressional District in a December runoff. Letlow spokesman Andrew Bautsch confirmed the congressman-elect’s death at Ochsner-LSU Health Shreveport on Letlow’s Facebook page.
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US President-Elect Joe Biden talks to reporters after delivering remarks, before the holiday, at The Queen in Wilmington, Delaware on December 22, 2020. Alex Edelman | AFP | Getty Images President-elect Joe Biden on Tuesday criticized the Trump administration’s effort to distribute and administer Covid vaccine shots, saying that the administration has failed to meet
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U.S. Senate Majority Leader Mitch McConnell (R-KY) talks with reporters following the weekly Republican Senate conference meeting in the Mansfield Room at the U.S. Capitol in Washington, December 1, 2020. Tom Williams | Reuters The Senate returns to Washington on Tuesday facing pressure to increase direct payments in the year-end coronavirus relief bill to $2,000.
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Volunteers from Forgotten Harvest food bank at a mobile pantry distribution before Christmas in Warren, Michigan, on Dec. 21, 2020. Emily Elconin | Reuters President Donald Trump signed the $900 billion coronavirus relief bill on Sunday, solidifying another round of aid to Americans. Still, millions of families are staring down a gap in benefits that
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U.S. President-elect Joe Biden delivers a speech after a conference video call focused on foreign policy at his transition headquarters in Wilmington, Delaware, December 28, 2020. Jonathan Ernst | Reuters President-elect Joe Biden said Monday his transition team has run into “roadblocks” and “obstruction” from Trump administration officials at key agencies, hindering the incoming Biden
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JPMorgan Chase has agreed to purchase the credit card rewards and travel operations of a former partner to bolster its loyalty program, CNBC has learned. The bank agreed Monday to acquire the technology platforms, travel agency, gift card and points businesses of cxLoyalty Group, a privately-held Stamford, Connecticut-based company, according to a person with direct
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