Fraud keeps some valid recipients of unemployment benefits from receiving funds

For Dara Haenel, work has been scarce. The 34-year-old tax preparer and single mother, like millions of others statewide, saw her livelihood dry up shortly after the coronavirus pandemic hit early last year. So Haenel, a Compton resident, joined more than 8 million others in turning to the California Employment Development Department for help — enrolling, for the first time in her life for unemployment benefits. For months, Haenel received money on a debit card issued by Bank of America, the des...
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From cutting all ties with Trump to pulling political donations, here's how corporate America has responded to the Capitol insurrection

The US Capitol during riots on January 6. REUTERS/Leah Millis During the US Capitol insurrection, businesses condemned the rioters. In the days after, they swapped words for concrete action. Some have cut off all political funding, others have severed ties with President Donald Trump. Here's how social-media giants, banks, retailers, and other firms have reacted. Visit Business Insider's homepage for more stories. Since rioters stormed the US Capitol on January 6 in a desperate bid to over...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Twitter, Business, Politics, White House, US, America, Trends, Social Media, Joe Biden, New Jersey, Pga, Reddit

Amazon joins Airbnb, Marriott, and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Amazon has become the latest US corporate giant to cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. It joins Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, Boston, US, Trends, Tech, General Motors, Bloomberg, Joe Biden

Walmart, Amazon and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Walmart will halt political donations to lawmakers that opposed certifying president-elect Joe Biden's victory. It joins Amazon, Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Walmart, Bloomberg, Joe Biden

JPMorgan, Citibank, Microsoft, and Facebook are pausing all political donations to both Republicans and Democrats after the Capitol siege

Getty After Wednesday's Capitol siege, top US firms are suspending political donations. JP Morgan, Citibank, Facebook, and Microsoft have said they are temporarily stopping all donations to both Democrats and Republicans. Other companies are cutting off donations specifically to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Visit Business Insider's homepage for more stories. JPMorgan, Citibank, Facebook, and Microsoft have all said they will temporarily pause p...
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Marriott, Morgan Stanley, Dow, and other US firms are cutting off donations to Republican politicians that opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats comple...
Tags: Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc

Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan and Citibank said they will temporarily pause all political donations to both Republicans and Democrats completely. Last We...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra

In the wake of the Capitol siege, Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president, and Goldman Sachs is reportedly likely to follow suit. JP Morgan and Citigroup have all said they will temporarily pause all political donations to both Republicans ...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra

Currency Comptroller’s Proposed Rule Breaks Banking Discrimination

By Larry Keane The Office of the Comptroller of the Currency released a proposed rule denying businesses from discriminating against gun companies. IMG iStock-1218242492 U.S.A. -(AmmoLand.com)- The days of corporate banking overlords forcing discriminatory policies on lawful industries is, hopefully, coming to an end. The Office of the Comptroller of the Currency released a proposed rule that would end the practice of unaccountable banking executives denying firearm industry businesses bank...
Tags: Texas, Guns, Obama, Congress, America, Idaho, House Of Representatives, Citigroup, Wells Fargo, IMG, OCC, NSSF, Mike Crapo, Senate Banking Committee, Department of Justice DOJ, Blaine Luetkemeyer R Mo

Jack Ma's Ant Group aims to raise $34.5 billion in largest IPO of all time

Ant Group logo is pictured at the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China September 14, 2020. Aly Song/Reuters Ant Group will raise $34.5 billion through a dual initial public offering in November, making it the biggest-ever IPO.The financial services giant aims to evenly split its 1.67 billion-share debut across the Hong Kong and Shanghai exchanges.Shar...
Tags: Hong Kong, US, Trends, Markets, IPOs, Shanghai, Alibaba, Alipay, Ant Financial, Jack Ma, Initial Public Offering, Ant, Financial Technology, Saudi Aramco, Jpmorgan, Initial Public Offerings

Intel will plunge 17% as 3 major problems boost headwinds, Bank of American says in downgrade

Justin Sullivan/Getty Images Intel shares were downgraded to "underperform" by Bank of America analysts on Friday after the company's third-quarter report signaled weakened second-half performance.The team also lowered its price target for the company's shares to $45 from $60, implying a 17% decline from Thursday's closing level over the next 12 months.Intel's delay in producing next-generation chips harm its competitiveness, as does a shift in demand from its core server business, the ana...
Tags: US, Samsung, Trends, Bank Of America, Intel, Nvidia, Biden, TSMC, Jpmorgan, Advanced Micro Devices, Vivek Arya, Bank of American, Ben Winck, Justin Sullivan Getty Images Intel

Visa and Mastercard battle for fintechs — JPMorgan, Bank of America rethink branches — Snowflake's IPO soars

Snowflake CEO Frank Slootman Snowflake Hi!In a word: Snowflake.That's what Wednesday was all about, as the cloud-data startup made its much-anticipated appearance on the public markets. The result? The largest initial public offering ever for a software company, raising $3.4 billion. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.Like the newsletter? Hate the newsletter? Feel free to drop me a line at dd...
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The exec behind Microsoft's flagship database software says it's surpassed longtime leader Oracle thanks to a 'laser' focus on customers and building tools 'you didn't need to be a rocket scientist' to use (MSFT)

Microsoft's flagship database software used to be a runner-up to Oracle, but has gained favor among iT buyers in recent years. Rohan Kumar, the Microsoft executive in charge of SQL Server, said that's because the company made changes to the software to focus on top enterprise customers and to make it easy for developers to use. Kumar also said Microsoft's cloud computing and data analytics services are to thank, as customers plan for a long-term shift to the cloud. Oracle did not respond to a...
Tags: Microsoft, Trends, Gartner, Signal, Amazon Web Services, Kumar, Bank of America Merrill Lynch, Microsoft Azure, Rangan, Bank of American, Rohan Kumar, Azure Data, Kash Rangan Oracle, Global Technology Conference Microsoft

Texas ATM Gives Out $100 Bills Instead Of $10 Bills

Bank of American says customers who got the extra cash over the weekend at a Houston ATM may keep the money. Until police showed up, that ATM was pretty popular.
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Texas ATM Gives Out $100 Bills Instead Of $20 Bills

Bank of American says customers who got the extra cash over the weekend at a Houston ATM may keep the money. Until police showed up, that ATM was pretty popular.
Tags: Texas, News, Bank of American, Houston ATM

Most Popular Credit Card Bonuses Last Year

Sign up bonuses from credit cards are one of my favorite ways to make money! However, the cards that I pick up in my quarterly application sprees are very personalized. I thought it would be fun to look back at the most popular offers last year based on reader preferences instead of the cards that I picked up. Most Popular Credit Card Bonuses Last Year Looking at the trends of the cards that My Dollar Plan readers prefer, it’s clear that the most popular sign up bonuses are those that can b...
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Details are Out on Bank of America’s Entry into the Premium Rewards Card Space

Details on Bank of American's new premium Visa product, the Bank of America Premium Rewards credit card, are now out and confirmed. The card will launch next month. And despite the way the bank is pitching the card, and the Wall Street Journal is covering it, this does not appear to be a competitor to the Platinum Card by American Express or Chase Sapphire Reserve. It's not in the super premium card space. Continue reading Details are Out on Bank of America’s Entry into the Premium Rewards C...
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