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Throughout National Financial Capability Month, the DFPI will feature information and resources to help consumers protect themselves from scams and fraud. The Federal Trade Commission (FTC) recently released its 2023 Data Book identifying scams and fraud as some of the top crimes in the U.S. According to the report, people lost $10 billion to scams last year, $1 billion more than in 2022. The DFPI has recently updated its most popular consumer education booklet, Protect Yourself from Fraud . This highly valued consumer resource includes critical information on how to spot, prevent, and report financial fraud, with lots of u...

Explore More Carl Icahn-owned investment firm Icahn Enterprises on Friday halved its quarterly payout, months after short-seller Hindenburg Research accused it of operating a "Ponzi-like" structure to pay dividends. The company's shares tumbled 23%, adding to the 35% drop since the short seller disclosed its position on May 2. Hindenburg said Friday it remained short on the company, in a post on messaging platform X, formerly known as Twitter. Icahn is one of the industry's best-known activist investors as he has taken on numerous companies that he believed to be overvalued, but Hindenburg's attack represented a rare challenge to his own company. "Icahn Enterprises will eventually cut or eliminate its dividend entirely, barring a miracle turnaround in investment performance," Hindenburg said when it had announced its sh...

"A photo op after a '$1,000 shopping spree' awarded by the company," the author writes. "I ended up spending well over the allotted $1,000, including getting a babysitter for the day. But it looked good on social media!" Photo Courtesy Of Emily Lynn Paulson Everyone has one of "those" friends: the neighborhood mom who sells leggings, or maybe it's cookware, or makeup. Their aspirational (and, frankly, annoying) social media posts suggest that other women can also "build their best lives" and "earn money in their spare time." They cast their "businesses" alternately as empowerment projects, community-building ventures, or money-making enterprises depending on the filtered, Photoshopped post. I know all of this because I was that friend. In the early 2010s, multilevel marketing companies took off through social media; promises of financial freedom, friendships, and fabulous trips and gifts flooded my timeline, and my...

What Happened Inspired by popular classics such as Pokemon and Tamagotchi, Axie Infinity is a multiplayer online game built on the Ethereum network that allows players to breed, raise, battle, and trade Axie creatures. Axies are the collectible NFT monsters required to play the game. Each player must own at least three Axies. Released in 2018, Axie Infinity is the first blockchain-based video game to popularize the term "Play to Earn". Play to Earn is a recent phenomenon that rewards players of blockchain games with token rewards for engaging in various activities within the virtual gaming environments. This emerging field in crypto is also referred to as 'GameFi'. In the case of Axie Infinity, players are able to earn two tokens, Axie Infinity Shards (AXS) and Smooth Love Potion (SLP). AXS serves as the game's governance token, allowing token holders to vote on the future development of the gaming experience. SLP is the in-game currency used to breed ...

Politics Trump scores rare legal win as judge cancels trial over his endorsement of multilevel-marketing 'videophone' company Jacob Shamsian ...

Key Insights This relatively new brokerage offers free trading of all accessible assets, including options. There's a solid screening and trading platform, and it's the only brokerage firm U.S. News has covered that has no per-contract fees on options trades. The platform's options trading service is quite comprehensive, with an array of available strategies. Still, there are many assets missing here, such as mutual funds, bonds and foreign exchange trading. Investors looking for financial advisors, managed portfolios or robo-advisors will need to look elsewhere, and the company's customer service track record could be better. Webull At a Glance In just a few years, Webull has taken the brokerage industry by storm. Founded in 2017, the fintech company launched an investment platform for self-directed investors in stocks, exchange-traded funds, cryptocurrency and options. Free trading for all assets is a game-changer, as most competitors charge to trade options. With res...