The Trump administration announced Friday that it has imposed sanctions on a Turkish financial institution as part of its latest effort to sever “critical financial lifelines” for the Iranian government. The actions against Golden Global Yatirim Bankasi Anonim Sirketi come after Treasury Secretary Scott Bessent last week launched “Operation Economic Outcast,” Washington’s new effort to isolate already heavily
The world’s richest have amassed an eye-watering stockpile of $15.1 trillion—and their heirs are set to take over a third of the global billionaire fortune in the coming decade. Women and Gen Xers are set to take home the largest slice of the pie. About 5,000 spouses and adult children will inherit $6.6 trillion of
The EBU also found further gangs across Europe using the hawala system for criminal activity. One former money launderer previously involved in European hawala networks, whom we are calling Frank, told the EBU he had been involved in transactions totalling several hundred million euros. His first introduction to the hawala system had been at an
Uh oh, Spaghetti O’s! Dane Cook‘s brother stole $12 million from the comedian and hid bricks of cash inside pasta sauce, a new documentary reveals. Premiering on Sept. 29, “Funny Money: The Dane Cook Story” delves into the financial drama that absorbed the blockbuster comedian in 2008, when his half-brother and business manager, Darryl McCauley,
SpaceX’s stock could come under pressure again as more early investors gain the freedom to cash in their stakes, said research analyst and “Prof G Markets” podcast co-host Ed Elson. Elson discussed the risks surrounding SpaceX’s mega IPO in June during an episode of Kara Swisher’s “On” podcast, released on Thursday. He said that although
As a social worker, Scott Steenbergh never seemed to be able to clock out. “The hours were always tough,” the Michigan-based investor and father of two told Business Insider. “It seemed like, no matter what, I was always required to work in the evenings, work on weekends. People were obviously in crisis, and I want