In an appearance on Real Time with Bill Maher, astrophysicist Neil deGrasse Tyson challenged former GM executive — and ardent climate denier — Bill Lutz to make a bet. “You take all the scientists who author these papers, get them to pool their money and invest in companies that would benefit from global warming,” Tyson said. “And take all the people who are in denial of global warming, take all their money and invest in companies that would presume there is no global warming. And I would predict [the climate deniers] will all go broke in the next 50 years.”

The toy store chain will get $3 billion in financing to continue paying employees and suppliers as it deals with Chapter 11.

The contract was signed in Beijing between China’s CITIC investment group and a delegation of Iranian banks led by central bank president Valiollah Seif. The Iran Daily said the funds would finance water, energy and transport projects. Iran is vital to China’s trade ambitions as it develops its trillion-dollar “One Belt, One Road” strategy aimed at dramatically boosting its ties to Europe and Africa.

he world’s top financial watchdog has uncovered US$14 trillion of global dollar debt hidden in derivatives and swap contracts, a startling sum that doubles the underlying levels of offshore dollar credit in the international system. The scale of this lending greatly increases the risk of a future funding crisis if inflation ever forces the U.S. Federal Reserve to tighten in earnest and drain worldwide liquidity, potentially triggering a dollar surge.

Will they? Won’t they? I’m not talking about Donald’s playground bluster about nuking North Korea back to the 1950s. Shocking and intemperate. Yes. But, plays to his audience. Of more import are Central banks and how they wriggle out of their current chains. Will the Fed put another nail into QE this afternoon? We think they will announce the end of coupon reinvestment: de-facto normalisation/tightening. Get on with it! US markets are resilient enough to cope – but we really need to see serious spread decompression between the fixed income asset classes.

JPMorgan Chase has been helping customers with orders for bitcoin-related instruments, the bank’s spokesman said on Monday. Last week, bank CEO Jamie Dimon called the cryptocurrency “a fraud.” The bank is working as an intermediary for buyers and sellers of Bitcoin XBT, an exchange-traded note designed to track the value of the digital currency.

This is a call for a public inquiry on the current situation regarding private debt. For almost a decade now, since 2007, we have been living a lie. And that lie is preparing to wreak havoc on our economy. If we do not create some kind of impartial forum to discuss what is actually happening, the results might well prove disastrous.

“Horrendous” hack of Equifax, a US firm responsible for millions of people’s credit ratings, is not the biggest in US history, but the data is the most sensitive

Juicero is now looking for a buyer.

Two French bank managers were indicted today for participating in a scheme to transmit false and misleading information related to the London Interbank Offered Rate (LIBOR), a global benchmark interest rate to which trillions of dollars of financial transactions are tied. Acting United States Attorney Bridget M. Rohde of the Eastern District of New York, Acting Assistant Attorney General Kenneth A. Blanco of the Justice Department’s Criminal Division, and Assistant Director-in-Charge Andrew Vale of the Federal Bureau of Investigation’s (FBI) Washington Field Office made the announcement.

A lot of people are overjoyed to cross the $100,000 threshold in annual income. And they should be — a six-figure salary is nothing to sneeze at. But as income inequality in the US continues to worsen, a $100,000 salary creeps ever-closer to being an upper-middle-class income, not a sure sign of wealth. In fact, according to a Business Insider analysis of US Census data, the $100,000 distinction isn't enough to put anyone, at any age for which there is reliable data, in the top 1% of personal incomes.

When all job differences are accounted for, the pay gap almost disappears

Inspired by Iceland’s progress, activists in Switzerland are now making an important stand against the banking cartels and have successfully petitioned to bring an initiative to public referendum that would attack the private banks where it matters most: their power to lend money they don’t actually have, and to create money out of thin air. (May 22, 2017)

SoundCloud has just closed the necessary funding round to keep the struggling music service afloat.

When France elected Emmanuel Macron in May, the prospects of mending the euro’s inherent flaws suddenly brightened. Adopted in 1999, the common European currency was intended as a political project to foster unity, but the crisis in Greece a decade later exposed the euro’s inability to enforce shared rules, principally on government debt and spending.

Since a revolving door was installed at the entrance to the West Wing of the White House, it has been difficult to keep track of the comings and goings in America’s corridors of power. Anything written about the Trump administration’s personnel and policies may be invalid before it is published.

Hackers had access to names, Social Security numbers, birth dates, addresses and more for 143 million Equifax customers.

That’s enough to cover the annual cost of attending Harvard University and still have plenty left over for pizza and beer.

EpiPen maker Mylan is racing to put down a revolt from shareholders outraged by a $98 million pay package for its former CEO.

Blue Apron sends you the ingredients to help you cook delicious meals, but some investors are considering its shares unsavory.

The bank became notorious last year for creating fake accounts on behalf of customers. Now it's trying to kill a class-action lawsuit over shady debit card fees. Wells Fargo became a poster child for corporations that abuse their own customers last year when it got fined for ginning up roughly 2 million (maybe even more) fake accounts to meet high sales goals. The bank has since tried to block customer lawsuits over that misconduct, using fine print buried in contracts known as the forced arbitration clauses, which force customers to go not before judges but a secretive non-judicial process to get relief.

While Russiagate rages, the bitter fight over the future of the real estate market continues. By Matt Taibbi.

Dear Floyd Mayweather: While perusing Facebook, I chanced across your post drumming up interest in the upcoming Stox initial coin offering (ICO). I understand your motivations in wanting to diversify your portfolio of investments, but I caution that your actions are reckless and potentially financially damaging to you and your fans.

The Wells Fargo bogus account problem is about 70 percent worse than the bank originally declared in 2016. Last September, federal regulators revealed that Wells Fargo had created about 2 million unauthorized bank and credit card accounts that customers weren’t even aware of.

Warren Buffett has donated $2.9 billion worth of stock to five charities on Wednesday, an official filing has shown.

The French philosopher outsmarts the lottery. By Roger Pearson.

It’s 40 years ago and a fraudster goes into your local bank branch. He forges your signature and makes a withdrawal from your account. When you discover the crime and report it to the bank, your account is naturally refunded at once. It’s the bank’s problem. It’s also the bank’s fault, you’d probably say. Today, much has changed. It’s still the bank’s job to safeguard clients’ money. But because we access our cash and accounts in so many different ways, and can transact so much more quickly, the issue of who carries the risk of fraud has become blurred.

The self-empowerment blogger and author of 16 books, including the Amazon best seller “Choose Yourself,” is an unlikely role model. By Alex Williams.

When the European Central Bank introduced a negative interest rate on lenders’ deposits two years ago, few thought things would ever go this far.

Banks, governments, credit card companies and fintech evangelists all want us to believe our cashless future is inevitable and good. But this isn't a frictionless utopia says Brett Scott, and it's time to fight back​. Several months ago I stayed in an offbeat Amsterdam hotel that brewed its own beer but refused to accept cash for it. Instead, they forced me to use the Visa payment card network to get my UK bank to transfer €4 to their Dutch bank via the elaborate international correspondent banking system.

If you knew where to look inside the loan company, things were worse than anybody realized. By Max Chafkin and Noah Buhayar.

Many teachers find themselves in the low- to middle-income part of the economy, and companies like MyPaycheckDirect aim to take advantage of that. By Suzanne McGee.

Thomas Piketty said that capitalism's primary beneficiaries aren't those who make amazing things that improve the world -- rather, it favors those who have a lot of money to begin with.

It’s gross, but grossness by itself doesn’t violate securities laws. By Matt Levine. (Aug. 16, 2016)

Apple could be ordered to pay billions of euros in back taxes in the Republic of Ireland under a European Union ruling expected on Tuesday.