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August 8, 2022

Payments

Jake Paul Announces Payments for Undercard Fighters for Canceled MSG Event

Sports Illustrated
SI – For more and to sign up click here Madison Williams Jake Paul originally was supposed to headline a boxing event at Madison Square Garden on Saturday, Aug. 6. However, the event was canceled a week prior due to a weight issue with his opponent Hasim Rahman Jr. Because the main......

Detroit files suit to extend pension payments over 30 years, not 20 years

Detriot News
Detroit News – For more and to sign up click here Detroit — Mayor Mike Duggan’s administration filed a lawsuit this week to force city pension funds to stick to a 30-year payment schedule instead of its planned 20-year payment plan that begins next year. The administration filed the motion Wednesday......

Visa suspends card payments for ad purchases on PornHub and MindGeek amid controversy

CNBC
CNBC – For more and to sign up click here Al Kelly Mark Neuling | CNBC Visa is suspending card payments for advertising on Pornhub and its parent company MindGeek after a lawsuit stoked the controversy that the payments giant could be facilitating child pornography. A federal judge in California......

Average monthly payments for car leases rose to $594 in July amid ‘an absence of discounts’ from manufacturers, dealers

CNBC
CNBC – For more and to sign up click here Maskot | Maskot | Getty Images If you’re thinking about leasing a car, be aware that you may not save as much money as you anticipate by going that route. With inventory limited amid ongoing supply-chain snags — meaning fewer......

Stocks making the biggest moves midday: PerkinElmer, Boeing, Global Payments, Bumble and more

CNBC
CNBC – For more and to sign up click here Displays outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Mike Segar | Reuters......

Tokyo 2020 ex-board member got more payments from Olympic sponsor – media

Reuters
YOKOHAMA, July 31 (Reuters) – A company run by a former Tokyo Olympic organiser received more than $1 million from Games sponsor AOKI Holdings Inc (8214.T), on top of payments from the suit retailer being investigated by Tokyo prosecutors, Japanese media said. AOKI paid about 230 million yen ($1.7 million)......

Activist Elliott snaps up an interest in PayPal. This is what could be next for the payments giant

CNBC
CNBC – For more and to sign up click here The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. Omar Marques | SOPA Images | LightRocket | Getty Images Company: PayPal Holdings (PYPL) Business: PayPal is a leading technology platform that enables digital......

Nearly 75% of retailers plan to accept cryptocurrency payments within the next 2 years

CNBC
CNBC – For more and to sign up click here From Starbucks to Lamborghinis, consumers are using cryptocurrency to pay for a variety of goods — and retailers are taking notice. Nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years, according to......

Federal prosecutors, SEC probing ex-WWE CEO Vince McMahon’s hush payments, report says

CNBC
CNBC – For more and to sign up click here WWE Chairman and CEO Vince McMahon speaks at a news conference announcing the WWE Network at the 2014 International CES in Las Vegas. Getty Images The Securities and Exchange Commission and federal prosecutors have launched probes into payments made by......

Cost-of-living payments branded insufficient as energy bills soar

BBC
https://www.bbc.co.uk/news/business-62291652?at_medium=RSS&at_campaign=KARANGA Those payments were set when the typical energy bill was anticipated to rise by £800 – a prediction Ofgem says is now too low. Influential industry analyst Cornwall Insight has predicted a rise of more than £1,200 a year in October, pushing the typical bill to £3,244 a year......

WWE hints at other probes into Vince McMahon’s alleged misconduct as it discloses $14.6 million in payments

CNBC
CNBC – For more and to sign up click here LAS VEGAS, NEVADA – JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Jeff Bottari | Ufc | Getty Images World Wrestling Entertainment on......

Stripe, the payments start-up, lowers internal valuation 28 percent.

New York Times
Stripe, a payments start-up that has been one of the most valuable privately held tech companies in Silicon Valley, has lowered its internal valuation 28 percent, according to a person with knowledge of the situation, in another sign of how the fluctuating stock market and economic uncertainty is affecting private......

New Republican plan calls for renewing monthly child tax credit payments — but there are ‘significant’ trade-offs, one report finds

CNBC
CNBC – For more and to sign up click here Children draw on top of a Treasury check prop during a rally in front of the U.S. Capitol on Dec. 13, 2021. Alex Wong | Getty Images Millions of families came to count on pandemic-era monthly child tax credit checks......

Chinese property developer Ronshine misses interest payments on two bonds

Reuters
Surveillance cameras are seen near a real estate project under construction in Shenzhen, Guangdong province, China November 8, 2021. Picture taken November 8, 2021. REUTERS/David Kirton Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 10 (Reuters) – Chinese property developer Ronshine China Holdings Ltd (3301.HK) has......

Army seeking to recoup nearly $40,000 from Michael Flynn for foreign payments | CNN Politics

CNN
USA TODAY – For more and to sign up click here CNN  —  The Army is seeking to recoup nearly $40,000 from former President Donald Trump’s first national security adviser, Michael Flynn, accusing the retired three-star general of violating the Emoluments Clause by accepting foreign payments without disclosing them. The......

Luxury car buyers shell out more than ever with ‘car payments that look more like mortgage payments’

CNBC
CNBC – For more and to sign up click here If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds. Limited inventory due to......

Student loan borrowers may regret not taking these 3 steps before payments restart

CNBC
CNBC – For more and to sign up click here Carol Yepes | Moment | Getty Images It’s right there on the U.S. Department of Education’s website: Student loan payments to restart after Aug. 31, 2022. Skeptical? It’s understandable. The Education Department has repeatedly set an end date for the......

California plans to send millions of ‘inflation relief’ payments of up to $1,050. Here’s what we know about whether other states will follow

CNBC
CNBC – For more and to sign up click here Who may qualify for ‘inflation relief’ checks Those with up to $75,000 in income, or $150,000 if married and filing jointly, will receive up to $350 per tax filer, plus $350 if they have one or more dependent. Thus, joint......

Russia appears to miss its foreign debt payments deadline, falling into default.

New York Times
New York Times – For more and to sign up click here Russia appeared to be falling into default on its international debt on Monday as a grace period to make a payment expired, the latest sign of how isolated Russia has become from global financial markets as punishment for......

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