By MICHAEL R. BLOOD, Associated Press LOS ANGELES (AP) — California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state’s legal marijuana market, the state treasurer said Tuesday. The state on Jan. 1 will enter a new era with cannabis when recreational sales … Continue reading
MOSCOW (AP) — A group of journalists behind the Panama Papers offshore accounts expose published an investigation Wednesday detailing how a distant relative of Russian President Vladimir Putin has made a fortune. The Organized Crime and Corruption Reporting Project published a piece claiming that Mikhail Shelomov, the son of Putin’s cousin, has over the years … Continue reading
TRENTON, N.J. (AP) — The Trump administration is siding with professional sports leagues in their opposition to allowing New Jersey to offer sports betting at its casinos and racetracks. The solicitor general’s office filed a brief with the U.S. Supreme Court supporting the leagues. The court is scheduled to hear the case in December. Republican … Continue reading
STOCKHOLM (AP) — In terms of esteem and recognition, it’s always a good year to win a Nobel Prize. In terms of money, 2017 is better than the past two years. The Nobel Prize announcements begin Monday with the medicine award and each prize this year is worth 9 million kronor ($1.1 million). In the … Continue reading
SPINDALE, N.C. (AP) — When Randy Fields’ construction company faced potential ruin because of the cratering economy, he pleaded with his pastor at Word of Faith Fellowship church to reduce the amount of money he was required to tithe every week. To his shock, Fields said church founder Jane Whaley proposed a divine plan that … Continue reading
NEW YORK (AP) —Houston native Solange and rock band Fall Out Boy are planning to donate proceeds from their concerts to help those affected by Tropical Depression Harvey. Solange said she’ll give all of the earnings from her Sept. 28 show in Boston to those affected by Harvey. The singer also said $3 from each ticket from her Oct. … Continue reading
ST. LOUIS (AP) — When Deborah Giannecchini was diagnosed with stage 4 ovarian cancer four years ago, it didn’t make sense. She had no family history, nor did she seem a high risk. But months later, when her daughter saw a TV ad for a law firm asking ovarian cancer victims who used talcum powder … Continue reading
RIO DE JANEIRO (AP) — The CEO of the Rio Olympics said Sunday his privately funded operating budget needs just under $30 million in public funding to meet its obligations. Chief executive officer Sidney Levy had pledged that only private money would be used to run the games. That promise was broken just over a … Continue reading
KAMPALA, Uganda (AP) — South Sudan’s leaders have amassed wealth abroad amid a conflict in which tens of thousands have been killed, a U.S.-based watchdog group said Monday, charging that the civil war is being fueled by competition among rivals over national resources such as oil. South Sudan President Salva Kiir, former deputy Riek Machar … Continue reading
Managing money can be complicated, and myths are often born from people’s struggles to make it simpler. But simplistic solutions can cost you instead of saving you money. If you believe any of these five money myths, it’s time to take a closer look at the financial realities. MYTH: EVERYONE NEEDS A FAT EMERGENCY FUND … Continue reading
WASHINGTON (AP) — Donald Trump has invested in some of the companies that he uses as punching bags on the campaign trail, according to new financial documents he submitted to the U.S. government. In his 104-page public financial disclosure report, the presumptive Republican nominee reported holding investments in companies like Ford Motor Co., Apple Inc. … Continue reading
WASHINGTON (AP) — For the first time, thousands of low-income high-school students in nearly two dozen states will soon be able to get federal grants to take college courses for credit, part of a program the Obama administration plans to begin this summer. The experimental program allows high school students to apply for federal Pell … Continue reading
Norfolk State University is among 30 colleges and universities selected to receive planning grants from UNCF’s (United Negro College Fund) new Career Pathways Initiative (CPI), a highly-competitive grant process open to four-year historically black colleges and universities (HBCUs) and predominantly black institutions (PBIs) to help students gain the knowledge, preparation, insight and skills needed for … Continue reading
NEW YORK (AP) — U.S. stocks moved little in early trading as investors weighed a report on unemployment benefits and corporate news. Oil prices posted another strong gain Thursday, lifting energy stocks. The Labor Department reported that applications for unemployment benefits rose slightly last week, but they remain at levels consistent with a healthy job … Continue reading
BEIJING (AP) — China said Friday it will boost defense spending by about 7 to 8 percent in 2016, the smallest increase in six years, reflecting slowing growth in the world’s second-largest economy and a drawdown of 300,000 troops as Beijing seeks to build a more streamlined, modern military. The People’s Liberation Army, being trimmed … Continue reading
Spartan Echo 