Personal Finance

Kimberly Redmond | |

Complaints regarding online scams and investment fraud have reached record-breaking levels, according to the Federal Bureau of Investigation (FBI).

The FBI’s Internet Crime Complaint Center (IC3) has logged one million complaints in the last 14 months, bringing the total number of crimes reported to six million.

AP News | |

President Joe Biden will push the case for his $2.3 trillion infrastructure plan in the reliably Republican state of Louisiana — directly challenging GOP lawmakers who say that low taxes for corporations and the wealthy will fuel economic growth.

Biden is leaning into the stagecraft of the presidency on Thursday by choosing to speak in the city of Lake Charles in front of a 70-year-old bridge that is 20 years past its designed lifespan.

Reuters | |

Treasury Secretary Janet Yellen said on Tuesday the U.S. economy remains in crisis from the pandemic even as she defended developing plans for future tax increases to pay for new public investments.

Yellen spoke at a hearing of the House Financial Services Committee that was ostensibly to discuss the country’s recovery from the coronavirus-triggered recession, but turned instead into a skirmish over priorities far beyond it.

Kimberly Redmond | |

Real estate technology startup Doma – formerly known as States Titles – announced Tuesday it is going public through a merger with a special purpose acquisition company (SPAC) that values Doma at $3 billion including debt.

The deal will provide $645 million in cash proceeds to Doma, including $345 million from Capitol Investment Corp V (NYSE: CAP) and $300 million from a fully committed private investment in public equity (PIPE) transaction. Investors in the PIPE include BlackRock, Fidelity Investments, SoftBank Group and Wells Capital Management.

Kimberly Redmond | |

The European Commission plans to appeal Apple Inc’s (Nasdaq: AAPL) victory in a $13 billion euro ($15.8 billion) tax dispute, saying the European Union’s General Court made legal errors when it ruled the tech giant’s business in the Republic of Ireland was not on the hook for back taxes.

In a filing for appeal released Monday, the EU said it will challenge a July 2020 ruling, which rejected arguments that Apple struck an illegal tax deal with Irish officials, giving the company an unfair tax advantage.  

Brian Wallace | |

The pandemic has fundamentally changed the way we drive as well as migration patterns around the globe, which have led the way to significant insurance givebacks in the US.  In addition to this, the rise of mainstream autonomous vehicles will surely change the way auto insurance will be calculated - but how? Check out this deep dive visual for more: