Walmart saved millions from elder gift card scams

A gift card display stands at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Technology developed by Walmart helped the retail giant identify and freeze nearly $4 million in gift cards that had been bought by thousands of primarily elderly victims at the direction of con artists who … Read more

SEC targets SPACs with new rules about forecasts, mergers

A flag outside the US Securities and Exchange Commission headquarters in Washington, DC, US, on Wednesday, Feb. 23, 2022. Al-Draco | Bloomberg | Getty Images The Securities and Exchange Commission on Wednesday debuted a host of new rules for SPACs that, if enacted, would mark one of the broadest attempts to date at cracking down … Read more

Treasury Secretary Janet Yellen sees no need for China sanctions over Russia war

Treasury Secretary Janet Yellen on Friday said she does not believe the US should impose sanctions on China because of its ties to Russia. “I don’t think that that’s necessary or appropriate,” the Treasury secretary told “Squawk Box” of potential penalties on Beijing. “Senior administration officials are talking privately and quietly with China to make … Read more