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Money

Trump group reports big legal expenses, claws money back from super PAC

WASHINGTON, July 31 (Reuters) - Donald Trump's legal entanglements on Monday showed signs they could impact spending on his White House bid, as one of his main political groups reported massive outlays on legal expenses while also clawing back more than $12 million it had transferred to a super PAC supporting Trump's 2024 campaign.Trump's Save America group, which he founded in 2020 following his defeat in that year's presidential election, said in a filing to the Federal Election Commission that it spent more than $21 million on legal expenses during...
Cryptocurrency

Crypto bills to face congressional committee vote

WASHINGTON, July 26 (Reuters) - A key congressional committee is set to vote this week on several bills that would develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill in its efforts to codify federal oversight for the digital asset industry.The crypto industry has been in the regulatory crosshairs since investors were burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and other companies.Among the legislation the House Financial Services Committee is considering on Wednesday and Thursday are a bill that would define when a...
Pension

UPS, union avert strike with planned 5-year deal, more pay

July 25 (Reuters) - UPS (UPS.N) and its Teamsters union have signed a tentative contract deal for about 340,000 U.S. workers at the parcel delivery firm, one week ahead of a threatened strike that could have cost the economy billions and disrupted a quarter of the nation's package shipments.Tuesday's agreement, which must be ratified by union members, cinches another win for transportation labor groups. Railroad, airline and West Coast seaport workers have all seen their bargaining hand strengthened by labor shortages and public support for those who risked their lives...
Cryptocurrency

Crypto rapper ‘Razzlekhan,’ husband reach plea deal over Bitfinex hack laundering

NEW YORK, July 21 (Reuters) - An American couple accused of laundering billions of dollars worth of cryptocurrency stolen from the 2016 hacking of virtual currency exchange Bitfinex have entered into a plea agreement, court records showed on Friday.Heather Morgan, who used the hip-hop alias "Razzlekhan" to push her music online, and her husband Ilya Lichtenstein were initially arrested in February 2022. They are set to appear for a plea hearing on Aug. 3 before Senior Judge Colleen Kollar-Kotelly in Washington, court records showed.Kollar-Kotelly ordered prosecutors and defense lawyers to...
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