Frozen bank accounts, travel ban: Kuwait pursues 10 influencers for money laundering

dhita yudha

Kuwait’s Attorney General ordered the immediate seizure of all the assets of the 10 social media influencers charged with money laundering and banned them from travel, leading Kuwaiti newspaper, al-Qabas reported on Sunday.

The central bank froze the 10 suspects’ bank accounts and the Ministry of Interior circulated their names to all authorities at land border crossings and airports to ensure they cannot flee, according to al-Qabas.

For all the latest headlines follow our Google News channel online or via the app.

The Kuwaiti newspaper released the names of the 10 influencers accused of money laundering, citing an unnamed source, they are: Fouz al-Fahad, Abdulwahab al-Essa, Dana al-Tuwarish, Mishari Buyabis, Halema Bouland, Maryam Reda, Farah Hadi, Jamal al-Najada, Shifa al-Kharaz, and Yaqub Boushehri.

“The awaited decision is to arrest the accused,” al-Qabas cited a source with knowledge of the investigation as saying.

On Monday, the newspaper cited sources close to

Read More

Personal Capital vs. Quicken – Which is Best for Wealth Management?

dhita yudha

Personal Capital and Quicken are two of the most popular financial platforms available. Both have extensive budgeting and personal financial management capabilities. And while Quicken offers limited investment features, Personal Capital is virtually built around your investing activities.

Which of the two platforms is the best? It really depends on what you’re looking for. Quicken is certainly the more comprehensive budgeting platform. But Personal Capital also adds that all-important investment component. And given that investing should be the ultimate goal of successful financial management, that’s no small advantage in Personal Capital’s favor.

Below is a chart to compare key features of Personal Capital and Quicken:

  Personal Capital Quicken
Review Rating 9.5/10 9.2/10
Investment Tracking
Budgeting
Retirement Planner
Net Worth Tracker
Bill Tracking
Bill Pay
Reconcile Transactions
Track the Market Value of Your Home
Free
Read More

Is Cintas Stock a Buy?

dhita yudha

If fast-growing stocks are your thing, uniform renter and business services provider Cintas (NASDAQ:CTAS) may have shown up on your radar. Between 2015 and 2020, the company’s stock soared 243%, briefly topping $300 per share. That outperformance crushed the overall stock market: The S&P 500 only rose 56.9% during that time. 

Then, of course, 2020 happened. Cintas’ shares plummeted in March (like everyone else’s) and have crept back up since (like everyone else’s). They’re still more than 10% off their highs, though. That could be an opportunity to buy this proven growth machine…or is too high a price to pay for a business services specialist during a troubled time for businesses?

Let’s look closer to see if Cintas is a buy. 

A group of people in matching blue polo shirts and baseball caps

Image source: Getty Images.

Boom and bust without the bust

Because Cintas’ primary business is uniform rental, you’d expect it to outperform during periods of low or declining unemployment,

Read More

Experts share coronavirus money tips: Savings, taxes and more

dhita yudha

The sudden economic slowdown caused by the coronavirus pandemic has many Americans thinking about their daily finances.

Money experts Andrea Woroch and Allison Kade shared their tips for making the most of your budget.

CORONAVIRUS LAYOFFS SURGE IN U.S., WITH 1 IN 5 HOUSEHOLDS REPORTING LOST WORK

“There is a lot of panic happening right now — from food shortages at grocery stores to health concerns to income and financial worries,” Woroch told FOX Business. “The best thing you can do for yourself right now is to make a financial plan to help you get through these tough times.”

1. Get your tax refund.

Tax season looks a little bit different this year because of the virus. The Trump administration authorized the deferral of $300 billion in IRS payments, although Americans

Read More

Weekly unemployment claims drop, but jobs not yet recovered

dhita yudha

Updated


SEATTLE (AP) — New weekly claims for unemployment insurance in Washington

Read More

Sunnova Reports Second Quarter 2020 Financial Results and Reaffirms 2020 Guidance

dhita yudha

HOUSTON–(BUSINESS WIRE)–Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, today announced financial results for the quarter ended June 30, 2020.

“We are proud to report another quarter of strong results and to reaffirm our 2020 guidance,” said William J. (John) Berger, Chief Executive Officer of Sunnova. “Our response during the COVID-19 pandemic has demonstrated how quickly our industry can adapt to not only survive this crisis but thrive. With our expanding dealer network and rising storage attachment rate, in the second quarter we believe we grew our customer base at a rate faster than any other public U.S. residential solar and storage service company.

“Based on our current customer growth trajectory, and driven by our business model and capitalization strategy, we are experiencing significant operating leverage and are at the tipping point of achieving the scale needed to

Read More

Orange Business Services Delivers Collaboration and Contact Center Services for ZIM to Improve Customer Experience in Cargo Shipping

dhita yudha

PARIS–(BUSINESS WIRE)–ZIM Integrated Shipping has extended its contract with Orange Business Services for cloud-based contact center and collaboration services, including network connectivity and audio and web conferencing. This solution will continue to boost collaboration and productivity across 20 contact centers globally, resulting in an enhanced experience for ZIM’s customers.

ZIM is one of the largest carriers in the global container shipping industry, and Orange has a long-standing relationship with the shipping giant as its trusted partner to provide its worldwide corporate IT infrastructure. ZIM remains at the forefront of the carrier industry due to its ability to rapidly adapt to the shipping industry’s commercially changing models and emerging market needs. The contact center and collaboration services help ZIM differentiate itself in a market where high-quality customer experience is one of the main drivers for retention and satisfaction.

Leveraging cloud to transform the customer experience

Orange deployed Managed Contact

Read More

Why bank ATM fees are now higher than ever (And what it could cost you)

dhita yudha

If you often grab cash from the closest ATM while you are out and about without paying attention to the fine print of the out-of-network ATM withdrawal fee— now is a great time to start.

Hopefully you are one of the more and more Americans who have stopped wasting money on these out-of-network fees, which is the price you pay to take your money out of an ATM that doesn’t belong to your bank. But if you are not, you should know that by remaining in the club you are now paying more than ever to get your hands on your own money.

The cost of the average out-of-network ATM withdrawal has reached a new record high of $4.72, according to the latest Bankrate.com Checking Account and ATM Fee Study released on Wednesday. This all-in fee, which includes the

Read More

Deutsche Bank Says ‘Monopoly Money’ Is Whizzing Across Asia

dhita yudha

Text size

A construction site in Shenzhen in southern China’s Guangdong province, on November 9, 2018.


AFP via Getty Images

Even as Asian countries appear to be the first to escape the economic ravages of coronavirus, activity is still below normal.

But money supply growth is a notable exception. Growth in the M2 measure of money supply—that’s all cash in circulation plus savings instruments like money-market funds—is nearly 2 standard deviations above the five-year average, according to
Deutsche Bank
strategists Mallika Sachdeva and Bryant Xu.

There isn’t just one reason for it. Large fiscal transfers in the form of welfare cash handouts and income support, in Thailand and Singapore for example, have boosted deposits, they point out.

Credit guarantees by governments to banks, in India and Malaysia for example, have encouraged loans to small- and medium-size businesses.

And central banks across the region have been purchasing debt, both government securities

Read More

Republican plan to cut enhanced unemployment benefits by $400 would cost 3.4 million jobs: analysis

dhita yudha

Republicans are set to unveil a plan to drastically slash enhanced federal unemployment benefits even as economists warn the move could cost the country millions of jobs and shrink the economy.

Senate Republicans have claimed that American workers who bring in a higher weekly rate than before the pandemic are disincentivized from going back to the office.

“It certainly does not have the backing that it had before because of many small businesses that have come forward and said that people just don’t want to come back — that they were making more than they did when they worked,” Sen. Pat Roberts, R-Kan., a senior member of the Finance Committee, told NBC News earlier this month. 

However, there is no evidence that the increased payments have resulted in Americans refusing to return to work. Though House Democrats approved a full extension on the benefit in May, Senate Republicans plan to

Read More