money

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Awesome at Hiking, Terrible With Money
Awesome at Hiking,
Terrible With Money
longform
Jul 18, 2021 4:04 PM CDT

Awesome at Hiking, Terrible With Money

'Outside' writer examines why young, outdoorsy types are typically bad with finances

(Newser) - In an essay at Outside magazine, Gloria Liu explores a phenomenon that hits close to home for herself: Young, outdoorsy types tend to be terrible with money. Liu, now in her late 30s, uses herself as Exhibit A, but she notes that many of her friends also fit the description....

Bezos Leaves CEO Post With a Pretty Penny in His Pocket

Amazon founder is worth $201.8B—about 740,000 times median net worth of an American at age 65

(Newser) - Jeff Bezos may be giving up his CEO title , but he'll hold onto world's richest man honors, at least for now. The Amazon chief officially hands over the reins Monday to Andy Jassy, the head of the company's web services, but not before amassing a net worth...

Harry Said He and Meghan Were Cut Off. Now, a Royals Account

Clarence House spokesperson says Prince Charles funded Sussexes into summer of 2020

(Newser) - When Prince Harry and Meghan Markle's interview with Oprah Winfrey aired in March, one of the claims the Duke of Sussex made was that they'd been cut off financially by the royal family in the first quarter of 2020 and were forced to use an inheritance from Harry'...

Iconic &#39;Doge&#39; Meme NFT Breaks Record at $4M
'Doge' Meme NFT
Sells for Millions
Jun 12, 2021 1:30 PM CDT

'Doge' Meme NFT Sells for Millions

The original dog's owner will donate some of the proceeds to charity

(Newser) - Taking a picture of your adorable dog and posting it so other people can admire her, too, is usually its own reward. But Atsuko Sato, a kindergarten teacher in Japan, is also getting a record-setting $4 million worth of Ethereum after selling it as an NFT, NBC News reports....

To Celebrate a Code-Breaker, Spy Agency Offers a Challenge

It's inspired by Alan Turing, who appears on Britain's new 50-pound note

(Newser) - The UK's spy agency has released its "hardest puzzle ever" in honor of Alan Turing's appearance on the Bank of England's highest-value banknote, the 50-pound bill. Turing—"the first openly gay man to have his face on a banknote," per the Independent —was...

From a High-Rise Window, a 'Heavenly Rain of Bank Notes'

Cops in Chongqing, China, say man in 'trance' from drugs was throwing cash out of 30th-floor window

(Newser) - Commuters in China got an unexpected windfall earlier this month, though not everyone leaves this story with a happy ending. Police in Chongqing, located in the southwestern part of the country, said that traffic was brought to a halt on Oct. 17 when a man on the 30th floor of...

Someone Tries Laundering Money—Literally

South Korean loses 'considerable' sum after washing-machine debacle

(Newser) - Money laundering is not a good idea, as a South Korean found out when he or she put banknotes in a washing machine to remove possible traces of the coronavirus, the AP reports. Officials say the loss was considerable. The person living in Ansan city, near Seoul, placed an unspecified...

'Minnesota Freedom Fund' Reels After Getting $30M

The nonprofit is suddenly flush and under a microscope

(Newser) - A small nonprofit is feeling the heat after receiving more than $30 million in the wake of George Floyd's death, the New York Times reports. The Minnesota Freedom Fund—which had only one full-time worker earlier this month—became a popular cause for activist and celebrity donors. Now the...

Small-Business Owners Run Into Huge 'Bottleneck'

Federal loan programs are deluged and running low on funds

(Newser) - Millions of small businesses are barely staying afloat amid the coronavirus pandemic, and the feds are offering help—but getting that help is another thing, the New York Times reports. Two federal efforts, the Paycheck Protection Program and the Economic Injury Disaster Loan program, are both low on funds and...

Guy Makes Incredible Find in Used Couch
Guy Buys Couch, Finds $43K
Jan 18, 2020 10:30 AM CST

Guy Buys Couch, Finds $43K

But Howard Kirby didn't feel right about it

(Newser) - That ottoman seems kinda hard. Let's look inside. That's what a Michigan man thought before his daughter opened up a cushion in a used couch he'd just bought—and found over $43,000, MLive reports. Howard Kirby had paid only $70 for the couch at the Habitat...

Bank Customer Walks In With a Highly Unusual Bill

But tellers at Pinnacle Bank in Lincoln, Nebraska, weren't fooled

(Newser) - At least he tried? A guy walked into a Nebraska bank Monday and tried opening a checking account with a fake $1 million bill, the Lincoln Journal Star reports. He swore it was real, but tellers at Pinnacle Bank in Lincoln disagreed and he walked out. Now police are trying...

Lost Your Wallet? Pray That It Had Lots of Cash Inside

The more money in a 'lost wallet,' the more likely that people would return it, researchers found

(Newser) - If you recently found a cash-filled wallet belonging to Brett Miller, Connor Baker, or Brad O'Brien and made the effort to return it, you may have helped researchers restore a collective faith in mankind. The New York Times reports on a new study in the journal Science that tried...

The Harriet Tubman $20 Bill Isn't Coming in 2020 After All

We won't know if she'll for sure be on it until 2026

(Newser) - The 108th anniversary doesn't have quite the same ring to it, but that's apparently how it's going to be. Treasury Secretary Steven Mnuchin on Wednesday announced that the redesigned $20 bill—which former Treasury Secretary Jacob Lew in 2016 decided would feature Harriet Tubman—will not be...

$30K Spills on Road. And Authorities Want It Back

Drivers stop to grab dollars in Grand Haven, Michigan

(Newser) - Police in Michigan are appealing to people to surrender their instant riches after a box with $30,000 fell off the back of a truck, the AP reports. Authorities in Grand Haven say drivers stopped Thursday to pick up cash for themselves. Officers closed the US 31 but only $2,...

A Grieving Son Blames Bank Over $732K Con

Dayle Hogg says TD Bank shouldn't have let his father wire the money

(Newser) - Dayle Hogg is hopping mad over the $732,000 his dad sent a romance scammer, but doesn't seem to blame him. "There should have been red flags going up all over the place at the bank," Hogg tells the CBC . "He had no history of sending...

Guy Finds Chanel Purse With $10K in Cash

Richard Taverna says he never intended to keep it

(Newser) - A Manhattan man who stumbled on a purse containing $10,000 did what anyone would do ... right? Richard Taverna was waiting for the subway Thursday at the Lincoln Center-66th Street 1 train stop when he spotted a blue Chanel bag on the platform: "I picked it up to see...

Toddler Shreds $1K in Cash
Toddler Shreds $1K in Cash
Oct 5, 2018 2:37 AM CDT

Toddler Shreds $1K in Cash

Parents had saved it for college football tickets

(Newser) - Leo Belnap, a 2-year-old boy in Holladay, Utah, loves putting junk mail and other paper in the shredder that he sometimes helps his mom with. Unfortunately for his parents, some of the paper he put through it recently was green and had pictures of presidents on it. Ben and Jackee...

Survey: How Much US Adults Have Saved Is 'Troubling'

About 40% don't have $400 for an emergency

(Newser) - Concerning news from the feds in the personal finance realm: About 40% of US adults would have to sell something or borrow to come up with $400 in an emergency, or wouldn't be able to pay at all, CNBC reports. The Federal Reserve's "Report on the Economic...

Bank Gave Him $1.6M That Wasn&#39;t His. That&#39;s Not the Wildest Part
He Was So Rich
He Rented a
Whole Brothel.
Except He Wasn't
in case you missed it
May 12, 2018 4:40 PM CDT

He Was So Rich He Rented a Whole Brothel. Except He Wasn't

Luke Moore lived high, got caught, then cleared his name

(Newser) - At one point in 2012, Luke "Milky" Moore paid $40,000 to rent himself a brothel for four days. Two years prior, he was penniless, unemployed, and bracing himself for foreclosure. What happened in the interim is the subject of an Esquire piece by David Kushner, who explores the...

Australia Outlaws Cash for Purchases Over $7.5K

It's the government's attempt to keep money laundering and tax evasion at bay

(Newser) - Hoping to cripple organized crime and tamp down on tax evasion and money laundering, Australia has announced its latest tactic: not allowing cash purchases over $7,500 for goods and services. The West Australian reports the new rule—which will require consumers to use a check or electronic service such...

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