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FED CRACKS DOWN ON AMERICAN EXPRESS OVER MONEY LAUNDERING BLIND SPOTS
Business

FED CRACKS DOWN ON AMERICAN EXPRESS OVER MONEY LAUNDERING BLIND SPOTS

The Federal Reserve Board announced an enforcement action against American Express, citing the firm's failure to adequately detect and report suspicious activity tied to money laundering. The move raises fresh questions about whether the financial giant treated anti-money-laundering rules as a box to check.

Gary Franchi•6 hr ago · Nov 9, 4:49 AM ET

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EXPOSED: Your 401(k) Is a Bet on AI — Here's How to Fix It
Business

EXPOSED: Your 401(k) Is a Bet on AI — Here's How to Fix It

MarketWatch's Brett Arends warns that the S&P 500 is nowhere near as diversified as most investors think, with AI stocks like Nvidia now driving the index. For everyday Americans saving for retirement, that's a concentrated bet most never signed up for.

Gary Franchi•1 day ago · Nov 8, 7:37 AM ET