Due Inc. Press Releases & Markets News
Market News
As a result of a Department of Labor investigation a Las Vegas construction company urged to pay $550,000 in back wages and liquidated damages. The company at the heart of the matter, Colvin Construction Inc., denied 614 employees proper wages and payment in a lengthy battle in Nevada’s legal system....
Pennsylvania State University will settle a gender discrimination suit that impacted female employees for a fee of $703,742. The world-renowned education facility has agreed to a conciliation agreement with the Department of Labor that closes the alleged gender pay discrimination. The Office of Federal Contract Compliance Programs (OFCCP) conducted a...
The labyrinth in the financial world is teeming with intricate mechanisms and systems that can often seem counterintuitive to the uninitiated. One such area of confusion is the relationship between the Federal Reserve’s actions and mortgage rates. At first glance, it might seem logical that mortgage rates would follow suit...
Due to rising prices, inflation, and the likelihood of a recession, older Americans must tighten their belts. This is especially true for seniors living on limited incomes after retirement. Americans pay $429.33 per month for their utility bills, so this is an excellent place to save money. Of course, that’s...
In an industry flooded with options, Gavin Maloof and Steve Rice have found a way to stand out with their tequila brand, Comisario. They credit their success to a combination of business acumen, product excellence, and an authentic partnership. From the start, their approach to the competitive liquor market was...
The Securities and Exchange Commission (SEC) has instructed Macquarie Investment Management Business Trust (MIMBT) to pay nearly $80 million for fraudulent behavior. The SEC has found MIMBT guilty of antifraud and compliance provisions of the Investment Advisers Act of 1940 and parts of the Investment Company Act of 1940. “It...
The Justice Department announced a civil case has been opened to recoup $100m in damages from the parties responsible for the Francis Scott Key Bridge disaster. The U.S. District Court for the District of Maryland heard the motion against the actions of Grace Ocean Private Limited and Synergy Marine Private...
The Federal Reserve, the central banking system of the United States, recently wrapped up a pivotal meeting that has left the stock market in a state of uncertainty. The meeting, led by Jerome Powell, the Chair of the Federal Reserve, unveiled a surprising announcement that has sent shockwaves through the...
It’s getting closer to retirement time for Gen X — those roughly born between the mid-1960s and early 1980s. Specifically, the first wave of Gen X was born in January 1965. Since they are currently around 59 ½, they can withdraw money now without paying a penalty from their 401(k)s...
The Securities and Exchange Commission (SEC) has charged multiple entities with profiting from relationship-focused investment scams. Today (September 18), the governmental regulator took action on five entities and three individuals in connection with fraudulent behavior. According to the report, the scams were linked to crypto platforms NanoBit and CoinW6. “In...