NBA star James Harden throws his support behind financial literacy

James Harden of the Philadelphia 76ers looks to pass against the Toronto Raptors during game five of the Eastern Conference First Round on April 25, 2022.

Nwachukwu Team | Getty Images

For NBA player James Harden, boosting financial know-how among young adults is personal.

Harden, a point guard and shooting guard who recently signed a reported $68.6 million two-year contract with the Philadelphia 76ers, remembers being a 20-year-old rookie in 2009 with a suddenly sizable salary. As a first-round draft pick — third overall — he had just signed a two-year contract with the Oklahoma City Thunder worth $4.76 million, according to Spotrac.com.

“You want to buy everything,” Harden told CNBC in a phone interview. “And you deserve it, so you buy your first car, your first house or whatnot.”

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Financial offenses tied to terror funds, organized crime in Israel soared in 2021

A report by a government agency released Wednesday found a sharp increase in financial crimes connected to organized crime and terror financing in 2021 over the previous year’s figures.

According to the Israel Money Laundering and Terror Financing Prohibition Authority, which operates under the Justice Ministry, organized crime’s share of all financial crimes grew from 6.8 percent in 2020 to 19% in 2021.

Organized crime in the Arab sector has become a severe problem in recent years. The scarcity of financial services for many Arab Israelis has seen criminal organizations stepping into the vacuum and offering black market loans and other services to Arab citizens, generating funds for these groups and contributing to their growing power and increasing violence.

In addition, the report found that terror financing also grew as a percentage of financial crimes in Israel from 9% in 2020 to 14.6% in 2021.

Fraud, deceit, and counterfeiting comprised

Crypto’s correlation with mainstream finance could bring more bleeding soon

There’s no denying the fact that the crypto market has been faced with an obscene amount of bearish pressure over the last eight odd months. Despite this, September has been especially turbulent for the industry, with the price of Bitcoin (BTC) dropping below the all-important $20,000 psychological threshold before forging a comeback.

While these dips have called into question the asset’s status as digital gold and a hedge against inflation, a key question worth examining is how deeply intertwined the crypto market with the global economy is.

To this point, historic inflation numbers have driven the price of everything under the sun — from fuel to food — to record highs. And, despite the S&P 500, a stock market index tracking the performance of 500 large companies listed on exchanges in the United States, being down year-to-date (YTD), its performance has been better than that of the crypto market by

A fired Merrill financial advisor paid $7,500 to a smoothie store employee after video showed him throwing a drink at her and calling her an ‘immigrant loser’

A general view of the Bank of America Merrill Lynch building logo on January 28, 2019 in London, England.

Merrill Lynch fired James Iannazzo after the incident.John Keeble/Getty Images

  • An ex-Merrill Lynch staffer has reached a $7,500 settlement over an altercation in a smoothie store.

  • He went viral earlier this year for throwing a smoothie at an employee and making a racist comment.

  • Merrill fired him over the incident, which occurred after his son suffered an allergic reaction.

A former financial advisor at Merrill Lynch has reached a $7,500 settlement after he went viral earlier this year for throwing a drink at a smoothie-store employee and making a racist comment.

Police in Fairfield, Connecticut said in January that James Iannazzo had yelled insults at workers at a branch of Robeks.

According to police, Iannazzo “made comments toward an employee referencing their immigration status” after his son was hospitalized with an allergic reaction, believed to be from drinking a smoothie from the store that contained peanut butter. Merrill

Experts weigh in on the Ethereum vulnerabilities after Merge: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

The past week in the DeFi ecosystem saw major developments centered around the Ethereum Merge.

Aave (AAVE) community proposed temporarily suspending Ether (ETH) lending before the Merge, citing the potential issue of high ETH utilization that may result in liquidations being hard or impossible and annual percentage yields (APYs) reaching negative figures. An industry expert shared his opinion on possible censorship vulnerabilities that the Ethereum network could eventually face in the wake of its transition to a proof-of-stake (PoS) blockchain.

Moving ahead of the Ethereum Merge developments, some other major events that made headlines include Babylon Finance’s eventual shutdown after months of trying to recover from the negative momentum caused by the Rari Fuse exploit. The United States Federal Bureau of Investigation (FBI) has