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California announces rollout of chip-enabled debit cards to deter theft of unemployment benefits

California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state's Employment Development Department.The state agency plans to work with Bank of America to start rolling out chip-enabled debit cards

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Stocks making the biggest moves midday: Twitter, Snap, American Express and more

Check out the companies making headlines in midday trading.Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads.Twitter — Twitter shares gained 3.4% after reporting its fastest revenue growth since 2014. The social media platform reported earnings of

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13% of Americans traded crypto in the past year, survey finds

Nicolas Economou/NurPhoto via Getty ImagesMore than 1 in 10 Americans invested in cryptocurrency over the past year, according to a survey published by the University of Chicago, a sign of the popularity of digital currencies like bitcoin and ethereum.Specifically, 13% bought or traded crypto in the past 12 months

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Indian Bank declares Lanco Infra, Basundhara Green Power as fraud a/cs with Rs 589 crore exposure

State-owned on Friday declared Lanco Infratech and Basundhara Green Power as fraud accounts with a total outstanding balance of over Rs 589 crore. "We have to inform you that fully provided non-performing accounts have been declared as fraud and reported to RBI as per regulatory requirements," it said

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‘Don’t want to get vaccinated, leave’ — hedge fund founder mandates Covid shots in his office

Anthony Scaramucci, founder and co-managing partner of SkyBridge, told CNBC on Friday he's mandated Covid shots at the office of his hedge fund.He also called on all eligible Americans to go out and get vaccinated."We're a private company. If somebody wants to fight me over the vaccine mandate, that's

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Max Bupa Health rebrands to Niva Bupa; aims total business of Rs 2,500 cr in FY22

Standalone health insurance player Max Bupa Health Insurance Friday announced that it has rebranded itself as Niva Bupa and said it is targeting a total business of Rs 2,500 crore in fiscal 2021-22. The rebranding exercise comes after the exit of Max India from the company in 2019 and the

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India Post Payments Bank doubles transactions, plans digital inroads with India Post

India Post Payments Bank (IPPB) has recorded an over twofold increase in transactions since the beginning of the pandemic last year, even as payments banks have in general been struggling to find a viable business model. The sovereign-owned lender on average records about 1 million transactions worth Rs 30 crore

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