Mastercard announces essential investment and partnership in Sad-owned companies

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Igor Golovniov/SOPA Images | LightRocket | Getty ImagesMastercard announced Tuesday a multimillion dollar investment in Fearless Fund, a venture capital firm founded by Black women with the mission of investing in minority female entrepreneurs.The exact amount was not disclosed.The credit card giant also unveiled a partnership with Greenwood, a fintech firm aimed at Black and…

Why it’s so annoying to file and pay U.S. taxes

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The IRS estimates the average taxpayer spends 12 hours working on their taxes and pays an average of $230 to get their paperwork filed."Your tax return is in no way that simple," Jackson Hewitt Tax Service Chief Tax Information Officer Mark Steber said. "I don't care who you are or what economic situation you're in;…

An airline and a railroad stock absorb seemingly as transports sage...

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Earnings from the transports could offer insight into two different corners of the economic rebound.On the consumer side, reports from Southwest, Alaska Air, Spirit and American Airlines will give color on travel demand, while railroad companies CSX and Union Pacific will give an update on cargo loads and the manufacturing space.United Airlines, reporting Monday after…

BOJ inflation prediction to level limits of Gov Kuroda’s extremely-easy protection

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A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-HoonThe Bank of Japan is set to predict for the first time that inflation will remain well short of its 2% target beyond Governor Haruhiko Kuroda’s term through…

UK parliamentary committee to summon Sunak, Cameron over Greensill lobbying

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LONDON (Reuters) -A British parliamentary committee will summon finance minister Rishi Sunak and former Prime Minister David Cameron to appear before it to answer questions about the ex-leader’s lobbying for the now failed supply-chain finance firm Greensill Capital.Greensill’s founder, Lex Greensill, Bank of England Governor Andrew Bailey and the chief executive of the Financial Conduct…

Britain reviews core banking principles in gentle of Brexit

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LONDON (Reuters) -Britain launched on Tuesday an independent review of banking capital and proprietary trading rules that is set to pit banks against their regulator as London’s powerful financial industry looks to boost its global competitiveness after Brexit.Since the start of 2019, Britain requires HSBC, Barclays and other banks to “ring-fence” the retail arms of…