Latest news with #financialdilemma
South China Morning Post
14-07-2025
- Business
- South China Morning Post
Stablecoin scams, innovation put China's financial regulators in high-stakes balancing act
A financial dilemma has sent local-level financial authorities across China scrambling as they try to navigate a stablecoin frenzy that some say has become a breeding ground for chaos, with scams that have already duped millions. As a result, several local governments have elevated stablecoins to the top of their agendas in recent weeks while issuing urgent warnings to investors about illegal fundraising and fraudulent schemes. With this in mind, the nation's top financial authorities remain committed to financial innovation and adaptation. And regulators are doing their best to strike a balance. But in major mainland cities such as Beijing, Shenzhen, Suzhou and Chongqing, alerts went out last week. They warned that illicit financial activities, which often lure investors with promises of high returns and guaranteed interest payments, pose significant risks to public financial security. The word of caution came as a major investment scam – promoting high returns using buzzwords and terms such as 'USDT', a leading stablecoin also known as tether – was being widely reported across the mainland. Said to have defrauded more than 2 million investors, the scheme has evoked memories of widespread collapses among peer-to-peer lending platforms in China between 2018 and 2020. Thus, the dangerous financial ploy has reignited concerns about regulatory challenges in managing emerging financial technologies (fintech) in a Chinese-style market economy, and the market remains wary of what is widely perceived as a recurring flaw, with 'lax regulation leading to chaos, followed by crackdowns that cause collapse'.
Yahoo
06-07-2025
- Business
- Yahoo
Divorce At 72 Leaves Woman Working Full Time To Make Ends Meet, But That's Not All - Suze Orman Weighs In
When a listener named Laura wrote into the "Women & Money" podcast with a complicated family dilemma, Suze Orman didn't hesitate to break it down. The story involves a 72-year-old woman, recently divorced, who now works full time in a Montessori school just to get by. But the financial fallout extends beyond her personal situation — it's rippling through the entire family. A listener, Laura, wrote into Orman's show and shared that her 72-year-old sister-in-law recently emptied out her entire retirement account to support her son's efforts to become a day trader — a gamble that failed. Not only did this leave her without savings, but it also triggered unexpected tax consequences, which further complicated her financial position. Don't Miss: Maximize saving for your retirement and cut down on taxes: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Now, at an age when many are winding down their careers — if not fully retired already — she's working full time and living in a one-bedroom apartment. To help her make ends meet, Laura and other family members contribute $1,000 a month. Here's where it gets even more complex: Laura's brother — the woman's ex-husband — has moved on. He's remarried and owns homes in multiple cities, including Rio de Janeiro and Chicago, and is considering buying a third property with another sibling. While he meets the minimum requirements of his divorce settlement, Laura feels that he is neglecting a moral responsibility to help his former spouse, especially given her vulnerable position. This has led to tension within the family — and between Laura and her own husband, who is content to continue providing financial support without raising concerns. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Orman was quick to point out that this is really two separate problems: Laura's frustration with her husband, and the larger issue of her sister-in-law's financial hardship. First, Orman encouraged Laura to be understanding of her husband's stance. He may be avoiding conflict, or he might not feel a deep connection to her brother and his ex-wife. "If I were you, forget your husband in terms of him not wanting to do it," Orman said. "That's fine. Understand that and don't take it personally. It's not damaging your relationship in reality. It's just in your head." The larger issue, Orman noted, centers on the ex-husband and the adult son — both of whom are absent from the woman's financial support system. Orman stressed that while the brother is legally in the clear, the emotional and ethical impact of his choices shouldn't be woman emptied her retirement account to help her son. Orman asked, "Is he working and why isn't he helping her?" Orman recommended that Laura have two separate, honest conversations: one with her brother and one with her nephew. With her brother, Orman advised sharing how painful it's been to watch his ex-wife struggle and asking, without blame, if he'd be willing to do more to help, even if the divorce agreement doesn't require it. With the nephew, Orman suggested asking whether he's financially stable and aware that the rest of the family is covering his mother's expenses — and what he plans to do to contribute to her care going forward. While the woman's financial struggles began with a divorce and a risky investment, her situation has become a family-wide issue. Orman's advice? Keep compassion at the center of every conversation, and don't be afraid to ask tough questions — especially to those who may not be pulling their weight. Read Next: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Divorce At 72 Leaves Woman Working Full Time To Make Ends Meet, But That's Not All - Suze Orman Weighs In originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
