A stylized illustration of a cylindrical cup with blue arrows and lines indicating a swirling or rotational motion inside the cup.
Briefs
 Finance
Free NewsletterPro Login

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */
×
Free investor livestream — Nov 17

How To Use ChatGPT & Claude To Research Stocks Like A Pro

01
The prompt we use to break down any stock
02
How to fact-check what AI tells you
03
How to compare two stocks in minutes

Block boosts reserve ahead of DOJ anti-money-laundering agreement

Andre Savage
Published Nov 3, 2026
Share:
Summary:
  • Block set aside more money to address a years long Department of Justice review of its anti-money-laundering program.
  • In October, Block and the DOJ reached an agreement in principle under which the government would "defer, for a period of three years, a charge that the company failed to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act," per a Tuesday filing.
  • The company anticipated total monetary terms of about $964 million, with a net amount due of roughly $764 million; by the end of June, Block had set aside $526 million and had increased that figure to $764 million by the end of September.

What happened

Block said it increased its reserve to address a years long DOJ probe into its anti-money-laundering controls. The company disclosed in a Tuesday regulatory filing that in October it and the DOJ reached an agreement in principle.

The deal and the numbers

Block described the pact as a deferred-prosecution agreement that still needs court approval. The filing quotes the DOJ's commitment to "defer, for a period of three years, a charge that the company failed to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act," if the agreement is finalized. The company expects the monetary terms to sum to about $964 million, with the net payment around $764 million. Leading up to this, Block had recorded $526 million by the end of June, then took the reserve up to $764 million by September.

Changes in compliance and oversight can reshape risks that investors weigh every day. We're hosting our first ever investor livestream on 11/17 to show you how to use ChatGPT and Claude to invest like a pro, hosted by Briefs Finance CEO Jaspreet Singh. Save your seat.

Why it matters for your portfolio

This comes as U.S. watchdogs have been active on anti-money-laundering lapses. In October, federal regulators imposed $1.21 billion in penalties on Bank of America, the bank's largest regulatory fine in the past decade, and regulators previously fined American Express $350 million for failures to detect and report money laundering. The bottom line: higher compliance costs remain a real line item across financial services, which can affect margins, cash flow, and how markets price regulatory risk.

Learning to use smarter tools can quietly improve long term investing decisions. On 11/17, our CEO Jaspreet Singh goes live for our first ever investor livestream on how to use ChatGPT and Claude to invest like a pro. Register to join him.

Disclosure

Recent News

1 2 3 … 118

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

November 3, 2026
How to Budget Every Payday: 5 Moves So You Never Worry About Money
By Briefs Finance
  • A median earner could make about $4.7 million over a career, yet most retire with closer to $13,000 in the bank because of a keeping problem, not an income problem.
  • Audit your money, save $2,000, pay off credit card debt, then automate a 75/15/10 split across three bank accounts.
  • Earn more only after your system is in place, then protect what you build with an accountant, attorneys, the right insurance, and an estate plan.
Read More
November 3, 2026
How to Invest in Stocks: 5 Things to Do Before You Invest Your First Dollar
By Aditya Raj Singh
  • Paying off credit card debt at around 22% interest beats the stock market's roughly 10% average, and even Warren Buffett's 19%.
  • Save $2,000 in a separate emergency fund, learn to research with AI, and decide whether you're a growth, income, or wealth preservation investor.
  • Write down a plan for buying during market crashes, which have happened 25 times in the last 100 years.
Read More
November 3, 2026
Best ETFs to Buy: 5 Three-ETF Portfolios for Every Investing Goal
By Nate Gregory
  • An ETF is a basket of stocks, so one purchase spreads your money across many companies instead of riding on just one.
  • Jaspreet Singh laid out five portfolios of three ETFs each, built for kids, cash flow, growth, slow and steady growth, and protection from a weaker dollar.
  • Based on 10-year average returns, $500 a month could grow to between about $660,000 and $3.1 million over 30 years, though past returns never guarantee future ones.
Read More
November 3, 2026
Best Investments of a Generation: 5 Market Shifts Backed by Your Tax Dollars
By Briefs Finance
  • Private companies are about to spend $1 trillion a year on AI, and the Trump administration is putting tax dollars behind the same industries.
  • The five shifts are AI and its supply chain, robotics, rare earths, energy, and defense.
  • Each comes with real risk, from an AI bubble to wars ending or a new Congress, so these are ideas to research, not sure things.
Read More
November 3, 2026
How to Get Ahead Financially: 10 Moves to Make While Everyone Else Falls Behind
By Aditya Raj Singh
  • Learning a high-income AI skill, or building AI tools for tradespeople, can raise your earning power in a tough job market.
  • Higher interest rates, the 2025 tax cuts, Trump accounts, and stacked cash back can put more money back in your pocket.
  • Following where government money is moving, keeping cash ready for market crashes, and investing in your own education can speed up your wealth.
Read More
November 3, 2026
National Debt at $40 Trillion: Why Inflation Is the Hidden Tax, and Who Profits From It
By Nate Gregory
  • Time magazine asked President Trump how he'd tackle the $40 trillion national debt, and he suggested inflation could help pay it off, a cost that lands on everyday Americans.
  • From 1971 to 2025, cars, houses, and college outpaced both inflation and incomes, while the S&P 500 grew more than 33,000% with dividends reinvested.
  • The U.S. can default, inflate, or outgrow its debt, and history shows each path rewards different assets.
Read More
November 3, 2026
FOMC Meeting: Why the Fed Is Getting Nervous, and Why AI Stocks Feel It
By Briefs Finance
  • At its latest meeting, the Fed held rates steady but warned it may raise them again, because inflation is running near 3.5% against a 2% target.
  • Oil prices, tariffs, AI's hunger for energy, and government spending are all pushing prices higher, and gold, silver, and bitcoin fell on the Fed's news.
  • Chinese AI stocks are down about 40% in a few months and Google fell more than 10% in a day, raising fears that higher rates could pop an AI bubble.
Read More
November 3, 2026
Midterm Elections: Where the Money Could Move if Republicans or Democrats Win
By Aditya Raj Singh
  • The U.S. government spent about $7.5 trillion last year, and the midterm elections could change which industries get more of that money.
  • A Republican win could favor manufacturing, fossil fuels, banks, and defense.
  • A Democratic win could favor healthcare, weight-loss drugs, clean energy, and infrastructure.
Read More
November 3, 2026
Brazil Stock Market Crash: Why Lula's Win Matters to U.S. Investors
By Nate Gregory
  • Brazil's stock market fell more than 20% in a few days, and its currency dropped 8%, after Lula won a presidential election investors expected him to lose.
  • The shock reaches U.S. investors through coffee and beef prices, the BRICS push away from the dollar, and a market that had become an investor favorite.
  • The last time Lula first won, in 2002, Brazil's stock market fell more than 20% and then grew 12x by 2008, though nobody knows if that will repeat.
Read More
November 2, 2026
Credit Utilization: How Paying Down Cards Can Help Your Score
By info.redakthor
  • Credit utilization is your card balances divided by your credit limits, checked overall and card by card.
  • Lower is generally better, and Experian says the effect becomes more noticeable around 30%.
  • Paying down balances and keeping new charges off your cards are the main ways to lower it.
Read More
1 2 3 … 32
Share via
Facebook
X (Twitter)
LinkedIn
Mix
Pinterest
Bluesky
Tumblr
Skype
Buffer
Pocket
VKontakte
Parler
Xing
Reddit
Line
Flipboard
MySpace
Delicious
Amazon
Digg
Evernote
Blogger
LiveJournal
Baidu
MeWe
NewsVine
Yummly
Yahoo
WhatsApp
Viber
SMS
Telegram
Facebook Messenger
Like
Email
Print
Copy Link
Copy link
CopyCopied