The Justice Department said its tenth and final distribution of funds to eligible victims of Bernie Madoff would bring their total recovery to 93.7% of their losses.
Why it matters: The fraud was the largest Ponzi scheme in history, with nearly 41,000 recipients ultimately qualified for payments from the Madoff Victim Fund.
With all the excitement bitcoin has generated this year, a lot of new crypto investors have made nice gains — now it's times to think about the tax bill.
Why it matters: One price the industry has paid by going mainstream is greater scrutiny from revenue authorities.
Bitcoin more than doubled this year to top $100,000, and that's because so much other crazy news happened in a sector that was declared a dead dream not so long ago.
The big picture: Here's what we see as the biggest moments for 2024.
A German government spokesperson on Monday accused Elon Musk of attempting to influence the results of the country's upcoming election by publicly backing its far-right Alternative for Germany (AfD) party.
Why it matters: Musk has become deeply involved in U.S. politics as one of President-elect Trump's most influential backers and is poised to take on a role in the next Trump administration.
Panama's President José Raúl Mulino remembered former President Jimmy Carter, who died on Sunday at age 100, for his "crucial" role in ensuring the Panama Canal was returned to Panamanian control.
The big picture: Carter signed treaties with Panama's leader in 1977 for the U.S. to gradually cede control of one of the world's most significant pieces of infrastructure — a move that came into effect on Dec. 31, 1999.
Authorities in Kazakhstan are investigating the cause of an Azerbaijan Airlines plane crash in the country, which killed 38 people and injured 29 others on Christmas Day.
The big picture: Flight J2-8243 was diverted while en route from Baku, Azerbaijan's capital, to Grozny in southern Russia.
Azerbaijan has demanded that Russia admit its guilt over a Christmas Day plane crash that killed 38 people, the country's President Ilham Aliyev said on Sunday.
The big picture: Russian President Vladimir Putin apologized to Aliyev for the Azerbaijan Airlines crash occurring in Russian airspace, but a Kremlin statement made clear he wasn't accepting responsibility for the incident.
