BlackRock Inc., the world's biggest money manager, just hit an incredible milestone: they now handle $11.5 trillion in assets. How did they get there? Well, in the past quarter alone, they attracted a whopping $221 billion from investors. This includes $97 billion pumped into exchange-traded funds a
This election season, several states are letting voters decide on new tax rules. Some states want to give childcare centers a tax break, while others hope to fight inflation by raising the minimum wage or removing taxes on daily purchases. Missouri, for instance, might exempt childcare facilities fr
TD Bank has been hit with a massive $3 billion fine and has pleaded guilty to failing in catching money laundering schemes. This all happened because drug cartels and other criminal groups managed to transfer large amounts of illegal money through TD Bank branches in New York and New Jersey. The ban
Sidepit, a fintech startup from Berkeley, California, has just secured pre-seed funding. This investment will help the company develop a game-changing trading platform. The star of the show is Sidepit's patented Decentralized Limit Order Book (DLOB) technology. This clever tool aims to make trading
Get ready, Social Security beneficiaries! This Thursday, you'll find out how much your benefits will increase next year. Experts predict a 2.5% boost, which is less than the past two years. Last year, benefits went up by 3.2%, and in 2023, they saw a huge 8.7% increase due to high inflation. Th
TD Bank is shelling out a massive $3 billion fine for letting drug cartels slip through their money laundering checks. This isn't just a slap on the wrist—it's a record-breaking penalty meant to shake things up at the bank. For years, TD Bank's system missed over 90% of suspicious transactions, allo
The Social Security Administration let everyone know on Thursday that there will be a 2.5% increase in their benefits for 2025. This is the smallest increase since 2021, when it was just 1.3%. This change comes after a period where inflation was high and beneficiaries saw bigger boosts in their paym
In 2025, military retirees and disabled veterans will see their monthly paychecks increase by 2.5%. This raise is lower than recent years but still close to the average increase over the last decade. The Social Security Administration just announced this Cost of Living Adjustment (COLA), which is ti
Imagine the stock market as a rollercoaster. On Wednesday, the Chinese stock market took a big plunge, dropping over 7% in a single day. That's a lot! This sudden drop happened because investors are worried that Beijing's efforts to boost the economy won't be enough. They're looking for more action.
In the ever-evolving world of technology, two companies have recently attracted attention from analysts. Infineon Technologies AG and Atlassian are both getting positive vibes from experts in the field. Starting with Infineon, a key player in the tech sector, Bernstein analyst Sara Russo gave it th
