FINANCE

Oct 07 2024FINANCE

Crypto Exchanges to Share Trade Info with IRS by 2026

Starting in 2026, the Treasury Department in the U.S. will make it mandatory for crypto exchanges like Coinbase to disclose the details of user transactions to the Internal Revenue Service (IRS). This move is aimed at reducing tax evasion through cryptocurrencies. Think of it like a report card that

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Oct 07 2024FINANCE

Money Moves: What to Do With Your Cash at Every Age

Bola Sokunbi, founder of Clever Girl Finance, stresses the importance of starting financial planning early. She suggests beginning with your employer's retirement savings option, especially if they offer a match. This allows younger folks to take full advantage of compounding, dividends, and appreci

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Oct 07 2024FINANCE

Fair Park's Money Mess: What's Really Going On?

Fair Park in Dallas has been through a lot, with the city deciding to privatize it and give control to a nonprofit called Fair Park First. This was supposed to be a fresh start after years of neglect. But now, things are getting messy. There are reports of problems between Fair Park First and the co

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Oct 07 2024FINANCE

Why IBM Might Be a Smart Investment Choice

IBM, a tech giant with a rich history, is often seen as a compelling option for investors. Let's dive into why this legacy company might be worth considering. First, IBM has been around for a long time. This isn't just a flash-in-the-pan startup. It's a company that's weathered many storms and adap

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Oct 07 2024FINANCE

Micron's AI Surge: A Smart Investment?

Ever heard of Micron Technology? They're a big deal in the tech world right now, especially when it comes to high bandwidth chips. These are like the superhighways for data, and Micron is building them better than anyone else. So good, in fact, that they've just beaten their profit targets and are l

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Oct 06 2024FINANCE

What Trump’s Crypto Comments Mean for Bitcoin Prices

Over the weekend, former President Donald Trump made a splash in the crypto world by promising to make the US a "bitcoin superpower" if he wins the November election. This news sent Bitcoin prices soaring on Monday morning, reaching their highest point since mid-June before settling back down later

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Oct 06 2024FINANCE

Stock Shifts on Monday: A Look at the Big Movers

On Monday morning, stock futures saw a slight rise as investors waited for big earnings reports from major companies later in the week. Let's dive into which stocks made the biggest moves of the day. NewAmsterdam Pharma Company (NASDAQ: NAMS) jumped over 15% ahead of their conference call. This cal

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Oct 06 2024FINANCE

FTX Fraud: Ellison's Sentencing & Bankman-Fried's Guilt

On Tuesday, Sept. 24, at 3 p.m. ET, Caroline Ellison will face sentencing in a New York court for her role in the FTX collapse. Ellison, formerly the CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, pleaded guilty to seven counts of fraud after testifying against SBF. Despite potentia

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Oct 06 2024FINANCE

Ellison's Fate: How Cooperation Could Shape Her Sentence

Caroline Ellison, formerly the co-CEO of Alameda Research and a key player in the FTX scandal, is about to learn her sentence. Unlike her ex-business partner Sam Bankman-Fried, who received 25 years in prison, some experts think Ellison might avoid jail time entirely. What's her secret? She cooperat

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Oct 06 2024FINANCE

Crypto Cash Flows to Trump, Harris Wants In Too

Politicians are now chasing after the crypto industry's money. The 2024 presidential race has seen a surprising twist: the cryptocurrency world is backing Donald Trump with significant Bitcoin donations. Venture capitalists Marc Andreessen and Ben Horowitz have also jumped on the Trump train. Though

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