Chicago is taking a big step. It wants to sell about $1 billion in debt. This debt comes from things like unpaid parking tickets. The city is hoping investors will buy this debt. But there's a catch. A top finance official says this is risky. The official warns it might be costly. Investors might no
At HPE, the finance team used to spend a lot of time getting ready for a big meeting every Monday. They had to gather data from different parts of the company and put it all together. This took up most of their week, leaving little time to talk about what the company should do next. To fix this, th
Most people think that having half a million dollars in net worth by age 40 is common, but data shows it’s actually rare. Only a little over ten percent of Americans aged 18 to 39 have reached that milestone, while the median net worth for this group is closer to $178, 000. So if you haven’t hit the
The Pudgy Penguins community is buzzing because a new Visa‑backed card has been announced. The card lets holders spend their crypto or stablecoins at more than 150 million stores and earn rewards of up to 12% on balances. There are three levels: Standard, Black, and Gold, with the Gold tier offering
Young folks today are not big fans of traditional banks. They trust crypto more. This is a big deal for banks. A recent study shows that Gen Z and millennials trust crypto almost five times more than older generations. About one in five young people don't trust banks much. But most baby boomers stil
A popular online personality has just added a banking app to his growing list of businesses. The app, called Step, was created in 2018 and promises to help people learn about money and manage it easily. Back in 2021, Step raised more than $175 million from well‑known investors such as General Cataly
Sen. Steve Daines begins the year with nearly five million dollars ready for use, while Rep. Ryan Zinke has close to three million in hand. Together they hold a comfortable lead over their Democratic opponents, who collectively have just about one‑hundred twenty‑nine thousand dollars. Daines’ 202
Cango, a big name in bitcoin mining, sold 4, 451 bitcoins for about $305 million. The money came from a Tether (USDT) sale that helped the company pay off a loan backed by its own bitcoin. This move also lightened Cango’s debt load and gave the firm a cushion to jump into building AI data centers.
The United Nations is waiting to hear when the United States will pay its overdue budget. The U. N. said it wants details on timing and amounts after Washington promised a first payment soon. The U. N. ’s spokesperson, Stephane Dujarric, told reporters that the secretary‑general has been talking w
Forbes publishes a yearly list that spotlights the most promising young people in business, art and technology. Yet some of those celebrated have later been caught breaking the law, especially in finance. Among the past decade’s honorees are six individuals who faced serious charges. A 26‑year‑old
