Behavioral finance, which studies how human psychology affects financial markets, has long pointed out three puzzles that seem to defy the theory of rational finance. These puzzles are the predictability of asset prices, the equity premium puzzle, and the volatility puzzle. In simple terms, these pu
Last week, a crypto-focused political action committee (PAC) rolled out a bus tour across five key states, starting in Phoenix and Las Vegas. This PAC, known as Stand With Crypto, has been spending big bucks in the political arena, but not all their spending is as transparent as it seems. In Nevada
These days, young people are turning to artificial intelligence (AI) for help with their personal finances. A recent survey by Experian found that a large majority of Gen Zers and millennials are using AI tools to manage their money. About 67% of Gen Zers and 62% of millennials are relying on AI for
Hey, did you know that your vote isn't just about politics? It's about money. Big money. Today, when you head to the polls, think about how that ballot can really change your financial future. Politicians talk a lot about "economic policy" and "fiscal responsibility. " But what does that really mea
UK government borrowing costs hit their highest level since the Labour party took charge. This happened after Finance Minister Rachel Reeves announced big tax increases in her first budget. Right after the news broke at 12:30 p. m. , the yield on 10-year UK government bonds jumped by as much as 7 ba
Manchester United is aiming high for their first signing under new manager Ruben Amorim, setting their sights on Bayern Munich’s Alphonso Davies. This Canadian star could be a perfect fit for Amorim’s favored 3-4-3 formation, but there are some big hurdles to overcome before he joins the Red Devils.
On October 29, 2024, Hong Leong Bank (HLB) kicked off its journey into greener finance with the launch of its Sustainable Finance Framework (SFF). This initiative aims to invest a whopping US$4. 5 billion (RM20 billion) over five years to support projects that promote sustainability. The bank has be
Imagine you're walking down the streets of Chicago and you see a group of people holding up giant blown-up checks. These aren't just any checks, but ones showing huge investments from billionaires in the upcoming school board elections. That's right, billionaires from outside Illinois are pouring mo
Britain's new Labour government is set to increase taxes on 'sin' items like alcohol, cigarettes, and gambling in its upcoming budget. This move is expected to bring in billions of pounds. These industries are often targeted because they're unpopular and won't have many defenders. However, experts w
On September 23, UK Finance Minister Rachel Reeves spoke at the Labour Party Conference in Liverpool, hinting at the upcoming budget. This is Labour's first budget in 15 years, and it's causing a stir. Will there be tax hikes or spending cuts? Reeves hinted at a change in debt rules to free up funds
