The mastermind behind the crypto lending platform Celsius Network has been handed a severe punishment. Alexander Mashinsky, the 59-year-old founder, has been sentenced to 12 years in prison. The judge deemed this necessary due to the seriousness of Mashinsky's crimes, which involved deceiving thousa
A major change happened at UnitedHealth Group recently. The CEO, Andrew Witty, decided to step down. This news came as a shock to many. The company announced that Stephen J. Hemsley, who used to be the CEO from 2006 to 2017, will take over again. Witty will stick around as a senior advisor to Hemsle
A significant step has been taken by the digital bank Chime. It has finally filed for an Initial Public Offering (IPO). This move comes after it quietly submitted confidential S-1 paperwork back in December. The S-1 documents are usually packed with details. They cover everything from financials to
American Eagle, a popular clothing store, has hit a rough patch. The company has decided to scrap its financial predictions for 2025. This comes after a disappointing first quarter, which ended in early May. Sales were lower than expected, and the company had to offer big discounts to clear out extr
Diabetes is a big deal worldwide, and so is the money trouble it brings. The financial strain from managing diabetes is a real issue. It's not just about the cost of insulin or doctor visits. It's about how all these expenses add up and cause stress. This problem isn't the same everywhere. Different
Cancer is a heavy burden. It's not just about the physical toll. There's also a mental and financial strain. This is especially true in China. Many cancer patients face a unique challenge. It's called subjective financial distress. This is when patients feel anxious about money. They worry about how
Tencent Music Entertainment Group, a top digital music service in China, had a great start to 2025. They made $1. 01 billion in the first three months, which is 8. 7% more than the same time last year. This boost came from more people paying for music subscriptions and from ads. But the real game-ch
In the world of online marketplaces, scams are a real threat. Even those who know the risks can fall victim. This is a story about a person who lost $500 due to a scam on Facebook Marketplace. This person was selling furniture and needed to move quickly. A buyer seemed interested in a kitchen or
Coinbase made a significant move into the mainstream financial world. The crypto exchange is set to join the S & P 500, a major stock index. This news came out on a Monday evening. The change will happen before trading starts on May 19. Coinbase will take the place of Discover Financial Services. Th
The cryptocurrency world is buzzing with news that Coinbase, the biggest U. S. crypto exchange, is joining the S&P 500. This move is a big deal for the crypto industry. It shows that digital assets are becoming more accepted in the traditional finance world. It is a significant step for the crypto i
