A financial expert recently shared his thoughts on the Giving Pledge. He pointed out that it was born out of fear during the 2008 financial crisis. Wealthy individuals wanted to avoid public anger. But, he argues, the Giving Pledge hasn't made much progress. He believes a new idea, called Trump Acc
Europe's plan to back Ukraine with a massive financial boost is facing some serious hurdles. The idea was to use frozen Russian assets worth up to 210 billion euros to give Ukraine a strong hand in talks with Moscow. But getting all European countries on board has been tricky, especially with Hungar
Semaglutide, the star ingredient in weight-loss drugs Ozempic and Wegovy, just took a big hit. Two major trials showed it doesn't help people with early Alzheimer's or mild memory issues. Thousands of people aged 55 to 85 took part, but the results were clear: no improvement in memory or daily funct
Macy's recent financial report shows a glimmer of hope for the struggling department store. Despite a tough retail environment, the company managed to post a surprise profit for the third quarter. This success comes as a result of a major overhaul led by the new CEO, Tony Spring. The company's comp
The U. S. financial watchdog, the SEC, has put a pause on reviewing new leveraged ETF applications. This includes those for crypto ETFs. They sent letters to nine companies, including ProShares, which already has some leveraged crypto ETFs out there. The SEC's main concern? These funds aim to give
The financial world is changing fast. Big players are looking at crypto as a safe bet while the U. S. economy shows signs of trouble. The U. S. government is borrowing a lot of money. This could lead to problems like sudden jumps in interest rates or struggles to control inflation. When traditional
Euro stablecoins might seem small now, but they have huge potential. Right now, most stablecoins are tied to the US dollar, making up over 99% of the market. Euro stablecoins, on the other hand, are barely a blip at around $600 million. But don't let the small numbers fool you. The euro is the world
MrBeast, the top YouTuber, is not just about videos anymore. The company behind him, Beast Industries, is diving into financial services. This news came from the CEO, Jeffrey Housenbold, at a recent event. The company wants to launch a financial platform under the name MrBeast Financial. It will of
In November, the U. S. job market took a hit. Private companies let go of 32, 000 workers, and small businesses felt the pinch the most. This wasn't good news, and it was worse than experts thought it would be. Just a month before, in October, there was a small gain of 47, 000 jobs. But November's n
In a move that has raised eyebrows, President Donald Trump has decided to pardon Democratic Congressman Henry Cuellar and his wife, Imelda. The couple had been accused of taking around $600, 000 in bribes, with the money allegedly coming from an Azerbaijani oil company and a Mexican bank. Trump anno
