The OBBBA has introduced some big changes to the Qualified Small Business Stock (QSBS) rules, which could be a game changer for startup founders. The cap on how much stock can be excluded from capital gains tax has been raised to $15 million, and it will go up with inflation after July 4, 2025. This means founders and investors can keep more of their profits when the...
Mattel, known for its toys, is diving into a new adventure: indoor water parks. This move comes after a tough financial quarter, where the company didn't meet Wall Street's expectations. But Mattel's CEO, Ynon Kreiz, sees a silver lining. He believes the company's brands still have strong consumer demand worldwide. Mattel's revenue has been up and down since 2021. B...
John J. Lennon, once a man entangled in a life of crime, now finds himself behind bars, serving a 28-year-to-life sentence for a murder he committed in 2001. His journey, however, took an unexpected turn when he discovered journalism through a prison writing workshop. This newfound passion led him to publish articles in prestigious magazines like The Atlantic, Esquir...
Zohran Mamdani, a New York politician, has stirred up a storm by backing Aber Kawas, a Palestinian-American activist running for the New York Assembly. Kawas is known for her strong views, especially one where she downplayed the 9/11 attacks, saying it was just a "couple of people" involved. This has not gone down well with many, both on the right and some on the le...
Cardiff, Inc. just secured a major revolving credit line from a big U. S. bank. This isn't just any loan; it's a game-changer for small business financing. The money will help Cardiff lend more and grow faster. Why does this matter? Small businesses often struggle to get loans from traditional banks. Cardiff steps in with quick, flexible financing. This new credit l...
New York City is making big strides in supporting small businesses owned by minorities and women. The city has set some ambitious goals to award billions in contracts to these businesses, known as M/WBEs. These goals are part of a larger effort to create more opportunities for these entrepreneurs, who have often faced barriers in accessing city contracts. To help re...
Star Entertainment, a well-known casino operator in Australia, is facing yet another rough patch. This is the seventh year they've fallen short of their main goals. The issues this time are with earnings per share, total shareholder return, and return on invested capital. Because of this, they missed out on some significant rewards. To make matters worse, Star has b...
Kraken, a well-known crypto exchange, just secured a massive $800 million investment. This huge sum includes a $200 million contribution from Citadel Securities, a major player in the financial world. The goal? To bring traditional finance into the blockchain era. The funding round was split into two parts. The first part was led by big-name investors like Jane Stre...
A recent court decision might just have given Big Tech a new lease on life for buying up smaller firms. For years, tech giants have been cautious about acquiring competitors, fearing regulatory backlash. But a federal judge's ruling that Meta's past acquisitions of Instagram and WhatsApp were legal has changed the game. This decision is a big win for Meta and the br...
Bitcoin's recent fall to $90, 500 has puzzled many. While factors like Federal Reserve rate cuts and miner sales have contributed, there's a larger issue at play. Companies dealing with digital assets, known as DATCos, have invested heavily this year, pouring in $42. 7 billion. With crypto values down around 40% from their peak, these firms are under pressure. DATCo...