Retirement can be a time to relax, but for some, it's also a chance to start something new. One person is thinking about investing a big chunk of their savings into a winery. Is this a smart move or a risky gamble? Wine making is a tough business. Not many wineries are doing really well right now. Younger people are drinking less wine, and there are health concerns ...
Climate change is not just about the environment. It's also about money. More extreme weather events are happening. These events cost a lot of money. The tools used to manage these risks are outdated. They were designed for a time when weather patterns were more stable. The financial world is beginning to notice this issue. Investors, regulators, and governments nee...
A well-known figure in the crypto trading world is making a big change. Brett Harrison is leaving behind digital currencies to start a new platform called Architect. This platform is for trading traditional assets like stocks and forex. The main feature is perpetual futures, which are bets on how asset prices will move. But there's a catch: you can use borrowed money...
Two big names in tech, Peter Thiel and Michael Saylor, are making waves in the crypto world. They're both investing heavily, but their strategies couldn't be more different. Saylor, the head of Strategy, is going all-in on Bitcoin. He's been buying up as much as he can, using a unique method. His company issues stock to buy Bitcoin, then holds it. This usually drive...
Stablecoins are back in the spotlight, with major companies like JPMorgan, PayPal, and Walmart jumping on the bandwagon. But before you dive in, it's important to understand the risks involved. Stablecoins are digital tokens designed to maintain a stable value, usually pegged to the U. S. dollar. They offer fast transfers, global reach, and 24/7 access, making them p...
Medical groups face a lot of challenges. These can come from outside or inside the organization. To handle these issues, they need to have a good risk management plan. A recent effort looked at the different risks that affect how well medical groups work. The study used a special way to group risks called the A. V. Zavrazhsky typology. This helped to figure out where...
It's been a rough stretch for sports betting companies during the recent National Football League (NFL) season. Both FanDuel and DraftKings, two major players in the sports betting industry, have been hit hard by the unexpected outcomes on the field. FanDuel, operated by Flutter Entertainment, has taken a significant financial blow due to more favorites winning games...
Valvoline Inc. has recently hit a snag with its new enterprise resource planning (ERP) system. The rollout has exposed some major flaws in its financial controls. This has caused a ruckus, delaying the processing of invoices and billings. Thankfully, these hiccups haven't affected the retail operations yet. But who knows what's next? The system's issues could lead to...
Tech giants like Microsoft, Meta, Amazon, and Apple are splashing out billions on artificial intelligence (AI). It's not just about making more money; they're investing heavily in AI development. Meta, for example, plans to spend $40 billion on AI next year alone. Even Microsoft is cautious, warning that its partnership with OpenAI could lead to losses. When Amazon a...
Connor Tomasko from Chicago is a money management enthusiast who's urging people to be cautious about keeping money in payment apps. While these apps, like Venmo and Cash App, are easy to use, they don't offer the same protections as banks. For instance, funds in these apps aren't usually insured by the FDIC, which means if something goes wrong, you could lose your m...