Expanding its involvement in the realm of cryptocurrencies, PayPal has taken a deeper plunge by introducing its inaugural stablecoin that is tethered to the US dollar. Branded as PayPal USD (PYUSD), this freshly launched stablecoin has the primary purpose of establishing a seamless connection “between Fiat and Web3 for consumers.” In a press release on … Read more
The booming creator economy has caught the attention of Goldman Sachs, which estimates its total addressable market to be a staggering $250 billion today. Despite its scale and success, many creators face challenges when it comes to managing their finances, obtaining mortgages, and building personal credit. Banks often view freelance work as inconsistent income, leaving … Read more
Microsoft concluded its fiscal year 2023 with a net profit of $72.36 billion (€65.47 billion), marking a 0.5% decline from the previous year. However, the company’s latest quarterly results exceeded market expectations, demonstrating the impact of its commitment to artificial intelligence (AI) technology. In the last 12 months, Microsoft achieved a 7% increase in turnover, … Read more
Panama Prepares 2024 Budget with Significant Increase, The Panamanian Government has unveiled its budget proposal for 2024, amounting to $32.75 billion, which represents an 18.7% surge compared to the estimated budget for 2023 at $27.58 billion. The budget plan is set to be presented by the head of the Ministry of Economy and Finance (MEF), … Read more
Germany, the largest economy in Europe and often viewed as the engine of growth for the European Union, continues to face economic challenges, with the latest data showing stagnation in the second quarter and contraction over the past nine months. A recent report by Capital Economics indicates that Germany has been the worst-performing major economy … Read more
The Supreme Court outlawed affirmative action in college admissions in June, but many elite super-wealthy schools wouldn’t have to comply if they simply refused federal funds. The Supreme Court’s decision to ban affirmative action in college admissions on June 29 has been met with widespread disapproval from elite college presidents. Princeton president Christopher Eisgruber expressed … Read more
IRS Progress and Delays: July 2023 Update. The IRS has made significant strides in processing tax returns, payments, refunds, and correspondence, but certain areas still face delays. Here’s the current status: Processed Returns All paper and electronic individual returns received before April 2023 have been processed, with mail opening within normal time frames. This includes … Read more
Warren Buffett, the world’s sixth-richest man, carried on his tradition of generous philanthropy by donating $4.6 billion worth of stock from Berkshire Hathaway, his conglomerate, this week. This annual summer tradition of large gifts has been ongoing since 2006. The recipients of his recent donations are familiar names. The Bill and Melinda Gates Foundation, focusing … Read more
Incorporating travel insurance into your travel arrangements can provide essential protection for your trip investment, regardless of whether you are embarking on a much-anticipated dream vacation or a spontaneous getaway. Opting for the right travel insurance can save you money, time, and unnecessary frustration in case unforeseen events disrupt your plans. The Best Travel Insurance … Read more
A recent report by the nonpartisan accounting watchdog Truth in Accounting (TIA) has revealed concerning financial state in many U.S. states. Out of the thirty-one states assessed, more than two-thirds are facing a cash shortfall, indicating their inability to pay bills. TIA’s methodology highlights that elected officials in forty-nine states have not accounted for the … Read more