Reported about 3 hours ago
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 5 hours ago
Source: YAHOO
Reported about 5 hours ago
Perplexity AI has submitted a bid to merge with TikTok's US unit, as it seeks to capitalize on TikTok's vast user base and data for its AI-driven search engine. This move comes amidst challenges faced by TikTok, including a law requiring its parent company, ByteDance, to find a buyer for its US operations or face shutdown due to national security concerns. The proposed merger could reshape the landscape for both companies, despite the complexities involved in such a deal.
Source: YAHOO
Reported about 6 hours ago
Capital One is experiencing a technical issue due to a problem with a third-party vendor, affecting customers' ability to access funds online and prompting complaints across social media. The bank reported that this has temporarily impacted various services, including payment processing and deposits. Customers have expressed frustration, with many unable to pay bills, while Capital One is actively working to resolve the issue.
Source: YAHOO
Reported about 6 hours ago
US regional banks are facing mounting pressure as rising Treasury yields increase borrowing costs, particularly impacting the commercial real estate sector. With approximately 14% of US CRE loans underwater and greater vulnerability to defaults, smaller banks that had offered lower down payments are now more exposed as property values decline. While the decrease in deposit costs offers some stability, the persistent high borrowing rates signal a precarious situation for these banks as they navigate potential losses.
Source: YAHOO
Reported about 6 hours ago
Source: INVESTORS
Reported about 6 hours ago
Source: INVESTORS
Reported about 6 hours ago
Source: YAHOO
Reported about 7 hours ago
In his latest book, Ramit Sethi emphasizes that couples don't need to share the same view on finances; instead, they should engage in constructive money discussions. By acknowledging feelings and establishing regular financial reviews, partners can transform stressful talks about money into opportunities for connection and shared goals. Sethi outlines a simple framework for positive money conversations and suggests that an annual review can help couples stay aligned on their financial aspirations.
Source: YAHOO
Reported about 7 hours ago
As the U.S. nears a ban on TikTok, President-elect Donald Trump announced he may grant a 90-day extension for the app, allowing it to operate beyond the impending deadline. The outgoing Biden administration emphasized the enforcement of the law falls to Trump, who has committed to 'saving' the app. Meanwhile, negotiations for a potential sale of TikTok’s U.S. operations are ongoing, with different proposals under consideration. TikTok's future remains uncertain, as experts suggest current users could still access the app, but without updates, limiting its functionality. The app's popularity among American teenagers and adults poses challenges for any potential ban.
Source: YAHOO
Reported about 7 hours ago
Just days before his second inauguration, President-elect Donald Trump introduced a cryptocurrency meme coin called $TRUMP, which quickly reached a valuation of $31 billion. The coin serves as a memorial to his response following a July 2024 assassination attempt and aims to challenge the dominance of Dogecoin in the meme coin market. With 200 million coins initially available and a plan for a total of 1 billion, questions surrounding the coin's legitimacy have arisen, although it reflects Trump's brand-building strategy in the cryptocurrency landscape.
Source: YAHOO
Reported about 8 hours ago
When navigating a divorce, the division of tax debt can be complex, hinging on state laws and the timing of when debts were incurred. Generally, debts from the marriage are viewed as shared, while those acquired before are considered separate. States follow either community property or equitable distribution principles, affecting how tax liabilities are split. It's crucial to note that the IRS may hold both spouses accountable for jointly filed tax debts, regardless of divorce agreements, but options like innocent spouse relief and separation of liability relief can offer some protection. Consulting a financial advisor can help clarify these obligations.
Source: YAHOO
Reported about 8 hours ago
Source: YAHOO
Reported about 8 hours ago
Retirement expert Fritz Gilbert emphasizes the importance of thorough financial and non-financial planning before retirement, stating that successful transitions rely heavily on preparation. Many prospective retirees overlook the non-financial aspects, which can lead to challenges in finding purpose and structure post-retirement. Gilbert recommends tracking spending, discussing expectations with partners, and actively replacing the essential elements of work life—identity, purpose, and relationships. He also suggests utilizing strategies like the bucket approach to manage retirement finances, highlighting that unexpected opportunities often lead to fulfilling experiences in retirement.
Source: YAHOO
Reported about 8 hours ago
Bill Ackman, the billionaire investor, plans to increase his stake in Howard Hughes Holdings by offering $85 per share to take the real estate company private, with the goal of emulating Berkshire Hathaway by acquiring controlling interests in various operating companies. Currently holding a 37.6% stake, Ackman's move would bolster Pershing Square's ownership to between 61% and 69% once finalized. The initiative comes after Ackman expressed dissatisfaction with the company's stock performance.
Source: YAHOO
Reported about 8 hours ago
Ondo Finance (ONDO) recently unlocked 1.94 billion governance tokens, marking one year of public trading. This event coincided with the release of the OFFICIAL TRUMP token, which drew liquidity from the overall crypto market. Despite an initial price drop of 11.1% post-unlock, ONDO highlights the challenges and dynamics of the decentralized finance sector in comparison to traditional finance. The company continues to push for regulatory clarity while celebrating its first successful year after experiencing substantial growth.
Source: YAHOO
Reported about 9 hours ago
Walmart shareholders are pushing back against the company's recent decision to cut its diversity, equity, and inclusion (DEI) initiatives, which includes withdrawing from the Human Rights Campaign survey and reviewing funding for Pride events. Over 30 shareholders managing $266 billion in assets have expressed their discontent in a letter to CEO Doug McMillon, arguing that the decision undermines Walmart's commitment to marginalized groups and urging the company to resist political pressure. This comes as the retailer's competitor, Costco, defends its own DEI policies.
Source: YAHOO
Reported about 9 hours ago
Base rates for homeowners' insurance in North Carolina will increase by approximately 15% by mid-2026, following a settlement between the state Insurance Department and the insurance industry. The agreement, announced by Commissioner Mike Causey, contrasts with a prior request for a 42.2% hike from the North Carolina Rate Bureau. The increases will occur in two stages: a 7.5% rise on June 1, 2025, followed by another 7.5% a year later, with variations depending on location. High-risk areas will see the most significant increases, while the Rate Bureau is barred from proposing further rate hikes until June 2027.
Source: YAHOO
Reported about 9 hours ago
Financial expert Dave Ramsey warns that focusing on how much a car costs per month rather than the total price can lead to overspending, potentially costing buyers an extra $10,000. He advocates for paying cash for vehicles and not exceeding half of one's annual income on all cars combined. Ramsey emphasizes the importance of budgeting based on savings goals and cautions against new cars due to rapid depreciation, recommending reliable used vehicles as cost-effective alternatives.
Source: YAHOO
Reported about 9 hours ago
Source: INVESTORS
Reported about 9 hours ago
President-elect Donald Trump has made the Federal Reserve's efforts to combat inflation more difficult, creating concerns among Fed officials about maintaining price stability and maximizing employment. With inflation remaining close to the Fed's 2% target in 2024, Trump's proposed policies, including high tariffs and tax cuts, are expected to exacerbate inflationary pressures. The Fed's latest economic projections suggest a gradual increase in core inflation, while analysts anticipate that Trump's pro-business stance might lead to increased consumer spending, potentially leading to further complications for inflation management.
Source: YAHOO
Reported about 9 hours ago
As Ethereum's price sits near $3,333, potential investors are weighing whether to buy amid its volatile history and market predictions. Having previously crossed $3,500 on multiple occasions, Ethereum's future may hinge on its growing adoption in the decentralized finance space and ongoing upgrades. Despite competition, Ethereum's user base is expanding, potentially boosting its long-term value. While the crypto market remains unpredictable, many believe Ethereum holds promise for substantial future gains.
Source: YAHOO
Reported about 9 hours ago
The recent Los Angeles wildfires have resulted in significant financial losses, raising concerns about California's $21 billion utility fund, which may be insufficient to cover damages if utilities are found liable. With estimates of insured losses potentially reaching up to $40 billion, investors are worried as this fund could leave other utilities vulnerable in future disasters. The legal framework in California holds utilities responsible even with prudent actions, adding to the challenges for the fund, which was established after PG&E’s bankruptcy in 2019.
Source: YAHOO