Wall Street analysts have recently expressed growing optimism regarding the potential increase in gold prices, with predictions reaching up to $3,000 following a significant year of gains exceeding 20%. This optimistic outlook for the gold market has been accompanied by rising interest from investors during financial uncertainty. With the Federal Reserve’s potential interest rate cuts ... Read more ›
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London-based fintech firm, Revolut, achieves a substantial valuation of $45 billion following a secondary stock market sale. This impressive figure catapults Revolut to ranks of top-valued fintech companies across the globe, underpinned by their robust financial strategies and consistent achievement of key objectives. Revolut’s latest financial advancement has led to a significant rise in its ... Read more ›
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While participating in an online town hall event recently, Senator Schumer emphasized the urgent need to regulate cryptocurrency actively. He drew attention to the widespread existence of cryptocurrency across all sectors of finance and emphasized the gravity of its potential effects on national security and the importance of market integrity. Schumer maintained that not paying heed to ... Read more ›
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In November, the Social Security Administration (SSA) revealed changes to the payment schedule for the Supplemental Security Income (SSI) program. Because December 1 falls on a weekend, payments have been advanced to November 29. This modification, however, is not an extra payment but an effort to ensure beneficiaries receive their payments promptly and in accordance ... Read more ›
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Amplitude, a leading cloud-based digital product analytics provider, experienced a significant stock market feat in September 2021, with shares soaring to $84.80 by November from an initial price of $50. However, a slump in the tech sector during the pandemic resulted in a dramatic drop in stock prices. Amplitude undertook a comprehensive restructuring process, including ... Read more ›
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During an active trading session last week, the price of gold neared record highs in Asia’s markets. This surge was primarily attributed to tamer U.S. consumer inflation data and speculations of probable decreases in interest rates by the Federal Reserve. Investors exploiting this possible downtrend eagerly bought gold, causing significant boosts in its market value. ... Read more ›
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On August 14, 2024, GitHub, the global platform for hosting open-source software, encountered a service disruption lasting approximately three hours. The interruption, which began at around 4:00 pm Pacific Standard Time, affected many users. GitHub’s recovery team was notified instantly and worked persistently to restore regular operations. Some minor issues persisted long after most services ... Read more ›
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Major markets such as the S&P 500 and Nasdaq marked a steady incline for the fifth consecutive day, regardless of Alphabet’s slight slump due to Google’s impending split proposal by U.S. officials. The Dow made strides, advancing by 0.61%, the S&P 500 improved by 0.38%, and the Nasdaq showed an uplift of 0.03%. This suggests ... Read more ›
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The administration has released a forecast indicating a possible decrease in the Social Security cost of living adjustment (COLA) for 2025 to 2.6% due to a minor dip in inflation last month. This is a downward shift from the 4.5% COLA increase beneficiaries experienced in 2024. However, officials assure that the overall payments will not substantially decrease ... Read more ›
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Tesla recently refuted some common misconceptions about the Software Updates available for its vehicles, ensuring vehicle owners that these do not hamper the performance but rather aim to enhance the vehicle’s capabilities and rectify any software-related problems. The updates are accessible from the ‘Software’ section in the car’s settings, allowing users to control the frequency ... Read more ›
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The U.S. Social Security Administration (SSA) has revealed its Social Security Payment schedule for the upcoming year. This schedule aims to assist U.S. retirees in improving their financial management by clarifying payment dates. Payments will be sent out by the second, third, or fourth Wednesday of each month based on beneficiaries’ birthdates. This initiative is meant to ... Read more ›
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JD Vance, a notable financier and entrepreneur known for his investment in the Kentucky-based venture AppHarvest, is now marred by allegations concerning poor working conditions at the company. Despite his previously advocated progressive work conditions, disgruntled employees have voiced concerns over long working hours, underwhelming pay rates, and substandard working environments. The company, which formerly ... Read more ›
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The Office of the Inspector General (OIG) revealed that the Social Security Administration (SSA) inadvertently disbursed over $1 billion due to the overbearing backlog of cases countrywide. The SSA’s system inefficiency and shortcomings resulted in improper claim processing and payment, causing grave economic ramifications. The OIG audit emphasized the problem of inaccurate payments might persist ... Read more ›
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Minnesota Governor Tim Walz is a familiar advocate for higher taxes on the wealthy and organizations, a stance that has often met resistance from business leaders. Nevertheless, Walz stresses the necessity of this approach for promoting social equity and bolstering public services. His tenure has been marked by challenges such as managing racial tensions, the ... Read more ›
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Midwestern small business owners are worried about the potential impact of inflation on their operations. They fear that rising costs will affect their competitiveness and financial stability. They’re concerned about how altered customer spending habits, due to increased prices, might tweak their business dynamics. A survey by the National Federation of Independent Businesses (NFIB) shows ... Read more ›
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The U.S. Department of Labor has introduced a regulation designed to protect individual’s retirement savings, urging financial advisors to steer clear of recommending high-fee products. This regulation aims to prioritize client interests over advisor gains, promoting transparency with full disclosure of all fees and commissions. Despite critics suggesting that it may limit investment choices, proponents ... Read more ›
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A recent study in collaboration with TrueBridge Capital Partners shines a spotlight on the powerful influence of Artificial Intelligence (AI) on venture-capital backed startups. The research indicates a strong correlation between incorporating AI and reaching a $1 billion valuation, often referred to as ‘unicorn’ status. Startups leveraging AI technologies are more likely to attain this ... Read more ›
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Big Lots, a well-known retailer in America, plans to close around 300 stores in a surprising departure from its prior prediction of 40 closures. This change comes from concerns about an intensifying economic dip. The sudden change has astonished many, posing the risk of layoffs for thousands of workers. The company sees the closures as ... Read more ›
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Chinese firm WeRide, specializing in self-driving car technology, has received its approval to carry out passenger trials in California, marking a significant advancement as the company prepares for its stock market debut in the U.S. The consent from the California Public Utilities Commission makes WeRide the seventh firm in the state to get permission to ... Read more ›
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Seventy million U.S. citizens depend on Social Security, raising concern over the sustainability of the program as it consistently spends more than its income. Economics Correspondent, Paul Solman, has been investigating potential ramifications and solutions to this issue. The results of his investigation suggest that if a viable solution isn’t found, deductions may increase and ... Read more ›
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22.12.2025 13:33
Last update: 13:25 EDT.
News rating updated: 20:21.
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