In an increasingly interconnected world where online shopping knows no borders, keeping track of parcels across different carriers and countries has become a daily challenge for many. Enter China Parcels Tracker, a innovative solution founded in 2014 by Denys Sokolov, that’s transforming how people monitor their international shipments. Solving a Universal Problem The complexity of ... 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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San Francisco-based fintech company Tally, valued at $855 million and backed by A16z, will be ceasing operations due to sudden liquidity issues. The company, which has raised significant funding and developed a sizeable user base over the past nine years, has struggled to navigate financial difficulties. Tally’s CEO, Jason Brown, described the decision as “sad ... Read more ›
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The San Francisco-based fintech firm, Tally, has announced its dissolution due to ongoing financial difficulties. The sudden closure came as a shock to the industry despite the firm’s nine-year tenure and $855 million valuation. Tally, known for its credit card management app aiming to simplify personal finances, was unable to maintain operational costs resulting in ... Read more ›
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The Minnesota Timberwolves are gearing up for the forthcoming NBA season with a new jersey patch partner, fintech firm Sezzle. This partnership signifies an innovative convergence of sports and digital finance, with a focus on increased community engagement. Sezzle’s logo will make its debut on the Timberwolves’ jerseys, reflecting the growing trend of fintech companies ... Read more ›
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The Social Security system may undergo significant changes by 2024 that could impact the primary income source of many American seniors. These changes are prompted by shortfalls in the Social Security fund, aging demographics, and an escalating cost of living. Proposed changes may involve raising the retirement age, altering benefit calculations, and increasing payroll taxes. ... Read more ›
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In 2024, changes to Social Security could potentially affect a large number of Americans. Notably, this includes yearly adjustments and potential cuts in benefits due to rising living costs and longer life spans. As such, understanding these adjustments and preparing accordingly is essential for retirement and financial planning. One key adjustment is the annual Cost-Of-Living ... Read more ›
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Approximately 70 million US citizens heavily rely on Social Security benefits, but these are under threat as spending exceeds revenues. The increase in an aging population has raised concerns about the system’s sustainability as the trust fund depletes. Proposed solutions such as raising the eligibility age or increasing payroll contributions are being discussed more frequently. ... Read more ›
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29.11.2024 13:34
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