In a study conducted by OpenResearch, individuals who consistently received basic income payments displayed an increased inclination towards entrepreneurship. They were more open to taking risks and investing in new business ventures. This consistent income provided them financial stability and independence to experiment with entrepreneurial initiatives. Adding to this, the study revealed that these entrepreneurs ... Read more ›
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The Crown Heights Young Entrepreneurs (CHYE) will host their annual Founder’s Circle celebration on July 31st. This event serves not only as a networking opportunity for businesspersons in the Crown Heights community but also as a platform to honor exceptional contributors to the community’s economic progress. This year, ABC Corporation is being acknowledged for its ... Read more ›
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Aspiring to become the ‘Amazon Web Services’ for finance, SoFi has demonstrated significant growth via its tech investments and digital product expansions. SoFi’s strategy involves the diversification of their services, with a particular emphasis on mobile banking and advanced technology, to redefine the financial industry. The company’s separate approach from other finance companies lies in ... Read more ›
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Leading fintech firm, Stripe, has recently secured its third acquisition in just over a year of a global sales tax calculator. This acquisition aims to enhance Stripe’s merchant of record capability, streamlining seamless transactions for customers and bolstering risk management for merchants. Stripe’s CEO, Patrick Collison, highlighted the move as a testament to the company’s ... Read more ›
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Ryder’s portrayal of Lydia’s offbeat, dark humor blended with heartfelt emotion was among the many roles that made Ryder a household name from a young age. The actress assumed iconic roles that further catapulted her fame in films like Heathers, Mermaids, Edward Scissorhands, Little Women, Dracula and Girl, Interrupted. Ryder has also gained a new ... Read more ›
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Generative artificial intelligence (Gen AI) is revolutionizing the business sector, aiding in tasks such as managing chatbots, digital assistants, and even coding support. As advancements like ChatGPT, introduced in November 2022, become widespread, organizations seize the opportunity to increase productivity and innovation. However, the effective use of gen AI remains elusive for many businesses, indicating ... Read more ›
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Microsoft’s most recent quarterly report demonstrates a robust 10% increase in its earnings, majorly fueled by significant growth in its cloud computing sector. This has resulted in a fiscal fourth-quarter profit of $22 billion, surpassing the predicted $2.94 per share to a solid $2.95 per share. The report also indicates a 21% jump in Microsoft’s ... Read more ›
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Speculation is mounting that Vice President Kamala Harris could be the next Democratic presidential nominee, a belief held strongly by several in the business community. Despite the Biden administration’s progressive approach to big corporations, Harris is viewed by some as a potential bridge between the Democrats and businesses, thanks to her prosecutorial experience. Yet, the ... Read more ›
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Tuvya Greisman, Modway’s owner, was the headline speaker at the Founder’s Circle annual gala by Crown Heights Young Entrepreneurs (CHYE) on July 31. The event recognizes the accomplishments of young entrepreneurs in the community and promises an evening of inspiration, networking, and enlightening conversations. Greisman will share his journey to success, the obstacles he overcame, ... Read more ›
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In the twilight of the 90s, SecureIT, under the guidance of co-founder and CEO Jay Chaudhry, and his wife Jyoti, experienced a major transition as Verisign procured it. The acquisition catalyzed explosive growth under Jay’s leadership, subsequently bolstering Chaudhry and his workforce’s financial status. The staff, in particular, reaped immense benefits from their stock options, ... Read more ›
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The U.S. Securities and Exchange Commission (SEC) has levied accusations of fraudulent conduct and unregistered security offerings against Nader Al-Naji, founder of BitClout. Using a pseudonym “DiamondHands”, Al-Naji is alleged to have raised more than $257 million in cryptocurrency whilst circumventing regulatory oversight. BitClout, a decentralized social media platform garnered financial backing from many influential ... Read more ›
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Design software platform Canva is expanding its AI capabilities by acquiring a generative AI content and research startup, stated Cameron Adama, co-founder and chief product officer of Canva. The startup, originating from the video game sector, has a team of 120 who will now join Canva. The startup’s technology enables the development and training of AI models ... Read more ›
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New York City-based startup Trade My Spin, founded by CUNY graduate Ari Kimmelfeld, purchases and resells unused Peloton bikes at a significantly marked-down price. Operational since March 2024, the company has seen rapid growth and has shown immense dedication to making luxury fitness equipment more accessible and affordable to the general public during the global ... Read more ›
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Venture capitalist and founder of Brilliant Minds, Katerina Stroponiati, criticizes age discrimination in Silicon Valley, calling the widespread bias against entrepreneurs over 50 detrimental to innovation and entrepreneurial potential. Stroponiati advocates for a more diverse and inclusive investment landscape, emphasizing the vast wealth of experience, knowledge, and ideas that older entrepreneurs bring. She notes studies ... Read more ›
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Ether exchange-traded funds (ETFs) saw a net drop of $98 million as of July 29, indicating four successive days of negative balance. It’s a rare occurrence in recent months, reflecting intensified bearish sentiment among Ether investors, who may be diversifying to other cryptocurrency options or liquidating due to current market uncertainties. Despite this negative trend, ... Read more ›
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On Tuesday, Asian currencies witnessed slight changes given a series of impending economic announcements. The yen was stable due to potential alterations in monetary guidelines, whilst the dollar made some recovery. This is attributed largely to the ongoing outcome speculation of the Federal Reserve meeting and possible interest rate adjustments. Despite wavering stock markets, Chinese ... Read more ›
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Digital design platform, Canva, has announced its acquisition of Leonardo.ai, an AI content and research startup. Although the specifics of the deal remain undisclosed, it involves a mix of cash and stock transactions. Leonardo.ai’s team of 120 will be incorporated into Canva as part of the move. The purpose of the acquisition is to enhance ... Read more ›
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Egyptian B2B e-commerce platform Cartona pulls in an impressive $8.1 million funding for future business expansion, eyeing potential markets such as Saudi Arabia. This funding round garners support from prominent investors, including Stanford University’s STANCO Investments, reinforcing Cartona’s promise within the B2B e-commerce arena. The platform fosters an environment that does away with unnecessary intermediaries, ... Read more ›
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The Social Security program, a frequent subject of change, is a key financial safeguard for over 53 million American retirees, managing navigation around it imperative. With elements such as the Old Age and Survivors Insurance (OASI), the system provides for retirees, the disabled, and their families. Awareness of the program’s income schedule and the factors ... Read more ›
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Larsen Jensen, esteemed Olympic medalist and a founder of a startup venture, draws interesting similarities between the pressures endured by high-performing athletes and startup entrepreneurs. These individuals often undergo extended periods of solitude, grapple with unpredictable outcomes, and make considerable physical and mental sacrifices. Their resilience, self-belief, and ability to learn from failures are strikingly ... Read more ›
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29.11.2024 20:42
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