US mortgage refinance demand rises despite interest rates crossing back over 7%
Key points Home owners in the US are continuing to take mortgages despite high interest rates. Applications to refinance homes has now jumped 10% in the past week which is 4% higher than the same period YoY. Applications for new homes mortgages fell 5% for the week...
TSMC gets Q1 revenue boost as AI boom favors its market prospects
Key points Taiwan chipmaker, TSMC has reported a rise by 16.5% in its 2024 first quarter revenue on wednesday. The rise beats market expectations as the company benefits majorly from AI boom. TSMC, the world’s largest chip contract chipmaker has reaped major benefits...
Turkey’s inflation rises to 68.5% despite successive rate hikes
Key points Inflation still runs wild in Turkey at 68.5%. Education cost had the highest inflation by 104% YoY, followed by hotels and eateries at 95% and health at 80%. Turkey's inflation data shows increased inflation rates despite the central bank imposing continued...
Eurozone gets economic boost as inflation slows down to 2.4%
Key points Inflation in the Eurozone slowed to 2.4% in March, a number lower than expected. The dip increases the chances of interest cuts later in the year. 20 nation region, the Eurozone just received an economic boost after recording lower inflation rates (2.4%)...
Choosing the Right Certificate of Deposit (CD) Term: A Comprehensive Guide
Introduction Certificate of Deposits (CDs) are a popular and low-risk investment option for individuals seeking to earn a fixed rate of return on their savings. One of the key decisions when investing in CDs is selecting the right term, which refers to the length of...
Banking
US mortgage refinance demand rises despite interest rates crossing back over 7%
Key points Home owners in the US are continuing to take mortgages despite high interest rates. Applications to refinance homes has now jumped 10% in the past week which is 4% higher than the same period YoY. Applications for new homes mortgages fell 5% for the week...
Turkey’s inflation rises to 68.5% despite successive rate hikes
Key points Inflation still runs wild in Turkey at 68.5%. Education cost had the highest inflation by 104% YoY, followed by hotels and eateries at 95% and health at 80%. Turkey's inflation data shows increased inflation rates despite the central bank imposing continued...
Eurozone gets economic boost as inflation slows down to 2.4%
Key points Inflation in the Eurozone slowed to 2.4% in March, a number lower than expected. The dip increases the chances of interest cuts later in the year. 20 nation region, the Eurozone just received an economic boost after recording lower inflation rates (2.4%)...
Choosing the Right Certificate of Deposit (CD) Term: A Comprehensive Guide
Introduction Certificate of Deposits (CDs) are a popular and low-risk investment option for individuals seeking to earn a fixed rate of return on their savings. One of the key decisions when investing in CDs is selecting the right term, which refers to the length of...
UK economy struggles as inflations continue to bite hard
Key Points UK’s Gross Domestic Product has shown no growth in Q3 2023 after registering a slight rise of 0.2% in Q2. The UK Finance Minister now decries high inflation, blaming it as the “greatest barrier” to their economic growth. Inflation rates in the UK are still...
Standard Chartered venture arm eyes setting up a crypto fund in UAE
Key Points Global banking giant Standard Chartered is eyeing setting up a crypto fund in the United Arab Emirates. The disclosure comes days after the UAE issued guidance on crypto regulation requiring VASPs to be licensed to increase the transparency of financial...
Finance
A Millennial’s Guide to Retirement Planning: Building a Secure Financial Future
Retirement may seem like a distant milestone for millennials, but the truth is that the earlier you start planning and saving, the better off you'll be in the long run. With the changing landscape of employment, rising living costs, and uncertainty surrounding...
Preparing Your Finances: Budgeting for a New Baby
Welcoming a new baby into your family is an incredibly joyous occasion, but it also comes with a host of new responsibilities, including financial ones. From diapers and formula to medical expenses and childcare, the costs associated with raising a child can add up...
Essential Accounting Skills for Effective Personal Financial Management
Introduction:Conclusion: Introduction: Personal financial management is a crucial aspect of our daily lives, requiring a set of skills to ensure financial stability and success. While many may associate accounting with businesses, the principles of accounting are...
The first window for the approval of all 12 spot Bitcoin ETFs by SEC starts today
Key Points US SEC is now approaching the climax of deciding on the ongoing spot Bitcoin approval race by TradFi institutions. Today is the start of the first window for the commission to approve all of the 12 filed spot Bitcoin ETFs. The US SEC has just entered an...
European stocks fall as investors track Middle East political atmosphere
Key Points Tension in the European market rises as investors fear further escalation in the Middle East. Pan-European Stoxx 600 index down 0.6% as President Biden tours Tel Aviv European stocks are trading in the red as President Biden visits Tel Aviv. Investors are...
Financing: What Does It Mean?
IntroductionDefining FinancingForms of FinancingSignificance of FinancingChallenges in FinancingConclusion Introduction Financing is a fundamental concept in the world of economics and personal finance. It plays a crucial role in enabling individuals, businesses, and...
Technology News
TSMC gets Q1 revenue boost as AI boom favors its market prospects
Key points Taiwan chipmaker, TSMC has reported a rise by 16.5% in its 2024 first quarter revenue on wednesday. The rise beats market expectations as the company benefits majorly from AI boom. TSMC, the world’s largest chip contract chipmaker has reaped major benefits...
Xiaomi’s SU7 EV launches cheaper than Tesla’s Model 3 in China
Key Points Xiaomi CEO Lei Jun has introduced the standard version of their electric car, SU7, which is expected to sell at $30,408, a price that will help them enter the market even if they make losses per car. The SU7 is now selling at $4K cheaper than Tesla’s Model...
Biden administration takes new steps to regulate Artificial Intelligence
Key Points Biden's administration has laid out new regulations to monitor Artificial Intelligence technology usage and safety within government organizations and agencies. In the new rules, all agencies must establish specific safeguards for AI applications that could...
Meta reportedly working on an AI project to rival OpenAI
Key Points Mark Zuckerberg’s Meta is reportedly working on an AI project that is meant to rival OpenAI’s ChatGPT Wall Street Journal Exclusive story indicates that Meta is in very advanced stages of AI chatbot development Meta has been on the spot before for training...
Podcast
Around the Block with Jefferson Nunn – With special guest, Jaydeep from Launch Nodes.
Around the Block With Jefferson Nunn - Interview With Jaydeep from Launch Nodes In the podcast, Jaydeep from Launch Nodes explains how their platform helps both financial businesses and individuals to stake their assets independently. Solo staking infrastructure...
Around the Block with Jefferson Nunn – With Azeem Khan from Gitcoin.
Around the Block With Jefferson Nunn - Interview With Azeem Khan from Gitcoin. In the podcast, Azeem explains how Gitcoin is leveraging blockchain technology to create a more open and collaborative ecosystem for software development. Azeem also discusses how...
Around the Block With Jefferson Nunn – Interview With John Dogru from 3DOS.
In the newest edition of “Around the Block With Jefferson Nunn,” Jefferson interviews John Dogru of 3DOS. John is a thought leader in digital manufacturing, IP security, and streamlining 3d printing workflows. He has graduated the Top IOT accelerator in Silicon...
Around the Block With Jefferson Nunn – Interview With Shawn Owen from SALT Lending.
In the newest edition of “Around the Block With Jefferson Nunn,” Jefferson interviews Shawn Owen of SALT Lending. Mr. Owen is a business founder and entrepreneur with experience in management and ownership of enterprise operations with a passion for systems...
Mixin Network suffers $200M in mainnet asset drain
Mixin Network, a decentralized peer-to-peer network, has lost nearly $200 million in a mainnet hack. The hack compromised the database of a third-party cloud service provider Mixin Network has taken to X.com to confirm that its services are down as a hack has...
Stanford University to refund millions in crypto donations to FTX
Stanford University has indicated that it intends to reimburse millions to FTX after confirming illegal donations by Sam Bankman Fried. FTX legal counsel has increased efforts to crawl back all donations that were made by EX-CEO Sam Bankman Fried using customer...
South Korean City of Cheongju to seize crypto from thousands of tax evaders
Key Points Authorities in the South Korean City of Cheongju are set to seize crypto from uncooperative taxpayers. These authorities seek to seize crypto from thousands who have over $750 in crypto taxes to the government. The South Korean City of Cheongju is set to...
PayPal to roll out a crypto Hub for select users
PayPal recently launched a stablecoin in a push to rebrand as a crypto-inclusive payments platform. On Monday, it also announced it was also rolling out a cryptocurrency hub for select users.
Hot Stories
US mortgage refinance demand rises despite interest rates crossing back over 7%
Key points Home owners in the US are continuing to take mortgages despite high interest rates. Applications to refinance homes has now jumped 10% in the past week which is 4% higher than the same period YoY. Applications for new homes mortgages fell 5% for the week...
TSMC gets Q1 revenue boost as AI boom favors its market prospects
Key points Taiwan chipmaker, TSMC has reported a rise by 16.5% in its 2024 first quarter revenue on wednesday. The rise beats market expectations as the company benefits majorly from AI boom. TSMC, the world’s largest chip contract chipmaker has reaped major benefits...
Turkey’s inflation rises to 68.5% despite successive rate hikes
Key points Inflation still runs wild in Turkey at 68.5%. Education cost had the highest inflation by 104% YoY, followed by hotels and eateries at 95% and health at 80%. Turkey's inflation data shows increased inflation rates despite the central bank imposing continued...
Eurozone gets economic boost as inflation slows down to 2.4%
Key points Inflation in the Eurozone slowed to 2.4% in March, a number lower than expected. The dip increases the chances of interest cuts later in the year. 20 nation region, the Eurozone just received an economic boost after recording lower inflation rates (2.4%)...
Choosing the Right Certificate of Deposit (CD) Term: A Comprehensive Guide
Introduction Certificate of Deposits (CDs) are a popular and low-risk investment option for individuals seeking to earn a fixed rate of return on their savings. One of the key decisions when investing in CDs is selecting the right term, which refers to the length of...
A Millennial’s Guide to Retirement Planning: Building a Secure Financial Future
Retirement may seem like a distant milestone for millennials, but the truth is that the earlier you start planning and saving, the better off you'll be in the long run. With the changing landscape of employment, rising living costs, and uncertainty surrounding...