Gary Gensler must work with Congress to develop proper crypto rules after Ripple drama- Financial Services GOP

Gary Gensler must work with Congress to develop proper crypto rules after Ripple drama- Financial Services GOP

Gary Gensler is under fire after the US SEC partially lost a case against Ripple in the Southern District of New York. Judge Torres ruled on July 13 that the XRP token is not a security so long as it is traded programmatically on exchanges. The US House Committee on Financial Services for Republicans has asked him to work with Congress to regulate digital assets.

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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...

Securing Your Crypto: The Case for Cold Wallets Over Hot Wallets

Introduction In the ever-evolving landscape of cryptocurrency, one of the most critical decisions holders can make is how to store their digital assets securely. With the rise of cyber threats and hacking incidents targeting cryptocurrency exchanges and online...

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...

20 Effective Strategies to Attain Financial Freedom

Financial freedom is a goal that many aspire to achieve, but it requires dedication, discipline, and strategic planning. Whether your definition of financial freedom involves retiring early, living debt-free, or having the flexibility to pursue your passions without...

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Money Market Funds: A Comprehensive Guide to Understanding and Investing

Money Market Funds: A Comprehensive Guide to Understanding and Investing

In the realm of investments, money market funds provide a safe and stable option for individuals and institutions seeking low-risk and short-term investment opportunities. Money market funds are a type of mutual fund that invests in short-term debt securities, aiming to preserve capital while providing modest returns.

A Step-by-Step Guide to Downloading and Using Threads, Instagram’s New App

A Step-by-Step Guide to Downloading and Using Threads, Instagram’s New App

In today’s interconnected world, social media platforms play a significant role in keeping us connected with our friends and loved ones. Instagram, one of the leading social media platforms, has introduced a new app called Threads. Threads is designed to offer a more private and intimate space for sharing moments with your close friends. In this article, we will provide you with a step-by-step guide on how to download and use Threads to enhance your Instagram experience.

Twitter secures money transmitter licenses in three US states

Twitter secures money transmitter licenses in three US states

Twitter has secured licenses to operate as a money transmitter in Missouri, New Hampshire, and Michigan, setting the stone rolling for its dream of becoming a financial service provider. Elon Musk disclosed this plan when taking over the social media giant last year to set it apart from the growing competition.