Recently, the Securities and Exchange Commission (SEC) in the Philippines has taken a significant step by ordering Google and Apple to remove cryptocurrency exchange Binance from their app stores. The regulator cited concerns about the security of funds for Filipino investors due to Binance’s alleged activities in the country. SEC Chairperson Emilio Aquino has expressed
Finance
The federal government has allocated $8.8 billion for Home Energy Rebate programs through states, territories, and tribes. The Department of Energy has approved the first application for New York, awarding an initial $158 million. This funding aims to provide rebates worth up to $14,000 per household for homeowners and landlords who make energy efficiency upgrades.
Artificial intelligence has made a big splash in the investment world since the introduction of ChatGPT in November 2022. This groundbreaking technology has enticed investors to pour their money into AI-related ventures in search of the next big winners. In 2023, the Magnificent Seven, comprised of tech giants like Tesla, Amazon, and Microsoft, led a
China’s fiscal stimulus, as analyzed by S&P Global Ratings senior analyst Yunbang Xu, is facing challenges in its effectiveness. The strategy, according to Xu, is more of a tactic to buy time for industrial and consumption policies rather than providing immediate results. In measuring fiscal stimulus, the growth in government spending is used as a
LabHost, a fraudulent website used by thousands of criminals to deceive individuals into providing personal information, has been exposed by international police forces. This deceitful platform was utilized by over 2,000 criminals to obtain sensitive data such as email addresses, passwords, and bank details. The Metropolitan Police of Britain disclosed that approximately 70,000 U.K. citizens
Investors in the K-pop sector have had a rocky start to the year with lower fourth-quarter sales, profit declines, and dating scandals affecting stock prices. However, despite these setbacks, Goldman Sachs expressed optimism for the industry in a recent report, claiming that the K-pop sector is often misunderstood. The report highlights the potential for a
Federal Reserve Chair Jerome Powell recently addressed the state of the U.S. economy, emphasizing that while there has been solid growth and strength in the labor market, inflation has not returned to the central bank’s target of 2%. This poses a challenge for the Fed as they consider the possibility of interest rate cuts in
British stock trading app Freetrade has recently achieved a significant milestone by reaching breakeven earlier this year, a major achievement after facing losses in the previous year. The company reported improved financial figures in the first quarter of 2024, showcasing a positive trend towards profitability. Freetrade disclosed that it achieved adjusted earnings before interest, tax,
Larry Swedroe, a respected figure in the investment industry, has raised questions about the effectiveness of Warren Buffett’s investment style in today’s market environment. Swedroe argues that the influx of professional Wall Street firms and hedge funds has changed the landscape of investing, making Buffett’s traditional approach less viable. While Warren Buffett has long been
The data released by the Treasury Department shows that the majority of Americans purchasing new electric vehicles eligible for tax credits are choosing to receive an advance payment from the dealer instead of waiting until tax season. Approximately 90% of qualifying consumers have opted for this new mechanism. The introduction of advance payments under the
