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
JetBlue Airways is facing a turbulent time as its shares plummeted by more than 10% in premarket trading following a downgrade in its 2024 revenue forecast. The airline anticipates that second-quarter revenue will experience a significant drop of up to 10.5%, which is more than double what analysts had predicted. This disappointing news has been
The U.S. Federal Trade Commission took a firm stance on Monday by filing a lawsuit to obstruct the $8.5 billion deal between Coach and Kate Spade’s parent company, Tapestry, and Capri Holdings. This move throws a temporary wrench in the plan to merge two prominent names in American luxury retail and consolidate six fashion brands
The United Auto Workers achieved a significant victory over the weekend as Volkswagen workers in Chattanooga, Tennessee voted overwhelmingly in favor of joining the union. This victory marks the UAW’s first successful attempt at organizing a foreign-owned automaker plant in the South. The implications of this vote have the potential to affect other automakers, organized
Boeing recently informed its employees about the possibility of a slower increase in production and deliveries of the new 787 Dreamliner planes. This setback is attributed to supplier shortages of “a few key parts,” which have impacted the manufacturing process. The aviation giant has already faced challenges with its 737 Max planes, slowing down deliveries
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.
In recent years, changes in IRA inheritance rules have created a shorter timeline for beneficiaries to withdraw funds from inherited accounts, potentially leading to significant tax consequences. Under the Secure Act of 2019, non-eligible designated beneficiaries must deplete an inherited IRA within a 10-year window. This category includes heirs who are not a spouse, minor
Financial literacy among teenagers is a topic that is gaining more attention in recent years. While many teens are beginning to think about their long-term financial health, there is still a lack of understanding when it comes to basic retirement planning. A survey of 13- to 18-year-olds revealed that 83% of teens have already considered
The recent announcement of Aaron LaBerge’s departure from Disney as the chief technology officer has sent shockwaves through the entertainment industry. LaBerge’s decision to take on a new role at PENN Entertainment, the company behind ESPN Bet, marks the end of an era at Disney. His departure comes at a critical time when Disney is
Express, a longtime mall retailer, recently made headlines by filing for Chapter 11 bankruptcy protection. The company, which owns popular brands like Bonobos and UpWest, is facing significant challenges that have led to the closure of 95 of its stores and all UpWest locations. This decision comes after years of declining revenue, mounting debt, and