Author: Press Room

Playbook is a personal finance app for high-earning Gen Z and Millennials. David Hegarty, previously a director at Credit Karma, founded the startup in 2021. Playbook used this 13-page pitch deck to raise a $7 million Series A. This fintech is helping Gen Z and Millennials save millions by optimizing their taxes.Playbook is a personal finance app for high-earning Gen Z and Millennials, meaning 25- to 45-year-olds with salaries above $100,000 and high disposable incomes. It helps this population of prime customers save money through tax optimization — reducing the amount of taxes they pay by capitalizing on the existing…

Netflix has pushed back the planned US rollout of its closely watched attempt to crack down on account sharing, a move it expects will weigh on memberships and revenues as it seeks to improve the quality of the new service.The streaming video company estimated revenues would hit $8.24bn in the second quarter, less than the $8.47bn expected by Wall Street analysts, according to an earnings release on Tuesday. Its shares initially fell more than 10 per cent in after-hours trading before rebounding and recovering those losses.Netflix said in a letter to shareholders that the “paid sharing” service — which lets…

Former Fugees rapper Pras Michel testified in his own trial Tuesday, telling the jury that money he received from a Malaysian businessman to set up a picture with then-President Barack Obama was “free money.” The government has alleged that Michel unlawfully used funds over several years from Malaysian billionaire Jho Low to expand Low’s influence in the US, including to try and dissuade the Justice Department from investigating Low. “I looked at it as free money,” Michel said of the millions given to him by Low, adding that he depended on the advice of his lawyers and financial managers at…

Alibaba, Baidu, and other U.S.-listed Chinese stocks were mixed Tuesday on numbers that showed the country’s economy rebounded at a faster-than-expected pace in the first quarter. China’s gross domestic product (GDP) rose 4.5% in the first three months of the year; the consensus estimate by FactSet economists was 3.4%. In midmorning trading, e-commerce giant Alibaba (ticker: BABA) was flat and Pinduoduo (PDD), now known as PDD Holdings, was up 2.5%. Baidu (BIDU) was down 0.5% andJD.com (JD) was off 0.9%. Hong Kong-listed Chinese stocks also were mixed as investors digested more economic data, such as industrial output, which missed expectations, and…

The U.S. Securities and Exchange Commission on Monday charged crypto trading platform Bittrex Inc. and its co-founder and former CEO William Shihara with operating an unregistered securities exchange, the regulator said. The SEC alleged that Bittrex earned at least $1.3 billion in revenue between 2017 and 2022 serving U.S. investors as a broker, exchange and clearing agency without registering these activities with the Commission, in violation of the law. “Today’s action, yet again, makes plain that the crypto markets suffer from a lack of regulatory compliance, not a lack of regulatory clarity,” said SEC Chair Gary Gensler, in a statement.…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.My husband, 51, and I, 48, are wracked with guilt over our lack of saving for our children’s college educations. Our kids are aged 14 and 16. We have never been extravagant spenders, always spending frugally (used car, eating in, careful budgeting, delaying buying a house). However, a combination of debilitating medical and student-loan debt, meager incomes, and a total…

While a divided Washington has made little progress in raising the U.S. debt limit so far this year, there will be an endgame at some point.Here’s what looks likely to come next. Republican-led House aims to vote on proposal in a matter of weeks In a speech Monday at the New York Stock Exchange, House Speaker Kevin McCarthy said his chamber will vote “in the coming weeks” on a proposal that would suspend the limit on federal borrowing for a year, while returning federal spending to 2022 fiscal-year levels and limiting the growth of outlays over the next 10 years…

© Reuters. By Liz Moyer Investing.com — Stocks are falling on Friday as investors digested big bank earnings and a weaker-than-expected report on retail sales. Here are the market movers for April 14. JPMorgan Chase & Co (NYSE:) shares rose 6.9% after the bank record revenue that beat expectations, fueled by a 49% rise in net interest income compared with the same time last year after the Fed’s aggressive rate increases. Citigroup Inc (NYSE:) shares rose 3.9%. Boeing Co (NYSE:) shares were down 5.6% after the plane maker suspended deliveries of some 737 MAX jets on a part supply problem.…

FRANKFURT (Reuters) -The United States and the euro zone should not take the international status of their currencies for granted as countries such as China and Russia seek to create their own systems. The dollar’s 80-year-old reign as the world’s reserve currency is being called into question by some commentators in light of China’s rise as a global power, burgeoning debt at home and geopolitical challenges to Western influence from Ukraine to Taiwan. Lagarde said “a new global map” was being drawn, with some countries seeking alternative invoicing currencies such as the as the Chinese renminbi or the Indian rupee,…

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, suggesting that the economy was losing steam at the end of the first quarter because of higher interest rates. With the labor market cooling, retail sales are likely to remain weak. Ebbing demand for goods is undercutting production at factories, with other data on Friday showing manufacturing production declining last month. Still, the Federal Reserve is poised to raise rates one more time in May, before an anticipated pause in June in…