Author: Press Room
Charlie Javice, who sold her student-aid startup Frank to JPMorgan Chase, was charged with fraud. The bank claimed Javice faked millions of customers to convince it to buy Frank for $175 million. An Insider investigation found that Javice has a pattern of exaggerating her success. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Charlie Javice, the 31-year-old founder of financial aid startup Frank, has been charged by federal prosecutors with financial fraud after JP Morgan Chase & Co. alleged in a civil suit last…
TikTok recently began inviting new sellers to test its in-app shopping product in the US. The company is fronting the cost of shipping and offering coupons to users to boost adoption. Sellers told Insider that TikTok Shop is driving real sales, but still has some bugs to work out. When Rebecca Davison created a TikTok account in 2021 for her consumer startup UnbuckleMe, she was skeptical the app would reach her target demographic of parents with young children.But after several of her company’s videos crossed 1 million views, Davison began to appreciate the app’s marketing potential. Thus, when TikTok emailed…
ETF introduction Vintage 2022 has not been one of the most memorable “crus” for German equities. The economic powerhouse behind Europe’s sprawling economy has found itself thrust into a range of economic headwinds, from a Ukraine war-induced inflationary spike, to domestic corporate scandals such as Wirecard, and even widespread EU arbitering between wealthier Northern European states and the poorer South. Spreadsheet by ZMK Capital ETF overview (EWG) You must feel sorry for Germany traditionally renown for using cheap Russian energy to industrialize high quality capital equipment and luxury goods to sell to the likes of China and the United States.…
Shares in Hong Kong’s four biggest family-owned developers have dropped more than a third in the past four years, with nearly $50bn wiped off their market capitalisation as Covid-19 restrictions and interest rate rises took a toll on the property market.Four families dominate the Hong Kong property market: the Lis of CK Asset, the Kwoks of Sun Hung Kai Properties, the Lees of Henderson Land, and the Chengs of New World Development.The share prices of their Hong Kong-listed stocks have fallen by an average of about 35 per cent since April 2019, with their combined market value falling from about…
Bill Barr: I think Trump was jerking the government around Bill Barr, the attorney general for former President Donald Trump, spoke out about the investigation into Donald Trump’s handling of classified documents found at Trump’s Mar-a-Lago home. Read the full article here
Hello! In this week’s ETF Wrap, I caught up with BlackRock’s Gargi Chaudhuri and State Street Global Advisors’s Matthew Bartolini on where investors have been putting their capital and why.Please send feedback and tips to [email protected]. You can also follow me on Twitter at @cidzelis and find me on LinkedIn. Bonds have been the hot spot for money flowing into exchange-traded funds this year. ETFs that buy bonds raked in $53 billion during the first quarter, or 65% of total inflows for U.S.-listed exchange-traded funds, according to a State Street Global Advisors report. That amounted to 114% more than the historical 10-year average…
Wealthy couples fight about money. Couples who are just making ends-meet fight about money. Middle-class couples fight about money. Money is the greatest cause of stress for individuals and is a strong predictor of depression, general psychological distress, mental disorders and suicidal thoughts and behavior. Financial stress can be so severe that it can cause physical pain and lasting physical damage to your body. Financial tension is common in many relationships: Does that tension likely spill over and affect the quality of your relationship? Do you find yourself fighting about the same things when you fight about money? Do some…
What will this mean for Trump’s plans to again seek the White House? As Trump presses ahead with his 2024 campaign, here are a few questions and answers about possible criminal charges from the Manhattan district attorney, Democrat Alvin Bragg, and their effects. Question: Can an indicted person run for president? Answer: Yes. There’s nothing in the Constitution preventing it. Article II, Section 1, of the Constitution doesn’t mention criminal records. The only requirements to run are being a natural-born citizen at least 35 years old and resident in the U.S. for 14 years. “ Not only can an indicted…
© Reuters. FILE PHOTO: Toyota Motor Corporation’s bZ SDN is pictured after a briefing on the company’s strategies on battery EVs in Tokyo, Japan December 14, 2021. REUTERS/Kim Kyung-Hoon By Daniel Leussink and Maki Shiraki TOKYO (Reuters) – Toyota Motor (NYSE:) Corp will introduce 10 new battery-powered models and target sales of 1.5 million EVs a year by 2026, aiming for steep growth in a market where it has long been lapped by rivals. The world’s largest automaker by sales will also set up a new, specialised unit to focus on next-generation battery EVs, senior executives said at a briefing…
By Jarrett Renshaw (Reuters) – The Biden administration on Tuesday released final guidance on how clean energy companies can secure additional tax credits when investing in U.S. communities economically tied to fossil fuels like oil and coal. The Inflation Reduction Act (IRA) passed last year by Democrats extended a 30% tax credit for wind, solar and other green energy projects, but also provided an extra 10% boost to those investing in so-called “energy communities.” The boosted tax credit is central to the administration’s goal of ensuring areas long dependent on fossil fuels benefit from clean energy. It also helped secure…
