The Philippines’ Securities and Exchange Commission (SEC) has made a bold move by issuing orders to both Google and Apple to eliminate cryptocurrency exchange Binance from their respective app stores. The regulator’s press release, which was issued on Tuesday, highlighted the SEC’s concerns regarding the potential risks posed by Binance to Filipino investors. SEC Chairperson
Finance
In a bid to promote home energy efficiency, the federal government has introduced a new wave of rebates under the Inflation Reduction Act. A whopping $8.8 billion has been earmarked for Home Energy Rebates programs, with states, territories, and tribes needing to apply for the funding. The Department of Energy has already given the green
Artificial intelligence has made a significant impact on the investing landscape since the introduction of ChatGPT in November 2022. Investors have shown great interest in AI-related technologies as they search for the next big winners. In 2023, the Magnificent Seven, including Tesla, Amazon, Meta Platforms, Apple, Microsoft, Alphabet, and Nvidia, played a major role in
China’s fiscal stimulus strategy has been a topic of discussion among analysts and economists. According to S&P Global Ratings senior analyst Yunbang Xu, the effectiveness of China’s fiscal stimulus is diminishing, and it is being viewed more as a strategy to buy time for industrial and consumption policies rather than a long-term solution. The analysis
In a recent statement by Britain’s Metropolitan Police, it was revealed that a massive fraud website known as LabHost has been successfully infiltrated by international law enforcement agencies. This website was being utilized by over 2,000 criminals to deceive unsuspecting individuals into providing sensitive personal information, including email addresses, passwords, and bank details. Upon investigation,
Federal Reserve Chair Jerome Powell recently made comments indicating that while the U.S. economy is strong in many aspects, inflation remains below the central bank’s target. This suggests that interest rate cuts are unlikely to occur in the near future. Powell highlighted the solid growth and strength in the labor market but expressed concerns about
Investors in the K-pop sector have faced a rocky start to the year, with lower fourth-quarter sales and profits contributing to a downturn in stock prices. The dating scandals involving artists from various companies have also put a dent in investor confidence. However, despite these challenges, Goldman Sachs remains optimistic about the industry’s prospects, calling
In a surprising turn of events, British stock trading app Freetrade reached the breakeven point earlier this year, a significant milestone for the company. This achievement marked their first move into profitability after facing substantial losses in the previous year. Freetrade reported an adjusted EBITDA of £100,000 in the first quarter of 2024, along with
Larry Swedroe, a highly respected researcher in the investment market, has raised concerns about the effectiveness of Warren Buffett’s investment style in today’s market environment. Swedroe points to the increasing involvement of professional Wall Street firms and hedge funds in the market as a key factor in Buffett’s approach losing its edge. While Buffett was
The implementation of advance payments for electric vehicle (EV) tax credits has proven to be a popular choice among Americans purchasing qualifying new EVs. According to recent data from the Treasury Department, approximately 90% of consumers who are eligible for the “new clean vehicle” tax credit, which can be valued up to $7,500, have opted