British fintech firm Zilch made headlines by securing a remarkable $125 million in debt financing from Deutsche Bank, a move that is set to revolutionize its growth trajectory. The deal, structured as a securitization, will not only triple the company’s sales in the next few years but also pave the way for a potential initial
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Homeownership is often seen as a key way to build wealth that can be passed on from one generation to the next. However, in the United States, more than $32 billion in assessed property values may be at risk due to a little-known issue called heirs’ property. This situation arises when homeowners pass away without
Warren Buffett’s Berkshire Hathaway has been on a buying spree when it comes to shares of Occidental Petroleum. In fact, over the past nine trading sessions, Berkshire has been consistently increasing its stake in the Houston-based oil and gas producer. This recent surge has brought Berkshire’s holding to almost 29%, making them the largest institutional
Boeing CEO Dave Calhoun is set to address a Senate panel about the company’s imperfect culture as fresh whistleblower claims come to light just before the scheduled hearing. Calhoun acknowledges that Boeing’s culture is far from ideal, but efforts are being made to address and rectify the issues. The company has been under scrutiny since
Americans have experienced a boost in their buying power over the past year as inflation has decreased and the job market has strengthened. According to the U.S. Bureau of Labor Statistics, the average worker in the private sector has seen their real hourly earnings increase by 0.8% from May 2023 to May 2024. This means
Xreal, an Alibaba-backed startup, has introduced the Beam Pro device, revolutionizing the augmented reality (AR) experience for users. The Beam Pro serves as a bridge between AR glasses and Google Play Store apps, offering a virtual mouse-like functionality that opens up a world of possibilities for gaming, movie streaming, and social media interactions. With the
The latest government inflation data indicates a slowdown in the rate of price increases for food items. Despite this, the majority of American consumers still feel the burden of high grocery prices. Over the past few years, 80% of Americans have noticed a significant increase in the cost of groceries. According to a report by
The recent announcement of the FDA approval of Merck’s new vaccine, Capvaxive, to protect adults from pneumococcus bacteria is a significant advancement in the field of healthcare. This vaccine is specifically designed to prevent a severe form of pneumococcal disease that can lead to pneumonia, meningitis, and bacteremia. While the importance of protecting adults, especially
Nvidia’s recent explosive growth has caused a stir in the stock market, particularly with the Technology Select Sector SPDR Fund (XLK). This major technology exchange-traded fund is now faced with the daunting task of acquiring more than $10 billion worth of shares of Nvidia while significantly reducing its holdings in Apple. The rebalancing of the
The Federal Reserve recently announced that interest rates will remain unchanged with only one possible cut expected before the end of the year. This decision implies that individuals carrying balances on their credit cards will not be seeing much relief from the prevailing sky-high interest charges. According to Matt Schulz, chief credit analyst at LendingTree,