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
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
Berkshire Hathaway, led by Warren Buffett, made headlines recently as it sold an additional 1.3 million shares of BYD, China’s largest electric vehicle maker. This move comes as the conglomerate continues to reduce its stake in the company, which was initially purchased in 2008. The decision to sell a portion of their holdings reflects Berkshire’s
Investors are always on the lookout for opportunities to protect their portfolios from market volatility and enhance returns. One way to achieve this is by investing in dividend-paying stocks. These stocks not only offer a regular income stream through dividends but also have the potential for long-term growth. One of the top dividend picks recommended
The real estate market is currently experiencing a surge in new listings, with an increase of 13% from a year ago. However, despite the rise in properties being listed for sale, homes are taking longer to sell as potential buyers are facing high prices and interest rates. This is creating a situation where the number
The Pentagon recently revealed the first round of winning bidders in its rocket launch contract selection process. Among the victors was Jeff Bezos’ Blue Origin, marking the company’s entry into this exclusive club for the first time. This announcement came as part of the Pentagon’s $5.6 billion National Security Space Launch program, signaling a significant