Explore/Finance

Finance

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    CNBC

    The church of Warren Buffett: Why thousands of investors flock to Omaha to be near the investing genius

    informed Summary

    1. The annual meeting of Berkshire Hathaway, led by Warren Buffett, attracts as many as 40,000 attendees each year. They enjoy shopping discounts, a 5K run, and the opportunity to hear from Buffett himself.
    Finance
    7 min read
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    TIME

    Do you need a financial therapist?

    informed Summary

    1. The COVID-19 pandemic has led to a sharp increase in the number of people seeking help from financial therapists, professionals who help individuals manage their emotions around money. This is due to the financial stress caused by the pandemic and the increased awareness of how this impacts mental health.
    Finance
    5 min read
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    The Verge

    Binance founder Changpeng Zhao sentenced to four months in prison

    informed Summary

    1. Binance founder Changpeng Zhao has been sentenced to four months in prison for failing to establish adequate anti-money laundering protections. Zhao pleaded guilty in November 2023, with the judge stating that Zhao prioritized Binance's growth and profits over compliance with U.S. laws and regulations.
    Finance
    2 min read
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    CNN

    Sari shops and street food stalls: How e-payments have taken over India

    informed Summary

    1. Digital payments have become ubiquitous in India, transforming daily life and commerce. The Unified Payments Interface, which allows users to transfer funds instantly by scanning a QR code, has played a significant role in this transformation.
    Finance
    4 min read
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    CNBC

    The new class war: A wealth gap between millennials

    informed Summary

    1. The wealth gap between rich millennials and the rest of their age group is the largest of any generation, according to a recent study. The average millennial has 30% less wealth at the age of 35 than baby boomers did at the same age, but the top 10% of millennials have 20% more wealth than the top baby boomers at the same age.
    Finance
    3 min read
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    AP News

    Bitcoin's next 'halving' is right around the corner. Here's what you need to know

    informed Summary

    1. Bitcoin "halving" is a preprogrammed event that occurs roughly every four years, which cuts the fixed income of miners in half. This effectively reduces the number of new bitcoins entering the market. The event is expected to occur in the next few days.
    Finance
    4 min read
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    Neue Zürcher Zeitung

    Housing costs – and Airbnb – are driving families out of Paris

    informed Summary

    1. Paris has seen a significant population decline, losing a net 73,000 inhabitants between 2015 and 2020. The number of people living in the French is predicted to fall below 2 million in 15 years' time.
    Finance
    6 min read
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    DW

    What's behind China's gold-buying spree?

    informed Summary

    1. The price of gold has surpassed $2,300 for the first time due to geopolitical issues, expectations of U.S. interest rate cuts, and China's accumulation of the precious metal.
    Finance
    3 min read
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    CNN

    Why ‘dynamic’ pricing feels like such a scam

    informed Summary

    1. Surge pricing, also known as dynamic pricing, is becoming more common in the era of AI, helping companies increase their margins and theoretically offering discounts to customers when demand is low. However, this practice has caused PR issues for some businesses -- including Wendy's and JetBlue -- due to a customer backlash.
    Finance
    3 min read
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    CNN

    The important irony in SBF’s sentencing

    informed Summary

    1. FTX founder Sam Bankman-Fried's 25-year sentence for fraud is seen as a social judgement, aiming to impose standardized norms of corporate governance and behavior on the cryptocurrency industry.
    Finance
    3 min read
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    NPR

    Sam Bankman-Fried sentenced to 25 years in prison for his FTX crimes

    informed Summary

    1. Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison after being found guilty of seven counts of fraud related to the collapse of the crypto exchange he founded.
    Finance
    4 min read
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    Vox

    Uber-style pricing is coming for everything

    informed Summary

    1. Fast food chain Wendy's recently faced a backlash for its plans to implement dynamic pricing, a strategy where prices fluctuate based on supply and demand. The company clarified that it would use the strategy to offer lower prices during off-peak hours, not to raise them when traffic is highest.
    Finance
    9 min read
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    TIME

    How to have a low-spend month

    informed Summary

    1. The "low-spend month" is a budgeting trend gaining popularity on social media platforms like TikTok, where participants aim to spend only on essentials and limit or cut out discretionary spending entirely.
    Finance
    4 min read
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    TIME

    Why we're spending so much money

    informed Summary

    1. The rise of financial technology (fintech) and frictionless transactions is making it easier for consumers to spend money, often leading to overspending. The convenience and speed of these transactions -- such as mobile payments and online shopping -- remove barriers that might have once slowed spending.
    Finance
    7 min read
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    Politico

    EU snubs dying solar manufacturers as China poised to swallow market

    informed Summary

    1. Europe's solar manufacturers are facing extinction due to cheap imports from China and a lack of subsidies. As a result of the competition from Asia, major companies in the European Union are laying off workers and shutting down production lines.
    Finance
    1 min read
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    Vox

    The billionaire’s guide to doing taxes

    informed Summary

    1. Wealthy individuals often reduce their tax bills by ensuring most of their wealth is in the form of assets rather than cash, and by not taking a regular paycheck. Instead, they are often paid in stock rewards, which aren't taxed until they are sold.
    Finance
    10 min read
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    El Pais

    The end of the crypto winter looms: These are the tailwinds that are driving Bitcoin again

    informed Summary

    1. The U.S. Securities and Exchange Commission authorized the marketing of exchange-traded funds linked to Bitcoin in January, making it easier for private investors to purchase the cryptocurrency.
    Finance
    9 min read
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    El Pais

    Who will cut interest rates first: The Fed or the ECB?

    informed Summary

    1. A shift in the economic cycle is expected in 2024, leading central banks to embark on a program of interest rate cuts. The European Central Bank may cut rates in April, ahead of the Federal Reserve's expected cut in June.
    Finance
    3 min read
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    BBC

    Could AI 'trading bots' transform the world of investing?

    informed Summary

    1. AI investing is gaining popularity, with one in three investors willing to let a trading bot make all their decisions, according to a U.S. survey. However, experts warn that AI isn't a crystal ball and cannot predict unforeseen events that impact the stock market, such as 9/11 and the coronavirus pandemic.
    Finance
    4 min read
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    Politico

    Christine Lagarde makes a poor central banker, ECB staff say

    informed Summary

    1. In a survey of European Central Bank staff, around half of the participants rated President Christine Lagarde's performance as "very poor" or "poor". This contrasts with the positive ratings received by her predecessors, Mario Draghi and Jean-Claude Trichet.
    Finance
    4 min read