finance

Texas ‘Anti-Woke’ Bank Goes Bust In 3 Months

A bank startup backed by billionaire Donald Trump supporter Peter Thiel and pitched as “anti woke” for “pro-freedom” Americans is closing up shop after less than three months. The bank, GloriFi, burned through $50 million in investment money, laid off most of its staff on Monday, and informed workers it was shutting down, The Wall …

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Don’t Buy a Car on Black Friday

Photo: Axelle/Bauer-Griffin (Getty Images) In a recent interview, billionaire Amazon founder Jeff Bezos cautioned Americans against making large purchases during the usual Black Friday shopping bonanza that happens after Thanksgiving. Bezos has faced some criticism for these comments as someone whose entire business model is built on getting people to spend money — not to …

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NJ clings to telephone pole tax in the age of cellphones

New Jersey isn’t just about increasing taxes and finding new taxes and fees to feed its uncontrolled appetite for revenue. Government in this state is also about holding onto all of its existing taxes, even if their expiration was once envisioned. In 1997, a state law specified that when a telecom company ceased to provide …

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Facebook’s Mark Zuckerberg Fires 11K After $15B Metaverse Waste

Photo: Drew Angerer / Staff (Getty Images) Rumors have swirled this week, and now it’s confirmed: Meta, the owner of Facebook, WhatsApp, Instagram and Oculus VR, is sacking 13 percent of its workforce, a total of around 11,000 employees out of work. This comes in the wake of the company having spent an extraordinary $15 …

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El Salvador Plans to Buy More Bitcoin Despite Losing Millions

Salvadoran President Nayib Bukele speaks in La Libertad, El Salvador, on August 26, 2022.Photo: Alex Pena/Anadolu Agency (Getty Images) Nayib Bukele, the president of El Salvador, announced late Wednesday that his government plans to buy one Bitcoin every day starting on Thursday. And while Bukele hasn’t said when the purchases will stop, it is likely …

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Europe’s Multi-Trillion-Euro Energy Derivatives Market Is Under Scrutiny

Europe’s financial authorities are strengthening the oversight of the energy derivative trades used by energy firms to hedge power and gas prices as policymakers look to avoid a spillover effect of the energy crisis into financial markets. In the energy derivative market, worth trillions of euros, energy firms faced more than a trillion euros in …

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dfree® FINfe$t – A Transformational Financial Festival

Somerset, New Jersey, Nov. 12, 2022 (GLOBE NEWSWIRE) — Today, people around the country are tuning in to dfree® FINfest. The free financial festival, powered by Prudential, is offering real help in real time. During the one-day experience, attendees will learn how to make, manage and invest money. From debt payment strategies to investing and …

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