As the artificial intelligence boom continues, a new survey finds that younger adults are twice as likely to rely on AI for financial advice compared to older adults. According to a Yahoo Finance/Ipsos survey of 1,276 Americans, 20% of Gen Z adults said they were somewhat or very likely to use an AI-powered financial advisor,…
Tag: finance definition
Which Diet (way of eating) Is Best for Health and Longevity?
Proper diet undoubtedly promotes healthier aging and longevity. But what’s the right diet? A meta-analysis of diet studies proposes an answer. or more accurately, answers, based on diet-related biomarkers linked to disease and aging. Half of the studies were done in Europe, the rest from North America and Asia. The February, 2023, article was published…
Is there a financial ‘advice gap’ for non-wealthy Canadians?
Industry players and lobbyists in the financial services sector are warning of an impending “advice gap” that would be created if a ban on certain embedded commissions for mutual funds was extended to segregated funds. These particular commissions are more commonly known as deferred sales charges, or DSCs, and they allow for financial salespeople to…
The Future Of Personal Finance: Fintech 50 2023
Shivani Siroya, the founder and CEO of lending company Tala, which has made the Fintech 50 for seven consecutive years. Tala, Creative Crop/Getty Images From lenders targeting lower-income customers to a hotel reservation app that has branched into credit cards, eight personal finance companies made this year’s Fintech 50. C consumer-facing startups have been among…
How to uncover and address your teen’s money fears
Rumor has it that teenagers only worry about their phones and their friends. But what if they worry about money, too? Research from the 2022 Junior Achievement Teens & Personal Finance Survey found that over 54% of teens feel unprepared for their financial futures. One way parents could help their kids feel more prepared is…
SVB’s biggest debtor in Canada is Michele Romanow’s tech finance firm
Article content The bankruptcy liquidator in charge of Silicon Valley Bank’s Canadian unit is set to receive offers for its loan book on May 29, and the biggest asset is a loan to e-commerce lender Clear Finance Technology Corp., according to people with knowledge of the matter . Article content Toronto-based Clear Finance, which operates…
MPs call for climate-focused rules for Canada’s big banks
A cross-party group of federal lawmakers is backing a call for climate-focused rules on how Canada’s banks, insurers and pension funds invest their money. “We have to do more,” said Ryan Turnbull, the Liberal MP leading a new push to bring the financial system in line with the commitment Canada has made to reduce its…
Branson’s rocket dream ends after mission failure
Sir Richard Branson’s rocket company Virgin Orbit has shut down, just months after a major mission failure. It comes weeks after the firm set up to launch satellites paused operations to try and boost its finances. It had been selling off items it owns in a bid to survive, including its converted jet Cosmic Girl,…