Tag: financial

TikTok is teaching people to manage their money. But it’s only a place to start. :NPR

People are getting their personal finance lessons from TikTok — as a start.

Erin Confortini/Screenshot by NPR; Grace Lemire/Screenshot by NPR


hide caption

toggle captions

Erin Confortini/Screenshot by NPR; Grace Lemire/Screenshot by NPR


People are getting their personal finance lessons from TikTok — as a start.

Erin Confortini/Screenshot by NPR; Grace Lemire/Screenshot by NPR

Erin Confortini, 23, taught herself to budget and invest in college when she realized she didn’t know much about personal finance — even as a finance major.

Now, she shares the details of her financial life with hundreds of thousands of people online.

In a recent

…
Read More

Amazon is letting employees use their stock to finance home purchases and even second homes

Amazon has struck a deal with embattled online mortgage lender Better.com to offer up a new benefit to employees.

Better.com is launching Equity Unlocker, a program that allows employees to use their vested equity as collateral for a down payment when trying to buy homes. Amazon employees in Florida, New York and Washington State will be the first to try the tool. Unique about the program, according to Better.com, is that employees will have the ability to finance their homes without actually selling their shares, only needing to pledge vested equity.

Even former Amazon employees with vested equity can use

…
Read More

ChatGPT is “killing” Google’s dominance

Shark Tank star Kevin O’Leary said he’s trying to decide whether to invest in the next funding round of ChatGPT.

“I am very fortunate to be offered to take down some equity, but it’s a $29 billion valuation with virtually no revenue… I’m looking at it,” O’Leary said on Yahoo Finance Live (video above).

OpenAI was last valued at $29 billion in an early January funding round, led by a $10 billion slug secured from Microsoft. The tech giant is integrating OpenAI’s ChatGPT AI into its Bing search engine.

“We’ll probably add a 1% weighting into ChatGPT in the portfolio

…
Read More

G20 exploring cryptocurrency regulation, India’s finance minister says

By Nikunj Ohri

(Reuters) – The Group of 20 (G20) big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday.

Given the sophisticated technologies involved with these virtual assets, countries must discuss whether a given regulation is needed, said Sitharaman, whose country is this year’s G20 president.

Prime Minister Narendra Modi’s government has for several years debated drafting a law to regulate or even ban cryptocurrencies but has not made a final decision.

“We are talking to all nations, that if it requires regulation, then one country alone cannot do anything,” Sitharaman

…
Read More

Federal deficit stood at $3.6-billion with four months left in 2022-23 fiscal year

Finance Minister Chrystia Freeland appears as a witness at a Senate committee on national finance, in Ottawa, on Dec. 7, 2022.Sean Kilpatrick/The Canadian Press

The federal deficit stood at $3.6-billion as of November with just four months left in the 2022-23 fiscal year, suggesting federal finances are outperforming official projections.

The Finance Department’s monthly fiscal monitor report said the $3.6-billion deficit for the April to November period compared to a $73.7-billion deficit during the same eight months one year earlier.

The report said the federal government ran a $3.4-billion deficit in the month of November alone, compared with a

…
Read More

McGill Is Offering A Free Personal Finance Course So You Can Actually Learn How Money Works

A complete McGill education might be rather pricey, but the university’s free and self-paced personal finance class physically couldn’t be cheaper. For the low, low price of zero dollars, you can learn from some real professors and lecturers on topics including how to budget, investing 101 and real estate strategies.

The class, developed in collaboration with The Globe and Mail and RBC Future Launch, is taught by professors from McGill’s Desautels Faculty of Management. Upon completing every module of the course, you’ll receive a “McGill Personal Finance Essentials attestation of completion,” which is useful perhaps nowhere, but it does serve

…
Read More

The US debt ceiling fight is a potential ‘financial catastrophe’

Expect financial market and economic chaos to ensue if US lawmakers don’t find a resolution on the debt ceiling this time around.

“If there was even a temporary default on the US debt, it would really be a financial catastrophe,” NYU professor and economist Nouriel Roubini told Yahoo Finance Live at the World Economic Forum (video above). “So if you default on the debt, domestic and foreign investors in the private sector are not going to buy your bonds, and you’ll have a spike in interest rates.”

Lawmakers took one step toward that scenario on Thursday.

The federal government officially

…
Read More

The Legislative Finance Committee releases a proposal for $9.4 billion budget

SANTA FE, NM (KRQE) — Raising for teachers and putting money in your pocket: Thursday, the Legislative Finance Committee (LFC) released its $9.4 billion budget recommendation.

They’re looking to spend a billion more than last year. At a meeting, the Legislative Finance Committee (LFC) detailed how they want to spend that money.

Lawmakers said, with a lot of extra cash this year, they’re focusing on funding programs that will pay off in the long run. However, they warned they have to save for the years until the money dries up.

…
Read More