Tag: introduction to finance

Finance

Stock Market’s 2023 Surge Faces Fed Test Even as Profits Improve

(Bloomberg) — US stocks are approaching a record high and the outlook for Corporate America is only expected to brighten. Now investors are waiting to see if the Federal Reserve derails the market’s bull run.

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Amid signs that inflation pressures are finally ebbing, setting up what has historically been a bullish stretch, the S&P 500 Index is a mere 5.4% below its all-time peak. It’s a backdrop that raises the stakes for this week’s pivotal central bank meeting, with economists still debating whether a recession is ahead this year.

The danger, of course, is that a

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Finance

We’re Entering a New Era of Shady Campaign Finance

You don’t become a billionaire without being clever with money, but Doug Burgum’s latest scheme is a head-scratcher: The North Dakota governor is offering $20 gift cards to people who donate one greenback dollar to his presidential campaign. His fellow candidate Vivek Ramaswamy is offering a 10 percent commission to anyone who brings in donations. A super PAC supporting Miami Mayor Francis Suarez is offering one donor a year of free college tuition.

Critics have long pointed out how big money distorts politics, but these fundraising stunts demonstrate how now even small money has come to warp campaigns. These GOP

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Finance

Layer-2 DeFi Project Rodeo Finance Hacked for 472 Ethereum

Arbitrum-based Rodeo Finance has lost $888,000 in a recent attack.

A “Force Investment” hack was deployed, allowing the attacker to steal 472 Ethereum ($888,000). The wallet later sent 150 ETH into the Tornado Cash mixer, leaving 371 ETH remaining in the wallet.

The exploiter originally funded 50 ETH from Tornado Cash to execute the hack.

Arbitrum is a popular layer-2 scaling solution for the Ethereum network that uses optimistic roll-up technology.

Blockchain security firm PeckShield first highlighted the attack on Twitter with a link to the attack transaction commenting, “Hi, @Rodeo_Finance you may want to take a look.”

The attacker

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Finance

How to solve Canada’s slow-moving retirement crisis

Fraser Stark: Every Canadian who can comfortably navigate their own retirement finances is one less person requiring expensive subsidized care from the public purse

Published June 24, 2023 • Last updated 6 days ago • 5 minute read

An elderly man sitting on a park bench in Toronto.
Retirees face uncertainty on multiple fronts: market returns, cost inflation and their own physical health. Plus, the unknown length of an individual’s ultimate lifespan creates a labyrinthine financial planning challenge. Photo by Peter J. Thompson/Financial Post
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Finance

Have your say: How concerned are you about your mortgage renewal

1 min read

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Read the full story here: My mortgage lender says I’ve hit my ‘trigger rate.’ What does that mean, and what are my options?

For more Star surveys, click here.

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Finance

Young Americans twice as likely to use AI for financial advice

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, compared to 9% of Baby Boomers and those older. Some 18% of millennial investors and 17% of Gen X investors said they’d be likely to use an AI financial advisor.

The results suggest that younger adults, while still in small numbers, are gradually embracing AI

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Finance

How to Choose a Financial Advisor in Canada: Questions to Ask

Published on June 6th, 2023 at 01:55pm EDT
Updated on June 12th, 2023 at 06:21am EDT


Selecting a financial advisor to help you manage your money in Canada is an important decision.

As a newcomer to Canada, it’s not always easy to navigate the world of personal finance.

Selecting a financial advisor to help you manage your money is an important decision. With so many options available, it’s essential to take the time to ask the right questions and ensure you’re making the best decision for your financial future. In this article, we’ll explore seven essential questions you

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Finance

BLM finances under fire: Only 33% of donations given to charities as execs paid millions

WASHINGTON (TND) — Black Lives Matter’s finances are under scrutiny once again, as tax documents show the nonprofit is on the brink of bankruptcy. The organization ended last year in the red, while doling out millions to those close to BLM’s founders.

Following the murder of George Floyd in 2020, supporters donated a staggering $90 million dollars to Black Lives Matter. The nonprofit ended the last fiscal year with a $9 million deficit.

The federal filings from 2020 to 2022 show just a third — $30 million of the $90 million — went to other charitable organizations, with $22 million

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