OpenAI CEO Sam Altman With $2 Billion Net Worth Commits Half His Fortune to Philanthropy
Sam Altman, CEO of OpenAI, has announced his commitment to donate the majority of his wealth to philanthropic causes, aligning himself with other billionaires who have pledged significant contributions.
May 31, 2024 11:30 AM EDT
IRS Permanently Extends Free Filing Option, Encourages State Collaboration
The IRS said on Thursday that it will extend its trial of a free electronic tax return filing system to all 50 states as well as the District of Columbia, requesting that they assist taxpayers in completing their forms through the program by 2025.
Gemini Settles, Returns $2.2 Billion to Users Caught in Crypto Lending Freeze
Clients whose money was frozen in the now-defunct crypto loan scheme of cryptocurrency exchange Gemini will soon begin to receive their money back.
65% of Gen Z Prioritizes Travel Despite Financial Risks
According to a Bank of America survey published on May 20, Gen Z is more likely than previous generations to be planning travels abroad since they are no longer content with taking road trips to their parents' houses.
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Is Tap-to-Pay Making Consumers Spend More?
Apps that let us tap at stores to pay for products and services are increasingly prevalent on our phones and watches. Some customers rely only on these tap-to-pay networks, leaving their cash and credit cards at home.
May 30, 2024 12:49 PM EDT
Student Loan Debt Hinders Retirement for Around 2.2 Million Over 55
There's another group of debtors-Americans over 55 who are getting close to retirement-who are frequently disregarded and have their own unique set of difficulties.
May 30, 2024 12:22 PM EDT
Can a $10,000 Home Equity Loan Boost Your Finances? Here's How to Decide
Currently, the average homeowner has equity worth hundreds of thousands of dollars. And given that home equity loans sometimes offer more affordable interest rates than other choices, that's excellent news. In light of this, a home equity loan might be the best option for you if you need a loan and want an interest rate that is competitive.
May 29, 2024 7:27 PM EDT
Social Media Fuels Rise of "No-Buy Year" Challenge
What began as a weblog experiment in mindful spending and budgeting a few years ago has gained popularity on social media.
May 29, 2024 12:22 PM EDT
Tax Return Status: How to Get Information About Your Refund
About 48 hours after electronically completing your tax return, you may often check the status of your refund on the IRS "Where's My Refund?" website. You may also get information on refunds for the last two years and the current year by using the website.
May 29, 2024 12:14 PM EDT
IRS Data Breach: Files of At Least 50,000 Americans Stolen
A victim of the heist wrote a commentary for the Wall Street Journal today, claiming that the IRS hacker took the tax files of between 50,000 and 70,000 individuals, making it the greatest theft of private taxpayer information in American history.
May 29, 2024 12:13 PM EDT
Tesla Shareholders Consider Elon Musk’s $56 Billion Compensation After Judge Says He Improperly Rewarded
A two-month dispute between Elon Musk's allies and adversaries surrounds the reinstatement of the tech billionaire's record $56 billion compensation package.
May 29, 2024 11:31 AM EDT
California Drivers Feeling the Pinch, State Mulls Measures to Lower Gas Prices
Given the skyrocketing cost of petrol in California, legislative representatives have announced a detailed strategy to solve the problem.
May 28, 2024 9:48 PM EDT
Self-Made Millionaires Reveal 5 Overpriced Expenses
It's simple to picture the things you would purchase for yourself if you were a millionaire. However, you quickly learn from speaking with genuine billionaires that no one becomes a millionaire or maintains a million dollar portfolio by living carelessly.
May 28, 2024 6:03 PM EDT
Retailers Slash Prices to Woo Budget-Conscious Customers This Summer
There may be additional reasons for Americans to rejoice in the return of warmer weather if they spend Memorial Day shopping for deals both online and in physical locations.
May 28, 2024 5:49 PM EDT
Gold, Silver, Copper Cool Off After Record Climbs, Experts Predict More Gains
The price of gold has been rising to all-time highs; on Monday, spot gold reached a fresh peak of $2,449.89 per ounce. Prior to this past week, industrial metal copper and silver both reached multi-year highs.
May 28, 2024 5:29 PM EDT
Florida Communities Build Permanent Disaster Funds
Last year, the United States set a new record for the highest number of disasters causing over $1 billion in damages. The National Oceanic and Atmospheric Administration's forecast for the 2024 Atlantic hurricane season, starting June 1, predicts at least 17 named storms and four to seven major hurricanes.
May 28, 2024 3:56 PM EDT
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