Japan Intervenes in Forex Market with Sizeable $62 Billion Move
Japan's Ministry of Finance released data on Friday that verified the nation's first currency intervention since 2022 following the yen fell in April to a 34-year low.
Jun 02, 2024 7:02 AM EDT
Expired Subsidy Leaves Millions Facing Internet Affordability Crisis
A lack of funds from Congress is causing the largest broadband affordability program in the country to come to an end.
Tesla Shareholder Sues Musk, Alleging $7.5 Billion Insider Trading Scheme
When Elon Musk, the CEO of Tesla, sold more than $7.5 billion worth of the company's stock in late 2022, a shareholder filed a lawsuit on Thursday accusing Musk of engaging in insider trading. T
Orange Juice Costs Surge, Threatening Breakfast Staple
Due to ongoing supply shortages, orange juice prices have reached new all-time highs, sending the sector into crisis mode and compelling some producers to look at using other fruits.
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Could Economic Uncertainty Push Up Gold Prices in June?
In 2024, gold has seen tremendous growth thus far. The price of the product increased by more than 18% this year alone, from $2,063.73 per ounce on January 1 to $2,439.98 per ounce on May 20. Even if it has somewhat decreased recently, if you own gold or are thinking about buying some, you might be wondering if the rising trend will last for the remainder of the year.
May 31, 2024 2:00 PM EDT
Salesforce Shares Plummet 20% After Disappointing Results
The stock had its worst day in over 20 years on Thursday, when Salesforce's shares finished 20% down. July 4, 2004, the day the stock plunged 27% only days after the business went public, is the worst trading day in company history.
May 31, 2024 12:10 PM EDT
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.
May 31, 2024 11:06 AM EDT
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.
May 31, 2024 11:01 AM 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
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
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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