EU commissioner Ylva Johansson is pushing Silicon Valley tech firms to do more to combat child sexual abuse material. POOL/AFP via Getty Images A top European Union official has a message for Silicon Valley: we want you to do to more on the detection and removal of child sexual abuse material from the internet. EU… More
Peloton’s stock may have rebounded Friday, but it still has a long way to go to recover. Ezra Shaw/Getty Images Peloton shares are on a painful ride that keeps getting worse. The stock plunged 24% on Thursday—wiping out billions in market value—amid reports that the beleaguered at-home fitness equipment company would temporarily halt production of… More
NFT text, written on a notebook with calculator,pen on officebackground. getty The creative process of individuals, and the medium through which a Creator works, is constantly expanding, including digital assets such as Non-fungible Tokens. NFTs that are created, bought, sold or exchanged are considered property by the IRS, and so these are taxed like art buying,… More
Changpeng Zhao, CEO of Binance. Wei Leng Tay/Bloomberg Binance, the world’s largest cryptocurrency exchange, has teamed up with Sarath Ratanavadi’s Gulf Energy Development to look into setting up a digital asset trading platform in the Southeast Asian country. Gulf Energy said the agreement with Binance is a response to the “rapid growth” of Thailand’s digital… More
U.S. Department Of Poor Bond Returns (photo by Samuel Corum) © 2021 Bloomberg Finance LP “Last year I moved a small amount of my 401(k) into the Vanguard Inflation Protected Securities fund. Turned out to be a good move for the 5.7% I earned in 2021. Not such good news for the small amount I… More
Scammers convinced a North Carolinian to cash in his bank CDs and transfer the money into bitcoin held in a Coinbase account. The banks didn’t block the suspicious transactions, but the crypto exchange froze the funds. getty In late August, an elderly Asheville, North Carolina man received a terrifying call from someone claiming to be… More
Vingroup vice chair and VinFast CEO Le Thi Thu Thuy. COURTESY OF Vingroup On Thursday, VinFast, a rather obscure automaker from Vietnam, revealed three new electric vehicle models at this year’s CES in Las Vegas, the world’s largest tech trade show. The move comes less than two months after the company unveiled two electric SUVs… More
What the life of America’s Golden Girl, Betty White, might teach us about longevity, work, and … [+] retirement. (Photo by Vincent Sandoval/WireImage) WireImage Betty White died only a few weeks from her 100th birthday. Few people knew her, that is, really knew her as a person. Most of us knew her through her work.… More
Popular stock trading app Robinhood has banned transfers from dozens of smaller financial institutions, including many digital banks. Rafael Henrique/SOPA Images/LightRocket via Getty Images By: Jeff Kauflin and Eliza Haverstock Fraud is a growing issue for fintech companies, as bad actors are doing everything from stealing identities to exploiting the slow U.S. bank-to-bank transfer network… More
Forbes Artificial intelligence technology has become essential to nearly every industry, but it’s not easy to identify the companies that are using it in truly transformative ways from marketing hype. So Forbes compiles an annual list to spotlight the most promising startups that are emerging as leaders in this space. Is AI central to what… More
Getty getty Ah, December. It always feels like this month sneaks up on us. For many, it is the last chance to impact their tax planning. But in the year end rush, there is a lot to consider. The past 18 months have been a wild ride in the capital markets. From the lows of March 2020 to… More
Do you gravitate to sky-high payouts? If you must reach for yield, at least be reasonably intelligent about it. Result of reaching for the sky Forbes “Reaching for yield is really stupid,” opined Warren Buffett in a 2020 CNBC interview. “If you need to get 3% and you’re only getting 1%, the answer is to… More
President Joe Biden speaks in the South Court Auditorium on the White House campus Wednesday. ASSOCIATED PRESS The Pentagon’s Nuclear Posture Review, to be released early next year, has led to a pitched battle between arms controllers and deterrence strategists. The fight is over what President Joe Biden should say about when he would consider… More
Luxury apartment or essential housing? How America’s most notorious junk municipal bond peddlers are getting rich off California’s affordability crisis. by Matt Schifrin with Isabel Contreras and Rachel Sandler AMONG CALIFORNIA real estate developers, Jordan Moss has an exceptionally big heart. His Marin County firm, Catalyst, is dedicated to developing affordable housing—no small challenge in… More
Jihan Wu, chairman and founder of Bitdeer. Bloomberg Bitdeer Technologies, controlled by crypto pioneer Jihan Wu, is planning to go public in the U.S. by merging with a blank check company in a deal that will value the Singapore-based bitcoin mining firm at $4 billion. Bitdeer is a spinoff from Bitmain Technology, a Chinese bitcoin… More
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