Tech giant Google (NASDAQ: GOOGL) has partnered with Coinbase (NASDAQ: COIN) to allow users to pay for cloud services using crypto. A select group of customers will now be able to make payments with Bitcoin, Ether, and Dogecoin. In response to the news, Coinbase’s stock rose over 7%. Key Takeaways Google has partnered with cryptocurrency
Investing News
Rates on conventional 30-year mortgages saw a pause Monday in their boldly swinging pattern of the last two weeks, essentially holding flat after bolting back into the 7% range to end last week. Averages on every major Jumbo product, on the other hand, soared higher Monday. National averages of the lowest rates offered by more
The European Union (EU) lawmakers have passed the Markets in Crypto Assets Regulation (MiCA) bill, a landmark piece of legislation aimed at regulating the digital asset market. The members voted 28 to 1 in favor of the landmark new crypto laws. The bill will pass onto the European Parliament for a final vote in the next
An index of small business optimism edged up slightly by 0.3 points in September to a reading of 92.1 as sales expectations rose, according to the National Federation of Independent Business (NFIB). However, the index still remained below its 48-year average of 98, as rising costs weigh on businesses, with close to a third of owners saying
The CFA Level III exam is the last in the series of three exams conducted by the CFA Institute. Coupled with at least 48 months of relevant work experience, successful completion of the final level yields a charter membership. While the first two levels revolved around basic financial knowledge, investment valuation comprehension, and the application
Mortgage rates have yo-yoed dramatically the past two weeks, with the latest movement being a big push higher again. The 30-year average is now back to the 7% range and less than a tenth of a point under the 20-year high it hit in late September. National averages of the lowest rates offered by more
You can place bets on the world’s currencies through forex (foreign exchange) brokerage accounts, buying or selling currency pairs that react to economic developments all over the globe. The forex market operates 24/6, opening on Sunday afternoon in the U.S. and closing after stock traders complete their business on Friday afternoon. The volume of currency
The Consolidated Appropriations Act (CAA), 2021, signed into law on Dec. 27, 2020, provided money for a new type of Economic Injury Disaster Loan (EIDL) advance and funding for a new grant that targets shuttered venues. Guidance from the Small Business Administration (SBA) describes how to get part or all of your PPP loan forgiven
Some 65 million Americans receive Social Security retirement benefits each month, according to the Social Security Administration (SSA). The average monthly benefit for all retired workers in 2022 is estimated to be $1,657—a sum that represents the primary source of income for some of them. Even if you’ve saved funds in a 401(k), an individual
Former Federal Reserve Chair Ben Bernanke and two other U.S economists, Douglas Diamond and Philip Dybvig, won the Nobel Memorial Prize in Economic Sciences for work over the course of four decades on the role that bank bailouts play in financial crises. Key Takeaways Three U.S. economists won the 2022 Nobel Economics Prize for work
Rivian Automotive (RIVN) is recalling almost all of its 2022 vehicles because of a problem with a wheel fastener. Rivan said in a filing with the National Highway Traffic Safety Administration (NHTSA) it was recalling 12,212 RT1 trucks, RS1 SUVs and EDV commercial vans after discovering that the front upper control arm and the steering
A single stock future (SSF) is a futures contract between two parties. The buyer of the SSF, or the “long” side of the contract, promises to pay a specified price for 100 shares of a single stock at a predetermined future date (the delivery date). The seller, who is on the “short” side of the
Ethereum is a name that comes up often in discussions about digital currency. Ether is also a name you’ll hear often, but many people are confused between the two because both names are sometimes used to refer to the cryptocurrency. There are key differences between Ethereum and its cryptocurrency, ether (ETH). Ethereum is a blockchain
Rates on certificates of deposit (CDs) are notably up to start October, which is no surprise following the Fed’s September 21 announcement of another massive rate hike. In six of the eight major CD terms, the top nationally available rate climbed at least 20 basis points, and as much as two-thirds of a percentage point
Keep An Eye On These Coins The last week in the crypto market continued the theme of the past quarter, namely of most assets holding just above their support levels. The asset class is hoping that there will be a reason for it to break out of its slump, and some coins are at least
Interest is defined as the cost of borrowing money, as in the case of interest charged on a loan balance. Conversely, interest can also be the rate paid for money on deposit, as in the case of a certificate of deposit. Interest can be calculated in two ways: simple interest or compound interest. Simple interest is calculated on the
Carbon dioxide (CO2) is an odorless gas that is highly important to life on Earth. CO2 is also known as a greenhouse gas; an excessive concentration can disrupt the natural regulation of temperature in the atmosphere and lead to global warming. The concentration of CO2 has especially increased as a result of the Industrial Revolution
The staggering cost of higher education in the United States has many prospective college students wondering about countries with free college and pursuing a degree abroad. While conventional wisdom still points to the benefits of having a college degree, more students and their families are seeking alternatives to lower their college tuition bills. More Americans
One of the rules governing 529 savings plans, which parents often set up to fund a child’s college education, is that the money must go toward covering qualified education expenses. Otherwise, the earnings portion of any withdrawals will be subject to taxes and a 10% penalty. Happily, there are a number of ways to avoid
The national debt level has been a significant subject of controversy for U.S. domestic policy. Given the amount of fiscal stimulus pumped into the U.S. economy over the past couple of years, it is easy to understand why many people are starting to pay close attention to this issue. Unfortunately, the manner in which the
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