Finance

Energy efficiency is becoming an increasingly important topic across the United States, with new rebate programs being introduced to incentivize homeowners to make upgrades to their properties. The federal Inflation Reduction Act, signed into law by President Joe Biden in 2022, allocated $8.8 billion for consumers through two Home Energy Rebates programs. These financial incentives
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Ratings agency Fitch has adjusted its expectations regarding China’s policy rate for the upcoming years. Initially, Fitch predicted a rate cut for this year, but due to the current high-interest rates maintained by the U.S. Federal Reserve, they have shifted the forecast to next year. This change in prediction reflects the impact of external factors
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In a significant move for the British fintech firm Zilch, the company announced on Wednesday that it has successfully raised $125 million in debt financing from German banking giant Deutsche Bank. This deal marks a turning point for Zilch as it positions itself to triple its sales in the upcoming years and advance towards an
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The U.S. Bureau of Labor Statistics recently reported that the average worker in the private sector saw their real hourly earnings increase by 0.8% from May 2023 to May 2024. This growth in “real” earnings takes into account the impact of inflation on workers’ wages, meaning that Americans are able to purchase more with their
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The intersection of technology and entertainment has reached new heights with the introduction of augmented reality (AR) glasses. Xreal, an Alibaba-backed startup, has recently unveiled the Beam Pro, a revolutionary smartphone-like device that enhances the viewing experience of games and movies on Google Play Store apps in three dimensions. This groundbreaking innovation opens up a
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Starboard Value, an activist fund managed by Jeff Smith, has recently acquired a significant stake in Autodesk, a graphics-design firm. This investment is estimated to be worth around $500 million. The fund has engaged in discussions with Autodesk’s board members regarding serious concerns related to the company’s disclosures concerning an internal investigation that led to
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For investors concerned about concentration risk in the market, value-oriented investments may offer a viable solution. According to Avantis Investors chief investment strategist Phil McInnis, opting for a more diversified approach beyond traditional index funds like the S&P 500 could be advantageous in the long run. By focusing on companies with low valuations and strong
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The financial technology industry has seen a significant downturn in investment recently, but CleverCards, a Dublin-based startup, has managed to defy the odds by securing 8 million euros ($8.6 million) in funding. This innovative company utilizes technology to address the issue of employees abusing corporate expenses. According to a global survey of CFOs conducted by
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