Introduction The crypto market witnessed a surge in activity this week, driven by speculation regarding the potential approval of a Bitcoin (BTC -0.23%) ETF. While the Securities and Exchange Commission (SEC) has yet to provide the green light, investors are proactively responding to this possibility, resulting in a 14% increase in Bitcoin’s value over the … Read more
Summary: Oil prices surged by over $1 on the news of the U.S. military striking Iranian targets in Syria, which raised concerns about a potential expansion of the Israel-Hamas conflict. While the strikes didn’t directly impact supply, they heightened fears that the conflict in the Gaza Strip could disrupt oil supply from major producers like … Read more
Summary: Sam Bankman-Fried, the FTX founder, prepared to testify in his fraud trial, but a judge’s decision delayed his testimony. The trial centers on allegations of diverting billions of dollars from clients and investors for risky investments, lavish spending, and donations. Bankman-Fried’s defense sought acquittal, which the judge rejected. Witnesses have alleged his involvement in … Read more
Summary: Bank of Canada Governor Tiff Macklem acknowledges the financial hardship caused by aggressive rate hikes but cannot specify when rates will decrease. The key interest rate surged from 0.25% to 5% between March 2022 and July 2023 due to 10 consecutive rate hikes to combat inflation. While the Bank predicts a return to 2% … Read more
In today’s fast-paced world, insurance is an essential financial safety net. It safeguards your assets, health, and peace of mind, providing protection when life’s unexpected events occur. Choosing the best insurance in the US is a significant decision with a long-lasting impact. To help you make informed choices, we’ve compiled this comprehensive guide to the … Read more
Your credit score is like a financial report card that lenders use to gauge your creditworthiness. This three-digit number, often referred to as your FICO score, plays a crucial role in determining whether you’re eligible for a loan and the interest rate you’ll pay. In the world of personal finance, understanding the significance of your … Read more
Introduction: As you reach the age of 40, financial security becomes an increasingly important consideration. Life insurance plays a vital role in ensuring that your loved ones are protected in the event of your passing. At this stage of life, you might find yourself debating between two primary options: Whole Life Insurance and Term Life … Read more
Introduction: Car insurance is a necessary expense for every driver in the United States. While it’s essential for your financial protection, there’s no reason to pay more than you have to for coverage. With a little knowledge and effort, you can find ways to lower your car insurance premiums without sacrificing the quality of your … Read more
As a former banker, I’ve spent years assisting people in obtaining personal loans to address their financial needs. But today, I’m not going to speak as a banker. Instead, I want to share my own experience of applying for a personal loan in the USA. The process is not as straightforward as it may seem, … Read more