The recent introduction of a program in New York offering homeowners up to $14,000 in rebates for energy-efficiency upgrades signals a positive step towards promoting greener living. This initiative, under the federal Inflation Reduction Act, is a major push towards achieving climate goals and reducing carbon emissions. By encouraging consumers to make their homes more
Finance
Ratings agency Fitch has adjusted its forecast for China’s policy rate, no longer anticipating a cut this year. Instead, they have postponed their expectations for a reduction to the following year, attributing this change to the U.S. Federal Reserve’s decision to maintain high interest rates. Fitch now predicts that China will maintain its one-year medium-term
Zilch, a British fintech firm, recently announced a $125 million debt financing deal with Deutsche Bank, aimed at accelerating the company’s growth and potential IPO. This move signifies a strategic shift in Zilch’s approach to funding its operations and expanding its market presence. The debt financing from Deutsche Bank is structured as a securitization, allowing
Xreal, an Alibaba-backed startup, has recently launched its latest product called the Beam Pro. This innovative device allows users to view games and movies on Google Play Store apps in three dimensions using augmented reality glasses. The Beam Pro, which resembles a smartphone, serves as a virtual mouse and connects the AR glasses to various
For the past year, American workers have experienced a boost in their purchasing power, thanks to a combination of falling inflation and a strong job market. This positive trend in real hourly earnings has provided a welcome relief for households facing challenges in affording everyday expenses. According to the U.S. Bureau of Labor Statistics, the
Berkshire Hathaway’s decision to further reduce its stake in BYD, China’s largest electric vehicle maker, is a significant development in the financial world. This move comes after the conglomerate’s initial investment in BYD, thanks to the late Charlie Munger, which proved to be extremely profitable over the years. The recent sell-off involved Berkshire Hathaway selling
Starboard Value, an activist fund managed by Jeff Smith, has recently acquired a substantial stake in the graphics-design company, Autodesk. The stake is estimated to be around $500 million and Starboard has engaged in discussions with Autodesk’s board regarding several serious concerns related to the disclosure of an internal investigation that resulted in the removal
In a market where concentration risk is a growing concern for investors, the traditional approach of solely relying on index funds like the S&P 500 may not be the best strategy. Phil McInnis, the chief investment strategist at Avantis Investors, advocates for a more diversified approach that focuses on value-oriented investments. By shifting the focus
In a world where corporate expenses can spiral out of control, CleverCards, a Dublin-based startup, is leading the charge in revolutionizing how companies manage their employee expenses. With the rise of technology, CleverCards has developed a digital platform linked to configurable expense cards that gives companies the power to control and monitor how their employees
The financial technology industry is undergoing a significant shift, with industry insiders suggesting that the sector has hit a “bottom” in terms of valuations. During the Money20/20 event in Amsterdam, executives and investors expressed their belief that the market has corrected itself from the unsustainable highs seen in 2020 and 2021. This recalibration signifies a