OBSERVATIONS FROM THE FINTECH SNARK TANK On the heels of the success (i.e., growing adoption) of digital wallets from Apple, Google, and PayPal, some large banks—including Wells Fargo, JPMorgan Chase, and Bank of America—have launched their own digital wallet, Paze, through Early Warning Services, which provides the Zelle person-to-person (P2P)…

There is a lot going on with regards to digital assets this week. The future of digital assets seems uncertain to some commentators due to legal actions taken by the Securities and Exchange Commission (“SEC”) against two leading crypto exchanges: Binance and Coinbase COIN . So, let’s try to put…

Summary GMO was buying Sunrun and Alphabet in the first quarter of 2023. Meanwhile, it was selling U.S. Bancorp and American Express. Jeremy Grantham (Trades, Portfolio)’s GMO LLC recently disclosed its 13F portfolio updates for the first quarter of 2023, which ended on March 31. Grantham is a co-founder and…

Topline Tesla CEO Elon Musk reclaimed his throne as the richest man on earth Thursday, wrestling the title away from LVMH chairman Bernard Arnault as shares of Musk’s electric vehicle giant surged to their highest level this year. Key Facts Tesla stock rallied 4.6% to $235 in Thursday trading, notching…

Buy Now, Pay Later Is Boosting Sales. But Signs of Users’ Stress Are Emerging Buy now, pay later options have boosted sales for some companies in recent quarters, but growing signs that consumers who tap the no- or low-fee loans are struggling suggest businesses could soon feel a squeeze. Shoppers,…

Imagine having multiple sclerosis and being in a wheelchair for 25 years. That was Eleanor, in Tennessee, feeling trapped. When her neurologist told her she would never improve, she refused to accept this pronouncement. She had a quality of defiance. Her thought: “Don’t tell me I can’t do something. I’m…

Representatives Nicole Malliotakis (R-NY) and Michelle Steel (R-CA) have introduced the Working Families Tax Cut Act to increase the standard deduction – which would increase the fixed amount of income exempt from taxes. This might not seem like something that would pass as standalone legislation, but it could be attached…

No matter how out of shape you feel financially, there are steps you can take to bring yourself back to financial health. 1. 30 reps of cash Every morning, wake up and immediately log in to your checking/savings accounts. This is a great healthy habit that accomplishes a handful of…

A stylishly renovated three-bedroom penthouse in Manhattan’s Chelsea neighborhood takes in two iconic views of the city from a pair of terraces. The more than 2,200-square-foot unit has two outdoor spaces, one that has a view of the Empire State Building, and another catty-corner space that takes in lower Manhattan…

Home value appreciation over the past decade has resulted in American homeowners across income levels gaining wealth by at least tens of thousands of dollars, according to a recent study by the National Association of Realtors (NAR). Middle-income homeowners amassed more than $122,100 in wealth as their homes appreciated by…