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'This situation is unprecedented': 10 crazy things detailed in FTX's bankruptcy filing

‘This situation is unprecedented’: 10 crazy things detailed in FTX’s bankruptcy filing

Leave a Comment / Economy / By

On Thursday, John Ray, III, the new CEO of FTX, filed a long-awaited statement in US bankruptcy court, giving a sober assessment of the collapse of Sam Bankman-Fried’s crypto empire. The bankruptcy court filing followed a whirlwind of events, including the publication of explosive texts that Bankman-Fried sent to a Vox reporter earlier this week. …

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Lower-middle-market private equity firm Riverside Co. sees growth in smaller portfolio companies despite recession talk

Lower-middle-market private equity firm Riverside Co. sees growth in smaller portfolio companies despite recession talk

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The view from Main Street is not as bearish as the current outlook on Wall Street, private equity professionals at private equity firm Riverside Co said Thursday. The Cleveland and New York-based company, with about $13 billion in assets under management in companies with an enterprise value of $400 million or less, said its 101 …

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This State Has the "Best" Personal Finance Education in the U.S.

This state has the best personal finance education in the US – you can tell by its average credit score

Leave a Comment / Personal finance / By

Financial literacy is key to managing money, but how well are states preparing their students? Tennessee tops the list of US states that offer the best financial education to its residents, according to a new report from financial services firm OneMain Financial. More than 99% of public high school students in Tennessee have what is …

This state has the best personal finance education in the US – you can tell by its average credit score Read More »

This State Has the "Best" Personal Finance Education in the U.S.

This state has the best personal finance education in the US – you can tell by its average credit score

Leave a Comment / Personal finance / By

Financial literacy is key to managing money, but how well are states preparing their students? Tennessee tops the list of US states that offer the best financial education to its residents, according to a new report from financial services firm OneMain Financial. More than 99% of public high school students in Tennessee have what is …

This state has the best personal finance education in the US – you can tell by its average credit score Read More »

This State Has the "Best" Personal Finance Education in the U.S.

This State Has the “Best” Personal Finance Education in the U.S.

Leave a Comment / Personal finance / By

Financial literacy is key to managing money, but how well are states preparing their residents? Tennessee tops the list of US states that offer the best financial education to its residents, according to a new report from financial services firm OneMain Financial. More than 99% of Tennessee public high school students have a “gold-access” education, …

This State Has the “Best” Personal Finance Education in the U.S. Read More »

This record Nvidia revenue number is a chilling sight

This record Nvidia revenue number is a chilling sight

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The financial results of Nvidia Corp. surprised investors a little, and not on the good side – product inventories doubled to an all-time high as the chip company prepares for a dodgy holiday season. Nvidia on Wednesday reported fiscal third-quarter revenue slightly above analysts’ discounted expectations, but the numbers weren’t so great. Revenue fell 17% …

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The new bull market will be led by the stocks of these three industries. Tech and the FAANGs will fall by the wayside

The new bull market will be led by the stocks of these three industries. Tech and the FAANGs will fall by the wayside

Leave a Comment / Markets / By

We do not yet know if the recent rally triggers a new bull market in equities. But here’s a sure bet: once the new bull market is here, entirely different groups will lead. It will be with the old – think of the FAANGs – and with the new. To find out which new sectors …

The new bull market will be led by the stocks of these three industries. Tech and the FAANGs will fall by the wayside Read More »

Tesla investors were the biggest losers in Elon Musk's Twitter deal, and those losses continue

Elon Musk’s huge Tesla compensation package challenged in court

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WILMINGTON, Del. – Testimony began Monday in a Delaware courtroom where a Tesla shareholder is challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion. The lawsuit alleges that the performance-based stock option grant was negotiated by a compensation committee and approved in 2018 by Tesla TSLA, -2.56% board members who …

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The floodgates are open to grandparents to save on college for grandkids

The floodgates are open to grandparents to save on college for grandkids

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If you’re a grandparent looking to save the day by helping your grandkids pay for college, take a look at a tax-efficient 529 college savings plan before the end of the year. Rule changes to federal financial aid calculations in 2023 mean new investment opportunities are open for family members to help without hurting financial …

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