President Joe Biden signed the climate-and-energy-focused Inflation Reduction Act into law today, a turn of events that just a few months ago seemed impossible. The move will undoubtedly bolster the United States’ stance in the next round of climate negotiations. And by the end of the decade, it’s expected that the law will reduce the…
Monthly Archives: August 2022
Eric Velasquez Frenkiel had a seemingly simple thought when visiting his family in the Philippines, impressed by the cashless economy that had formed. Instead of sending money to his family once a year – a costly, fee-heavy affair – why can’t he just leave his credit card there? As with many things in fintech, it…
Microsoft is preparing to release a new cloud-based workstation service for developers, dubbed Microsoft Dev Box. The new managed service will allow developers to create a pre-configured machine in the cloud, without the need to set up a physical workstation. The new service has been in private preview since May 24, but is now widely…
Larry Ellison’s Palm Beach estate features over 520 feet of ocean frontage. Daniel Petroni/Douglas Elliman Realty Oracle billionaire Larry Ellison is trying to sell one of his Palm Beach estates for $145 million. He bought the property for $80 million in 2021 and originally planned to tear it down. The listing comes two months after…
Two F-35As en route to their new home with the 354th Fighter Wing at Eielson Air Force Base in Alaska, April 21, 2020. US Air National Guard/Tech. Sgt. Adam Keele The last of Eielson Air Force Base’s 54 F-35s arrived in April, ending a two-year buildup. The F-35s and F-22s in Alaska give the state…
Rep. Bennie Thompson, the Mississippi Democrat is the chairman of House Select Committee investigating the January 6 capitol attack. Tasos Katopodis/Getty Images) Jan. 6 committee members criticized the DHS inspector general’s handling of the missing Secret Service texts. The inspector general also blocked DHS employees from testifying before Congress. Cuffari told Congress last month that…
Getty Images The Education Department asked for feedback on its list of proposals to reform the student-loan industry. After a 30-day public comment period, over 4,000 people responded. Republicans criticized the short time-frame for commenting and said the proposals should be withdrawn. President Joe Biden’s Education Department asked for feedback on its proposals to reform…
If your money isn’t earning a return, inflation will eventually erode its buying power. PeopleImages/Getty Images Inflation (rising prices) lowers the value of cash savings and fixed-income investments.Investing for inflation involves picking assets that appreciate, are tangible, or pay variable interest.Good inflation-hedging investments include stocks, TIPS, and tangibles like gold or real estate. If your…
Bank of the West has over 500 branches in 19 states. Bank of the West; Shayanne Gal/Insider Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to…
CDOs played a large role in the global financial crisis. Jose Luis Pelaez Inc/Getty A collateralized debt obligation (CDO) is a structured credit product that pools assets and packages them for sale to institutional investors.The assets that back these securities serve as collateral that give CDOs their value.Research found that CDOs were at the heart…