The news: Global fintech funding dropped by one-third in Q2 to continue a trend of declining investing this year, according to CB Insights data. Insider Intelligence Data dash: CB Insights research found that for fintechs in Q2: Funding dropped 33% quarter-over-quarter (QoQ) to $20.4 billion, falling for the second consecutive month after shrinking 21% in Q1.Fintech funding dropped…
David Nabarro at launch EAT-Lancet Commission Report on Food, Planet, Health at United Nations Headquarters on February 5, 2019. Photo by Lev Radin/Pacific Press/LightRocket via Getty Images A WHO official said COVID-19 has become “too clever for us” and can evade protection. David Nabarro told Sky News that people should still take precautions against the…
A kilogram of jasmine oil can cost $5,000. It’s an integral ingredient in luxury perfumes, like Dior’s J’Adore and Guerlain’s Mon Guerlain. Harvesters in India need to handpick over 5,000 buds to make just a kilogram of oil. A kilogram of jasmine oil can cost $5,000. But to get that small amount of oil, harvesters…
Bank of America Justin Sullivan/ Getty Images Bank of America has been fined $225 million for “botching” payments of unemployment benefits. It froze some accounts after incorrectly flagging them as fraudulent, two federal agencies said. BoA also made it difficult for people to unfreeze their cards, CFPB said. Bank of America has been fined $225…
Eli Thomas plays dead in the woods. Alan Chin for Insider At the battle of Gettysburg, Larry Geib was portraying a trooper of the dismounted 2nd Colored Cavalry, a segregated unit of the Union Army that is today played by war reenactors of all races. “People give you all kinds of excuses of why they…
In addition to regular income tax, your ordinary dividend payments may be subject to the Net Investment Income Tax. MoMo Productions/Getty Ordinary dividends are payments made to shareholders that are taxed at the same rate as their regular income. Qualified dividends are taxed at a lower capital gains rate of no more than 20%. Most…
You’re likely to see nominal interest rates quoted when shopping for credit or a savings account. Ariel Skelley/Getty The nominal interest rate is the rate of interest before adjusting for inflation. As a consumer, you’re most likely to see nominal interest rates quoted when shopping for credit or a savings account. The nominal interest rate…
Warren Buffett (left) and Charlie Munger. JOHANNES EISELE/Getty Images Costco isn’t raising the price of its hot dog and soda combo despite painful inflation. The big-box retailer has charged $1.50 for the meal since its debut in 1985. Costco’s commitment to customer value is a big reason why Charlie Munger loves the company. Inflation has…
Shelly Castle Shelly Castle is a Houston-based rideshare driver who has driven for Uber and Lyft. During the past five years, Castle has given over 10,000 rides in her party-themed car. This is her story, as told to writer Jenny Powers. This as-told-to essay is based on a transcribed conversation with Shelly Castle, a Houston-based rideshare…
Former President Donald Trump speaks at the Road to Majority conference June 17, 2022, in Nashville, Tenn AP Photo/Mark Humphrey, File Trump should “come on in” and “jump in the pool” of the 2024 race, a top Biden pollster said. Trump is considering launching his 2024 campaign before the midterms election. Some Democrats are eager…