financial news Archives

Not too late to make good on tax and financial resolutions – Winnipeg Free Press

August 7, 2024 0 Comments

Yes, I realize that the third week of January is a little late for new year resolutions. But I think that’s good.

Research has shown that resolutions, made with good intentions in the spur of the moment and often helped by distilled spirits, tend to go off the rails pretty quickly. Evidence is the thousands of people who showed up at the health club in the first few weeks of January, and the empty exercise machines in February.

Those good intentions have to be followed up with an executable plan. That’s what we’ll talk about today.

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kirara

Finance

DeFi should complement TradFi, not attack it: Finance Redefined

July 22, 2024 0 Comments

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices.

SushiSwap’s roadmap for the coming year includes the development of a decentralized exchange (DEX) aggregator, a decentralized incubator and “several stealth projects.” All these projects combined can grow their market share 10x, said the CEO.

The co-founder and CEO of Ava Labs spoke with Cointelegraph at the World Economic Forum in Davos, Switzerland,

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kirara

Finance

Turkey Hikes Fuel Tax by 200% to Finance Earthquake Damages

July 18, 2023 0 Comments

(Bloomberg) — Turkey boosted its fuel taxes by almost 200% on Sunday, a move that will magnify inflationary pressures and further strain household budgets.

The new special consumption taxes on different types of fuel — including gasoline and diesel — were published in the Official Gazette.

The increase will help meet financing needs stemming from the deadly February earthquakes and allow the Treasury Ministry to maintain strong cash reserves, according to a ministry statement. The earthquakes caused more than $100 billion in damages, the government estimates.

But the decision’s also expected to put inflation, currently at an annual 38%, on

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Finance

Recipe: Peggy’s Indian Cabbage | Diabetic Mediterranean Diet

May 21, 2023 0 Comments

May 20, 2023 · 8:10 AM

From Peggy at Buttoni’s Low-Carb Recipes:

If you think you don’t like cabbage (like my husband) you have GOT to try this recipe! You’ll swear you don’t eat cabbage!! No cabbage odor or strong taste whatsoever to this dish! It is a delightfully crunchy side dish with grilled Tandoori Chicken or pork chops! I order my nigella seeds (black onion seeds or how about seed) on-line, but you may be lucky to have a spice supplier where you live. I would not recommend omitting them, as you will miss out on a flavor layer

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Finance

The 10 Most Interesting People in Finance Right This Second

May 20, 2023 0 Comments

here at Wealthsimple Magazine, we usually unpack big macroeconomic stories to help readers understand what the heck is going on in markets and in business. And, partly as a result, we tend not to discuss specific people very often. We’re changing that. Because the story of money is a character-driven narrative. And, if you want to understand money a lot better, you need to know the folks behind today’s biggest headlines. That’s why we compiled a list, arranged in no particular order, of the

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Finance

Exclusive: Zambia sent bondholders debt restructuring proposal, the finance ministry says

April 22, 2023 0 Comments

WASHINGTON, April 14 (Reuters) – Zambia last week gave its bondholders a “concrete proposal” for the restructuring of some $3 billion in eurobonds, the ministry of finance and national planning said on Friday.

“We continue to engage actively with our bondholders and proposals are being exchanged,” the ministry told Reuters in a statement.

The proposal “represents our commitment to finding a resolution that is acceptable to all parties and within the parameters set out by the IMF debt sustainability analysis.”

Details of the proposal were not shared.

The African nation’s external debt topped $17 billion at the end of 2021,

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Finance

Bloomberg unveils finance-focused AI model Bloomberg GPT

April 6, 2023 0 Comments

SlateStone Wealth chief market strategist Kenny Polcari discusses when the Fed could cut rates and if it’s too early to invest in AI on ‘Varney & Co.’

Bloomberg, a leading financial data services provider, this week unveiled a new artificial intelligence (AI) model that aims to revolutionize the finance industry in the same way programs like OpenAI’s ChatGPT are set to radically transform written communications.

A research paper released by the company Thursday details the development of BloombergGPT, a new large language model (LLM) that has been trained on a massive amount of financial data to assist with a variety

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Finance

Don’t be fooled by these 9 common money myths, the finance gurus say

April 4, 2023 0 Comments

Simpleimages | Moments | Getty Images

It can be hard to separate financial facts from fiction.

CNBC polled eight personal finance experts to help answer one question: What are the biggest money myths out there for consumers?

Here are 9 of the top fallacies the financial gurus debunked.

Myth #1: Giving up a daily coffee purchase is a financial game-changer

Oleg Breslavtsev | Moments | Getty Images

You’ve likely heard this refrain: Buying that daily cup of coffee is killing your chances at burgeoning retirement wealth.

But savers don’t need to be so extreme or austere with their money decisions

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