Social Security has just turned 89 years old, but there are questions about its solvency headed into the November presidential election. The Social Security Act was signed into law by President Franklin D. Roosevelt on Aug. 14, 1935, as a way of establishing a federal benefits system for older Americans. Today, Social Security’s trust fund for
SpaceX’s Crew Dragon capsule “Endurance” is seen during the Crew-3 mission for NASA on May 5, 2022. NASA Private polar expeditions are reaching a new level: Space. Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company announced on Monday, with plans to lead the first crewed space mission in
8:05 AM on Aug 13, 2024 CDT Starbucks Corp. has named Chipotle Mexican Grill Inc. Chief Executive Officer Brian Niccol as the coffee chain’s new CEO and chairman, replacing Laxman Narasimhan after just over a year in the role. Chief Financial Officer Rachel Ruggeri will serve as interim CEO until Niccol starts his new role
The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed
A pair of dueling lawsuits between the City of Sanford and a developer were recently settled with the city agreeing to pay Nick Jordan $60,000 over the nearly 5-acre Singer property at 171 N. First St. According to a press release from Friday, Aug. 9, the city came to an agreement with Jordan’s Durham-based Smashing
Foreign investors have pulled a record £12bn out of China in an economic blow for President Xi Jinping. Fears over the future of the world’s second largest economy meant foreign investors withdrew $14.8bn (£11.6bn) between April and June, data from the State Administration of Foreign Exchange shows. It was only the second time more foreign money
Arizona is launching its new microbusiness loan program through community lenders statewide, including the Tucson-based Community Investment Corp. and Groundswell Capital for Southern Arizona. The program was established by the Legislature last year to provide $5 million statewide for loans of up to $50,000 through community lending agencies to independently owned Arizona businesses with five
U.S. 30-year mortgage rates plunged last week by the most in two years, reaching their lowest level since May 2023 and sparking a surge in refinancing applications. The contract rate on a 30-year fixed mortgage declined 27 basis points to 6.55% in the week ended Aug. 2, according to Mortgage Bankers Association data released Wednesday.
WATERTOWN — Apparently, developer Michael E. Lundy has finished tidying up his Clinton Street property that city officials have called an eyesore. This past week, an excavator removed overgrown vegetation from two large piles of dirt, and construction debris was removed from the site. City officials were under the impression that Lundy planned to leave
Reading time: 2 minutes Attendees of the inaugural Innovations in Financial Intermediation Symposium The Shidler College of Business at the University of Hawaiʻi at Mānoa hosted its inaugural Innovations in Financial Intermediation Symposium (IFIS), marking a significant milestone for the college. The conference in June 2024 focused on financial intermediation, particularly the growing field of