March 28, 2024
Finance

Gen Z finance terms such as ‘doom spending’ and ‘loud budgeting’ is a rebranding of old concepts. Is there a downside?

Millennials first entered the personal finance scene “walking around like they rent the place.” They rebranded having roommates as “co-living.” Now, we have Gen Z and frankly, anyone on social media, rushing to develop new financial vernacular that generally just reinvents well-worn concepts. Doom spending, a much more financial existentialist-rooted version of retail therapy, quiet

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Funds

China stocks rally after government fund says it will increase stock buys

NEW YORK (AP) — Shares are mixed in Asia, where Chinese markets advanced after a government investment fund said it would step up stock purchases. But the gains in Shanghai, Shenzhen and Hong Kong were much smaller than recent losses. Oil prices rose and U.S. futures were mixed. China’s Central Huijin Investment, a sovereign fund

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Crypto

Santa Monica Man in Cryptocurrency Case Sentenced to Four Months in Prison

LOS ANGELES (CNS) – A Santa Monica man who used his cryptocurrency cash exchange business to launder millions of dollars in criminal proceeds was sentenced Wednesday to four months behind bars. Charles Randol, 33, was also ordered to serve two years of supervised release after he is released from federal prison, according to the U.S.

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Investors

Disney board nominates slate of dozen directors that excludes activist investors

Published: Jan. 16, 2024 at 6:22 p.m. ET Walt Disney Co.’s board on Tuesday nominated a slate of 12 directors that notably left out activist investors from Trian Fund Management (Nelson Peltz, James Rasulo) and Blackwells Group (Craig Hatkoff, Jessica Schell, Leah Solivan), both of which have been highly critical of Disney Chief Executive Robert

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Crypto

Bitcoin Price Whipsaws as ETF Excitement Builds After SEC Hack

Cryptocurrencies saw volatile trading Wednesday as traders awaited a decision from the Securities and Exchange Commission on whether to approve spot Bitcoin exchange-traded funds. Digital assets have been buoyed for months by ETF approval hopes, with anticipation reaching fever pitch after the agency’s social media account was breached on Tuesday and falsely posted that the

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