Tag: financial
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SpaceX IPO earns millions for US Small Business Administration head Kelly Loeffler
WASHINGTON, July 17 : U.S. Small Business Administration head Kelly Loeffler multiplied the value of her investment in Elon Musk’s SpaceX after she was nominated for the job, earning millions of dollars from the company’s record initial public offering, a Reuters review of her financial disclosures showed.Loe
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42% of adults rely on their parents for financial support—there are no ‘bad guys’ here, says financial therapist
Parents can maximize the impact of their support by ensuring their gifts alleviate financial stress or help their kids move closer to their long-term goals.
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Perpetuals.com ends acquisition talks with Trump-linked crypto firm
BOSTON, July 14 : Perpetuals.com, a global fintech company, has discontinued discussions to potentially acquire part of a business closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, according to a press release issued by Perpetuals on Tuesday.“Perpetuals has deci
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Why someone else’s credit card debt can make you anxious, according to a financial therapist
If someone else’s credit card debt feels stressful to you, it may be worth questioning the source of that anxiety, experts say.
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Trump invested crypto gains in stocks and bonds, filings show
July 13 : President Donald Trump’s financial disclosures show that even as he and his two eldest sons were encouraging investors to plow their money into crypto projects — which resulted in steep losses for retail buyers — his money managers were investing a significant portion of the proceeds into safer h
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Bank of England sees growing risks to financial stability from AI
LONDON, July 7 : The Bank of England said on Tuesday that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove a success while the technology increases banks’ vulnerability to cyberattacks.In a half-yearly assessment of risks to Britain’s financial syst
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Financial services AI dangers highlighted by regulator’s review
LONDON, July 6 : Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions.In a review commissioned by the Financial Conduct Authority and published on Monday, the watchdo
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Britain should consider regulating AI models, FCA official says
LONDON, July 6 : Britain should review whether large language models such as ChatGPT, Claude and Gemini should be regulated as general-purpose AI tools as they increasingly influence consumer financial decisions, a senior official said on Monday. Financial Conduct Authority Executive Director Sheldon Mills
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Danantara Indonesia says financial report is still being processed
JAKARTA, July 2 : Sovereign wealth fund Danantara Indonesia said on Thursday that the companies under its control have all completed their financial statements for 2025, but the fund is still in the process of finishing its consolidated financial report for the year.Danantara executives previously said its fu
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Trump’s $2 billion income sits ‘unprecedented’ among US presidents
The White House has refuted claims that Trump is profiting off the presidency and said he doesn’t have any conflicts of interest.
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