Earl LeRoy “Buddy” Carter, the US representative for Georgia’s 1st Congressional district, announced the introduction of H.R. 25, the Fair Tax Act, via a 9th January press release to replace the current US tax code. The Republican Congressman proposed abolishing income, death, gift, and payroll taxes and replacing them with a single national consumption tax. … Read more
For years, insurers have been pulling out of California due to deteriorating wildfires and growing risks of climate disasters, which have led to increased payouts and associated costs for these companies. Many insurers revoked fire coverage for thousands of homes and have been refusing to underwrite new policies in the Golden State. As a result, … Read more
In a recent interview with Wired, billionaire entrepreneur Mark Cuban highlighted that investors are beginning to view Bitcoin the same way as gold in terms of “store of value.” Gold is a time-tested tangible asset that has surged in value during the major recessions of the past half-century. Its universal demand, global acceptance, high exchangeability, … Read more
In a recent episode of Caleb Hammer’s Financial Audit YouTube podcast, 62-year-old Ted said his financial situation around credit card debt makes him feel like he just started his career with no retirement life in sight. Ted has a master’s degree and works as a retail manager, earning £17 ($21) per hour. When Caleb highlighted … Read more
Bitcoin prices fell sharply by over 6.2% to £76,529 ($95,405) from over £80,215 ($100,000) in the past day, joining the US stock market slump as resilient economic indicators drove Treasury yields high and fueled speculation that the US Federal Reserve could delay interest rate cuts. Other major tokens, such as Ether, Solana, and XRP, were … Read more
US Vice President Kamala Harris announced a final ruling by the Consumer Financial Protection Bureau (CFPB) that the records of £39.08 billion ($49 billion) in unpaid medical bills will be removed from the credit reports of 15 million Americans. The move will ensure that Americans are no longer penalised for medical debt records on credit … Read more
The Nancy Pelosi Stock Tracker account on X.com, formerly Twitter, recently posted that the California Representative’s investment portfolio returned 54% in 2024, beating the popular Inverse Cramer account’s 43% gains to become the top portfolio on the Autopilot investment app. The team behind the Pelosi tracker account created Autopilot. It helps investors mimic the trades … Read more
Many US retirees above 65 are on a fixed income and are dealing with stress, figuring out how to stretch their retirement savings for the remainder of their lives. Some retirees claim Social Security too early and get locked into reduced monthly checks. The top reasons for early claims are financial and health-related concerns. At … Read more
Artificial Intelligence (AI) integration across diverse industries is already paying off for businesses worldwide. Last year’s bullish US stock market rally led by the “magnificent seven” stocks was rewarding for investors who bet heavily on the AI hype. As investments in AI continue to grow, Wall Street is analysing its impact on economies, labour, and … Read more
Tesla (NASDAQ: TSLA) stock price fell by over 6% on 2nd January to close at £305.67 ($379.28) as the Elon Musk-owned EV company’s 2024 deliveries declined to 1.78 million units from 1.8 million in the year prior. Yesterday, Tesla disclosed that it delivered 495,570 EVs in Q4, a quarterly record for the company, but it … Read more
