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South Korean Court Grants Arrest Warrant for Kakao Founder

A South Korean court approved early on Tuesday a prosecution request for a warrant to arrest Brian Kim, the billionaire founder of tech giant Kakao Corp, on accusations of stock manipulation during a 2023 acquisition. This development marks the latest legal twist for Kakao after the company and an executive went on trial last year for alleged wrongdoing during the same acquisition.
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Most Pledged Democratic Delegates Back Harris Following Record-Breaking Fundraising Day

Democrats united behind Vice President Kamala Harris as the party’s front-runner for the presidential nomination Monday, and their excitement translated into a juggernaut day of fundraising for the party and for Harris’ campaign. Harris has emerged as the clear choice for the Democratic nomination, with a surge in support that is reflected in both endorsements and financial contributions.
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Volvo Cars Soars 11% Following Record-Breaking Core Operating Profit Report

Volvo Cars experienced a significant rise in its share prices, closing 11% higher on Thursday. This surge followed the announcement of a remarkable increase in the company's core operating profit for the second quarter.
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Joe Biden Withdraws from 2024 Presidential Race, Endorses Kamala Harris as Democratic Candidate

President Joe Biden has announced his decision to drop out of the 2024 presidential race against former President Donald Trump. In a surprising move, Biden has endorsed Vice President Kamala Harris as the Democratic Party nominee.
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After-Hours Stock Movers: Intuitive Surgical, Netflix, and Other Major Players

Netflix saw its stock dip less than 1% after surpassing analyst expectations on both revenue and earnings for the second quarter. The streaming giant reported earnings of $4.88 per share on $9.56 billion in revenue. Analysts surveyed by LSEG had anticipated $4.74 per share on $9.53 billion in revenue.
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Expert Warns: The End of This Tax Break Could Severely Disrupt Business Owners – Essential Information Inside

Tax breaks amounting to trillions of dollars are set to expire after 2025 unless Congress acts to extend them. Among these is a significant deduction for millions of self-employed individuals and business owners.
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Wall Street CEOs, including Dimon, react to Trump assassination attempt: ‘Deeply saddened’ by the violence

The leaders of Wall Street’s most powerful firms are speaking out to condemn the attempted assassination of former President Donald Trump at a Pennsylvania rally over the weekend. The attack, which resulted in the death of one bystander and injuries to two others, has prompted strong reactions from prominent CEOs, who emphasize the need for unity and constructive dialogue in the face of political violence.
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Many Americans believe they are protected from climate change, but their financial data suggests otherwise

Just 55% of Americans believe global warming will “hurt them a moderate amount,” according to a new study by Stanford University and Resources for the Future. This suggests a significant portion of the population underestimates the potential financial impacts of climate change.
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Report Finds Nearly Half of Gen Zers Rely on Financial Support from Parents

Today, 46% of Gen Zers rely on financial assistance from their family, according to a new report from Bank of America. Inflation’s recent surge, combined with specific challenges related to housing costs and college affordability, are largely to blame.
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Economists largely agree that high inflation cannot be attributed to either President Biden or former President Trump

The consumer price index (CPI) moderated again in June 2024, as reported by the Bureau of Labor Statistics on Thursday. The CPI annual inflation rate has declined to 3% from its 9.1% pandemic-era peak in 2022.
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SBA Launches New Credit Lines Up to $5 Million to Support Small Businesses

The U.S. Small Business Administration (SBA) is set to unveil new government-backed credit lines of up to $5 million for small businesses, as announced by SBA Administrator Isabel Casillas Guzman during an interview with CNBC.
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New UK Finance Chief Revives Housing Targets to 'Get Britain Building Again'

A former Bank of England economist, Rachel Reeves was appointed as Britain’s first female chancellor of the exchequer — equivalent to a finance minister — on Friday. Reeves' appointment marks a historic milestone, as she takes on the critical role in Prime Minister Keir Starmer’s newly formed Cabinet.
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Japanese Warship Enters Chinese Waters Near Taiwan Despite Warnings, Reports Domestic Media

The Japanese destroyer Suzutsuki temporarily ventured into waters off China’s eastern province of Zhejiang on July 4 despite warnings from Chinese vessels.
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While medical debt now has less impact on credit reports, it remains a significant burden for consumers

The share of people with medical debt in collections that shows up in their credit reports has fallen in the past decade, according to the Urban Institute. In 2013, 19.5% of Americans had medical debt in collections, while 10 years later, in 2023, that share fell to 5%, according to new research by the Urban Institute.
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Who Will Bear the Cost of Addressing the Growing National Debt

America’s most unaddressed gigantic problem is the $35 trillion national debt. It’s rapidly growing to unsustainable levels, and Americans are eventually going to face some unhappy choices. Neither of this year’s presidential candidates — incumbent Democrat Joe Biden and Republican challenger Donald Trump — is leveling with voters about the sacrifices that loom.
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Cisco is Extremely Optimistic About Growing Business with Chinese EV Market

Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, according to Ming Wong, Cisco’s Greater China head, in an interview with CNBC.
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Disney Heiress and Wealthy Democratic Donors Withhold Funding Until Joe Biden Exits Presidential Race

Abigail Disney, heiress to the Disney family fortune, has decided to withhold her financial support for the Democratic Party until Joe Biden steps down from the presidential race. This move comes after a recent debate performance that many viewed as lackluster.
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United Airlines is now sending live weather map updates via text to inform travelers about flight delays

United Airlines has announced a new initiative to better explain flight delays to its customers by texting them live weather map updates.
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Report Reveals TikTok and Influencers Significantly Influence Gen Z's Shopping Choices

A recent study by KPMG has unveiled that Generation Z in the Asia-Pacific region is significantly influenced by idols and social media influencers when making purchasing decisions.
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New IRS Guidance on Crypto Tax Reporting: What It Means for Investors

The U.S. Department of the Treasury and IRS recently unveiled final tax reporting rules for digital asset brokers, and experts emphasize that crypto investors have limited time to prepare.

South Korean Court Grants Arrest Warrant for Kakao Founder

A South Korean court approved early on Tuesday a prosecution request for a warrant to arrest Brian Kim, the billionaire founder of tech giant Kakao Corp, on accusations of stock manipulation during a 2023 acquisition. This development marks the latest legal twist for Kakao after the company and an executive went on trial last year for alleged wrongdoing during the same acquisition.

Most Pledged Democratic Delegates Back Harris Following Record-Breaking Fundraising Day

Democrats united behind Vice President Kamala Harris as the party’s front-runner for the presidential nomination Monday, and their excitement translated into a juggernaut day of fundraising for the party and for Harris’ campaign. Harris has emerged as the clear choice for the Democratic nomination, with a surge in support that is reflected in both endorsements and financial contributions.

Volvo Cars Soars 11% Following Record-Breaking Core Operating Profit Report

Volvo Cars experienced a significant rise in its share prices, closing 11% higher on Thursday. This surge followed the announcement of a remarkable increase in the company's core operating profit for the second quarter.

Joe Biden Withdraws from 2024 Presidential Race, Endorses Kamala Harris as Democratic Candidate

President Joe Biden has announced his decision to drop out of the 2024 presidential race against former President Donald Trump. In a surprising move, Biden has endorsed Vice President Kamala Harris as the Democratic Party nominee.

After-Hours Stock Movers: Intuitive Surgical, Netflix, and Other Major Players

Netflix saw its stock dip less than 1% after surpassing analyst expectations on both revenue and earnings for the second quarter. The streaming giant reported earnings of $4.88 per share on $9.56 billion in revenue. Analysts surveyed by LSEG had anticipated $4.74 per share on $9.53 billion in revenue.

Expert Warns: The End of This Tax Break Could Severely Disrupt Business Owners – Essential Information Inside

Tax breaks amounting to trillions of dollars are set to expire after 2025 unless Congress acts to extend them. Among these is a significant deduction for millions of self-employed individuals and business owners.

Wall Street CEOs, including Dimon, react to Trump assassination attempt: ‘Deeply saddened’ by the violence

The leaders of Wall Street’s most powerful firms are speaking out to condemn the attempted assassination of former President Donald Trump at a Pennsylvania rally over the weekend. The attack, which resulted in the death of one bystander and injuries to two others, has prompted strong reactions from prominent CEOs, who emphasize the need for unity and constructive dialogue in the face of political violence.

Many Americans believe they are protected from climate change, but their financial data suggests otherwise

Just 55% of Americans believe global warming will “hurt them a moderate amount,” according to a new study by Stanford University and Resources for the Future. This suggests a significant portion of the population underestimates the potential financial impacts of climate change.

Report Finds Nearly Half of Gen Zers Rely on Financial Support from Parents

Today, 46% of Gen Zers rely on financial assistance from their family, according to a new report from Bank of America. Inflation’s recent surge, combined with specific challenges related to housing costs and college affordability, are largely to blame.

Economists largely agree that high inflation cannot be attributed to either President Biden or former President Trump

The consumer price index (CPI) moderated again in June 2024, as reported by the Bureau of Labor Statistics on Thursday. The CPI annual inflation rate has declined to 3% from its 9.1% pandemic-era peak in 2022.

SBA Launches New Credit Lines Up to $5 Million to Support Small Businesses

The U.S. Small Business Administration (SBA) is set to unveil new government-backed credit lines of up to $5 million for small businesses, as announced by SBA Administrator Isabel Casillas Guzman during an interview with CNBC.

New UK Finance Chief Revives Housing Targets to 'Get Britain Building Again'

A former Bank of England economist, Rachel Reeves was appointed as Britain’s first female chancellor of the exchequer — equivalent to a finance minister — on Friday. Reeves' appointment marks a historic milestone, as she takes on the critical role in Prime Minister Keir Starmer’s newly formed Cabinet.

Japanese Warship Enters Chinese Waters Near Taiwan Despite Warnings, Reports Domestic Media

The Japanese destroyer Suzutsuki temporarily ventured into waters off China’s eastern province of Zhejiang on July 4 despite warnings from Chinese vessels.

While medical debt now has less impact on credit reports, it remains a significant burden for consumers

The share of people with medical debt in collections that shows up in their credit reports has fallen in the past decade, according to the Urban Institute. In 2013, 19.5% of Americans had medical debt in collections, while 10 years later, in 2023, that share fell to 5%, according to new research by the Urban Institute.

Who Will Bear the Cost of Addressing the Growing National Debt

America’s most unaddressed gigantic problem is the $35 trillion national debt. It’s rapidly growing to unsustainable levels, and Americans are eventually going to face some unhappy choices. Neither of this year’s presidential candidates — incumbent Democrat Joe Biden and Republican challenger Donald Trump — is leveling with voters about the sacrifices that loom.

Cisco is Extremely Optimistic About Growing Business with Chinese EV Market

Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, according to Ming Wong, Cisco’s Greater China head, in an interview with CNBC.

Disney Heiress and Wealthy Democratic Donors Withhold Funding Until Joe Biden Exits Presidential Race

Abigail Disney, heiress to the Disney family fortune, has decided to withhold her financial support for the Democratic Party until Joe Biden steps down from the presidential race. This move comes after a recent debate performance that many viewed as lackluster.

United Airlines is now sending live weather map updates via text to inform travelers about flight delays

United Airlines has announced a new initiative to better explain flight delays to its customers by texting them live weather map updates.

Report Reveals TikTok and Influencers Significantly Influence Gen Z's Shopping Choices

A recent study by KPMG has unveiled that Generation Z in the Asia-Pacific region is significantly influenced by idols and social media influencers when making purchasing decisions.

New IRS Guidance on Crypto Tax Reporting: What It Means for Investors

The U.S. Department of the Treasury and IRS recently unveiled final tax reporting rules for digital asset brokers, and experts emphasize that crypto investors have limited time to prepare.