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#finance

328 posts36 participants13 posts today
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Blender Dumbass ( J.Y.Amihud )

From: blenderdumbass . org

Most Free / Libre Software projects are maintained either by strong communities, or through some kind of donation system. Libre Games struggle with both aspects. There are community driven games, but those lack vision and coherent style, because different people contribute differently, on...

Read or listen: blenderdumbass.org/articles/li

blenderdumbass . orgLibre Games and Making Money: Introducing Petitions
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#Libre#FreeSoftware#LibreGames
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unusual_whales

23andMe has proposed a May 14 auction for the sale of its assets, which include the genetic data of more than 15 million customers.

Read more: t.co/BZBzBngXQB

Unusual Whales - News · Millions of 23andMe users now face seeing their genetic information sold to the highest bidder as part of the company’s bankruptcy23andMe Bankruptcy Sparks Fears Over Sale of Genetic Data Millions of Americans who sent their DNA to 23andMe—hoping to discover long-lost relatives or assess health risks—now face the unsettling prospect that their genetic data could be sold to the highest bidder. As the company moves through bankruptcy proceedings, it sets up a major test of legal safeguards around privacy and data security. Genetic Data Up for Auction 23andMe has scheduled a May 14 auction to sell its assets, which includ
#news#finance#economics
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unusual_whales

Headquartered in Sweden, Klarna filed its prospectus last week to go public on the New York Stock Exchange.

Read more: t.co/m8yve4ifDF

Unusual Whales - News · DoorDash, DASH, and Klarna have signed a deal where customers can choose to pay for food deliveries in interest-free installmentsKlarna, the buy now, pay later (BNPL) provider preparing for an initial public offering, announced on Thursday a new partnership with DoorDash, signaling further momentum for potential investors. This marks DoorDash’s first BNPL partnership in the U.S., offering customers more payment flexibility. According to Klarna’s press release, DoorDash users can choose to pay in full at checkout, split payments into four equal interest-free installments, or schedule payments in alignment with their payda
#news#finance#economics
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unusual_whales

The chief strategist at UBS Investment Bank said the “visibly tiring” U.S. consumer is set to further pressure stock prices, setting the stage for another eight per cent slump in the S&P 500.

Read more: t.co/kXo2JmnxUE

Unusual Whales - News · The S&P 500 could see 3% to 5% bounce from oversold levelsUBS Strategist Warns of Further S&P 500 Decline as U.S. Consumer Weakens The U.S. consumer is showing signs of fatigue, which could weigh further on stock prices, setting the stage for another 8% drop in the S&P 500, according to Bhanu Baweja, chief strategist at UBS Investment Bank. Baweja pointed to multiple warning signals, including weakening employment expectations, lower spending outlooks, and declining consumer confidence. He now expects the S&P 500 to fall to 5,300 points as analysts a
#news#finance#economics
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unusual_whales

Gen Z Americans don’t have enough saved to cover a single month of spending.

Read more: t.co/R2Q5y2LKvW

Unusual Whales - News · Gen Z Americans don’t have enough saved to cover a single month of spendingGen Z’s Financial Struggles: Spending Outpaces Savings Younger Americans are financially vulnerable, with less than a month’s worth of savings to cover their expenses—leaving them at risk should the economy take a downturn. Spending More Than They Save According to Bank of America Institute’s latest analysis, Gen Z—those born after 1995—spent twice the amount they had in savings on average in February. This savings-to-spending gap has widened over the past two years and is significantly larg
#news#finance#economics
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unusual_whales

"One of the fundamental problems in America is, retirement's not that bad of a problem for the top Fortune 500 companies." he said.

Read more: t.co/dzi6ga4czD

Unusual Whales - News · Larry Fink of BlackRock, BLK, has said that retirement is a benefit increasingly limited to Fortune 500 employeesBlackRock’s Larry Fink Sounds the Alarm on America’s Retirement Crisis While short-term economic uncertainty dominates discussions among CEOs, BlackRock CEO Larry Fink is urging a greater focus on retirement planning—an issue he believes is dangerously overlooked. Fink, a longtime advocate for retirement security, has frequently warned of a looming retirement crisis, arguing that too little is being done to build long-term wealth for younger generations. Retirement Benefits for the Few, Not
#news#finance#economics
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unusual_whales

Members of the Gen Z generation — people born after 1995 — were spending twice the amount they had in savings on average in February, according to Bank of America.

Read more: t.co/R2Q5y2LcGo

Unusual Whales - News · Gen Z Americans don’t have enough saved to cover a single month of spendingGen Z’s Financial Struggles: Spending Outpaces Savings Younger Americans are financially vulnerable, with less than a month’s worth of savings to cover their expenses—leaving them at risk should the economy take a downturn. Spending More Than They Save According to Bank of America Institute’s latest analysis, Gen Z—those born after 1995—spent twice the amount they had in savings on average in February. This savings-to-spending gap has widened over the past two years and is significantly larg
#news#finance#economics
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unusual_whales

Florida expanded by more than 467,000 people last year to 23 million people, making it the third largest state in the nation.

Read more: t.co/OLiLgHBBG7

Unusual Whales - News · Florida has become such a popular place to move that real-estate developers are building homes on top of orange groves to accommodate the exploding populationFlorida’s Citrus Industry Faces Devastating Decline Florida’s once-thriving orange industry has been in steep decline for over two decades, battered by disease, extreme weather, and shifting economic pressures. Storms, Disease, and Shrinking Groves When Hurricane Irma ripped through the state’s orange belt in 2017, Florida’s citrus groves were already suffering from citrus greening disease, which had been crippling the industry since the early 2000s. Then came a major freeze and two hurrican
#news#finance#economics
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unusual_whales

The USD1 token will be 100% backed by short-term US Treasuries, dollar deposits and other cash equivalents.

Read more: t.co/dEJO4kTTOn

Unusual Whales - News · World Liberty Financial, a crypto project backed by President Trump and his family, says it will launch a new stablecoin backed by US government debtTrump-Backed Crypto Firm World Liberty Financial to Launch Stablecoin World Liberty Financial, a crypto project backed by President Donald Trump, has announced plans to launch a stablecoin pegged 1:1 with the US dollar. The move signals his administration's growing support for digital tokens, which play a crucial role in crypto transactions. USD1: A New Digital Dollar The stablecoin, named USD1, will be fully backed by short-term US Treasuries, dollar deposits, and other cash equivalents, th
#news#finance#economics
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unusual_whales

Company founder Enzo Ferrari once said that the company would “always deliver one less car than the market demands.” The wait list to get a new Ferrari is currently more than two years.

Read more: t.co/yI8THxqET4

Unusual Whales - News · Ferrari car buyers are getting younger, with the CEO saying 40% of new clients are now under 40Ferrari’s Buyers Are Getting Younger, Says CEO The average Ferrari buyer is getting younger, according to CEO Benedetto Vigna. Today, 40% of new Ferrari owners are under 40, a significant jump from 30% just 18 months ago. The Italian luxury sports car brand has long been known for its exclusive, limited production strategy, ensuring its vehicles remain highly coveted. As founder Enzo Ferrari famously said, the company will "always deliver one less car than the market demands." Currently, the w
#news#finance#economics
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unusual_whales

A Bank of America report shows this will place them as the richest—and largest—generation by 2035, as Gen Z is expected to grow to 30% of the global population in the next decade.

Read more: t.co/icvR5yAfMa

Unusual Whales - News · Gen Z may not be able to afford a house or the cost of living now—but give it 10 years. They’re on track to gain $36 trillion and become the richest generationGen Z: Struggling Today, Dominating Tomorrow Gen Z is navigating a paycheck-to-paycheck lifestyle, juggling sky-high rent while surviving on budget meals like 99-cent ramen. But in just a decade, they’re set to become the world’s most powerful economic force. In 2022, Gen Z’s total income stood at $9 trillion, but projections indicate it will quadruple to $36 trillion by 2030 and skyrocket to $74 trillion by 2040. According to a recent Bank of America report, this shift will make them the weal
#news#finance#economics
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unusual_whales

In an internal analysis, New Delhi estimated such reciprocal tariffs would hit 87% of its total exports to the United States worth $66 billion.

Read more: t.co/g9AqHsK02v

Unusual Whales - News · The Indian government is reportedly willing to reduce tariffs on 55% of U.S. importIndia Considers Major Tariff Cuts to Secure U.S. Trade Deal India is open to reducing tariffs on over half of U.S. imports worth $23 billion as part of the first phase of an ongoing trade deal with Washington, according to two government sources. This move would mark India’s most significant tariff reduction in years, aimed at avoiding U.S. retaliatory tariffs set to take effect on April 2 under President Donald Trump’s trade policy. The reciprocal tariffs have disrupted global markets and for
#news#finance#economics
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