Author: John Smith

John Smith is an accomplished financial writer with a focus on stocks and cryptocurrencies. He has a Bachelor's degree in Finance and has been working in the financial industry for over 10 years. John has a deep understanding of both traditional and alternative investments and has a proven track record of helping his readers make informed investment decisions.

Revolut, a British fintech company, is starting to sell phone plans in the UK. This makes it the first financial services company in the country to provide telecom plans, and one of the first in the world to do so. They’re introducing eSIMs, which are SIM cards that can be stored digitally, rather than using a physical card in the device. These plans will be available to users in the next few days. Users of Revolut’s basic app, who don’t pay for a subscription, can use a regular eSIM plan. This plan lets them use the Revolut app to add…

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Effectively handling cash flow is crucial for managing a business’s money well. It directly impacts how profitable, adaptable, and financially stable the business is. This means keeping a close eye on the money coming in and going out, analyzing it regularly, and making improvements when needed. Looking ahead to 2024, it’s important to understand that many businesses struggle with cash flow, especially in their early years. In the United States, one out of every five businesses fails in its first year. The challenge continues as two out of every ten close by the second year, and by the fifth year,…

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Even though they make more money, lots of Gen Z adults and millennials struggle to save money to invest. A recent survey by CNBC and Generation Lab called “Youth & Money in the USA” found that 63% of young adults think investing in the stock market is a good way to grow wealth, but many aren’t doing it. In fact, 61% aren’t putting money away for retirement every month. The survey asked 1,013 people aged 18 to 34 in the U.S. at the end of January. One major reason for this is the increased expenses, which have made it difficult…

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After the first block of Bitcoin was created 15 years ago (with one incorrect announcement in between), the US Securities and Exchange Commission SEC has given the green light to Bitcoin exchange-traded funds. This means Bitcoin is now officially part of the financial system it originally aimed to change. The approval allows investors to access 11 spot Bitcoin ETFs, including ones from Grayscale, Fidelity, BlackRock, and other companies. “Although we have given the green light for the listing and trading of specific spot bitcoin ETP shares, it’s important to note that we have not officially endorsed or approved Bitcoin,” stated…

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Discovery Capital Management’s large investment fund, managed by the experienced investor Rob Citrone, had an impressive 48% gain in 2023, as reported by Bloomberg on Tuesday. This is a significant improvement from the 29% loss the fund experienced in 2022. The strong recovery made it one of the top-performing funds on Wall Street, according to Bloomberg. Success of Discovery Capital’s $1.5 Billion Fund The $1.5 billion fund’s success was mainly because of smart investment choices in stocks and government bonds in Latin America, US credit, and a mix of both long and short positions in financial stocks, according to a…

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The survey by American Express discovered that many millennials and Gen Z individuals are focusing on money goals for their 2024 resolutions. Out of over 1,800 people born between 1981 and 2012, 57% said their main goal for the coming year is related to personal finance. Following closely are wellness goals, with 50%, and mental health goals, with 48%. Sue Gardiner, a certified financial planner and owner of South County Wealth Planning, explains that your mental health is significantly influenced by your financial well-being. She emphasizes that being financially strong doesn’t necessarily mean having everything for your current lifestyle but…

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Bitcoin had a big increase in 2023, going up by about 152% for the year. Many people who talk about finance, both from inside and outside the digital currency industry, think that this increase will keep going. In 2021, bitcoin reached its highest value, but in 2022, it had a tough time with the failure of important projects, problems with money availability, and some companies going bankrupt. During that year, FTX, which used to be one of the biggest cryptocurrency exchanges globally, declared bankruptcy. In 2023, Sam Bankman-Fried, the founder, was convicted of all seven criminal charges brought against him…

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In the coming year, many Americans can expect higher pay, as revealed by a recent study from the Economic Policy Institute (EPI). Starting on New Year’s Day, the minimum wage will increase in 22 states, benefiting almost 9.9 million Americans with a pay raise. Overall, these raises will result in an extra $6.95 billion in wages for workers. Furthermore, on January 1, 38 cities and counties will raise their minimum wages, surpassing the minimum set by their respective states. This will further contribute to the total number of workers experiencing a boost in their pay. How Minimum Wage Hikes Affect…

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Pleo, a fintech company from Denmark, has chosen a new chief financial officer, as revealed. This move strengthens the company’s leadership team, suggesting that it’s getting ready for a possible initial public offering (IPO). The person they hired is Soren Westh Lonning, who has worked in financial services for over 20 years, with experience at companies like Chr Hansen (a Danish bioscience firm), WS Audiology (a hearing aid company), and Danish Endurance (a sports and outdoor clothing startup). Notably, Lonning has served as CFO at Chr Hansen, a Danish company listed on the stock exchange with a market value of…

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Bitcoin went above $40,000 on Monday in Asia for the first time this year. This happened because people were expecting the approval of a bitcoin exchange-traded fund and predicting that the U.S. would reduce interest rates. The biggest cryptocurrency in the world increased by more than 4% on Monday in Asia, reaching a 19-month high. It traded as high as $41,520 at 12:30 am ET, according to Coin Metrics data. This is the first time since May 2022 that bitcoin has gone beyond the $40,000 mark, according to LSEG. Overall, bitcoin has increased by more than 145% since the beginning…

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