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Getty The implosion of banking-as-a-service pioneer Synapse Financial Technologies is shining a harsh and unflattering light on a key link that has enabled the growth of the digital banking industry in recent years. At an emergency hearing Tuesday, U.S. Bankruptcy Court Judge Martin R. Barash, of the Central District of California, framed the situation starkly. “What… 
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Financial stability is a key aspect of a secure life, yet many find themselves in precarious situations due to certain common mistakes. If you’re afraid to fall into the empty pits of a wallet, you’re not alone. In fact, according to the Administrative Office of the U.S. Courts, bankruptcy filings totaled 418,724 in the ending filing year of June 2023. There’s ways to prevent a lonely bank account, but the only way to prevent a crash is to know the warning signs ahead. Here are six of the fastest and most prevalent ways people end up facing financial ruin:
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(Photo by Jakub Porzycki/NurPhoto via Getty Images)…NurPhoto via Getty Images The FTX fiasco took bitcoin a big chunk of the way towards my target of $13,000. So was that the bottom or is the…
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If you’ve been on LinkedIn recently, you’ve likely seen posts about someone being laid off or having a dream job offer rescinded, often by a high-profile, once hot startup. According to the t…
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SINGAPORE – Even as the Covid-19 pandemic ravages the economy, the number of people who were made bankrupt last year sank to the lowest in five years. Bankruptcy orders tumbled more than 40 p…
thapananwangtrakan6645@gmail.com's comment,
February 1, 2021 11:12 PM
Great Article Thanks for sharing Informative content.
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Getty When it comes to bankruptcies in the U.S., there's good news and bad news. The good news is that 2023 was the third-lowest year for bankruptcy filings and 42% below the pre-pandemic levels of 2019. Excluding 2021 and 2022 — where many businesses received pandemic-related assistance — bankruptcies were at the lowest historic levels since 1997. But the…
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Sam Bankman-Fried, former CEO of FTX… Photo: Getty Images The financial collapse of FTX may seem like a distant concern since the mostly unregulated industry is different from software, e-com…
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They started investing in real estate 30 years ago… with so much hope for their future. A rental house here, a duplex there… and soon they had a rental portfolio anyone would be proud o…
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Inflation hit its largest annual increase in 30 years in October, with consumer prices up 6.2 percent compared with a year ago, according to the Bureau of Labor Statistics. Data released Wednesday showed that prices rose 0.9 percent in October compared with September. Today’s inflation in the economy is different. Here’s how in four charts.
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Aaron Prem's curator insight,
November 19, 2021 4:44 PM
There are some important consumer decisions that this article features. It comments on the economic principle: people face trade-offs. One of the examples it gives is the rising prices for foodstuffs. With the price of meat & fish rising at a much faster rate than vegetables, it would be wise for consumers to choose a vegetarian diet. Even without inflation this would be a wise choice as meat provides no advantage to vegetables and is an economic loss even without inflation. Meat & fish prices are always "expensive" that is, one of the most expensive items on the shopping list. Vegetables such as beans, peas, and lentils provide protein without the salt and fat of red meats. Some items, such as salmon, are worth spending extra money as they provide some nutrients that are in very few alternatives.
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ScaleFactor Raised $100 Million In A Year Then Blamed Covid-19 For Its Demise
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