finance (Page 2)

Latest in finance

Google's parent company, Alphabet, has poached Eli Lilly's chief financial officer and tapped her to be its own.

Google Hires Weight Loss Drug Exec With Zero Tech Experience as New CFO

By Noor Al-Sibai

The AI bubble isn't bursting just yet, but one insightful Nvidia investor is starting to see the forest for the trees.

Artificial Intelligence

Billionaire Cuts Investment in Nvidia, Says AI May Be Overhyped

By Noor Al-Sibai

Warren Buffett, one of American finance's biggest moguls, saw an AI deepfake of himself that seems to have freaked him out.

Artificial Intelligence

Warren Buffett Saw An AI That Scared Him

By Noor Al-Sibai

Pharmaceuticals and AI are two of the most-hyped money-makers in the world right now — but not because of what they're selling.

The Pharma Company Making Ozempic Is Worth Five Times What OpenAI Is

By Noor Al-Sibai

A bizarre Bank of Ireland glitch allowed customers to withdraw up to 1,000 Euros from their accounts — even if they didn't have the money.

Bank Accidentally Lets People Withdraw Money From ATMs Even If They Don’t Have Any

By Maggie Harrison Dupré

Bitcoin is way up in spite — or, perhaps, because — of the tumult following the federal seizure of Silicon Valley Bank.

Bitcoin Surges As Spooked Investors Seek Shelter in Crypto, of All Places

By Noor Al-Sibai

Financial regulators have shut down Signature Bank, which was known for letting people make deposits via crypto, in an effort to stem a wider banking crash.

Regulators Just Shut Down a Crypto Lender to Stem a Growing Financial Disaster

By Noor Al-Sibai

The financial industry's response to AI has been bizarre at best, with Bank of America weighing in very much on the side of the bots.

Artificial Intelligence

Bank of America Obsessed With AI, Says It’s the “New Electricity”

By Noor Al-Sibai

Goldman Sachs' board members are, apparently, mighty fed up with CEO David Solomon's increasingly problematic disc-jockeying hobby.

Goldman Sachs Annoyed by CEO’s Part Time Gig as a DJ

By Noor Al-Sibai

The Partiful event invite startup has admitted that it won't be turning a profit with investor money — but will be partying on regardless.

Party Startup Says It Has Zero Plans to Make Any Money With Investors’ Funds

By Noor Al-Sibai

Elon Musk can now be proud of the fact that he's officially the record holder for the "largest loss of personal fortune in history."

Elon Musk Sets Guinness World Record for Losing the Most Money

By Frank Landymore

Caroline Ellison, one of the key figures in the FTX fallout, seems to have joked about committing "wire fraud" on her Tumblr.

Alameda CEO Caroline Ellison Joked About Putting “Wire Fraud” on Her Dating Profile

By Noor Al-Sibai

A famous investor is warning his clients that the financial "superbubble" is getting ready to burst — and that it will soon reach an "epic finale."

Investor Warns That a “Superbubble” May Be About to Burst in a Financial “Tragedy”

By Noor Al-Sibai

The Binance crypto exchange could be in trouble with the American government over allegedly serving Iranians in spite of terrorism sanctions on the country.

Crypto Exchange That Invested in Forbes Accused of Violating Terrorism Sanctions

By Noor Al-Sibai

An employee in Chile really hit the jackpot this week when his employer accidentally paid him 330 times his salary on accident.

Man Who Accidentally Got Paid 330x His Salary Quits, Disappears

By Lonnie Lee Hood

After firing scores of employees over Zoom, the CEO of Better.com is in legal hot water for allegedly defrauding investors.

The CEO Who Fired 900 People Over Zoom Is in Big Legal Trouble

By Noor Al-Sibai

Billionaire Bill Gates says the economy is probably going to slow down and that bear investors are right to question inflation and federal interest rates.

Bill Gates Says He’s Quite Concerned About the Global Economy

By Lonnie Lee Hood

Billionaire and CEO of Berkshire Hathaway said he wouldn't take $25 for all the cryptocurrency and bitcoin in the world. What happened?

Warren Buffett Says He Wouldn’t Buy All the Bitcoin in the World for $25

By Lonnie Lee Hood

Even while making the oh-so-serious offer to buy Twitter outright for a whopping $43 billion, Tesla and SpaceX CEO Elon Musk may still be trolling

Ah Yes, Of Course Elon Musk Hid “420” in His Offer to Buy Twitter

By Noor Al-Sibai

No, this isn't the climax of "Succession" — Elon Musk really could maneuver his way into owning Twitter.

Elon Musk May Be Plotting a Hostile Takeover of Twitter

By Noor Al-Sibai

Paul Krugman declares the current crypto crisis and tanking currency values to be really similar to the subprime mortgage crisis of the 2000s.

Nobel Prize Winner Says Crypto Reminds Him of the Disastrous Mortgage Crisis

By Lonnie Lee Hood

The aggregate crypto market has lost more than $1 trillion in a crash since late last year, and some experts argue regulation is the solution.

The Crypto Crash Has Destroyed a Trillion Dollars in Wealth

By Lonnie Lee Hood

Analysts for investment bank UBS warned that crypto markets might be entering another “crypto winter” as prices steadily fall for the asset.

Financial Analysts Say Bitcoin’s Price Is Going to Keep Falling and Falling

By Tony Ho Tran

A box full of untraceable cash sat collecting dust in the unused office a New York City physics professor for months — and its contents were shocking.

Physics Dept Gets Random Box Full of $180K in Untraceable $50s and $100s

By Noor Al-Sibai

The day after the cryptocurrency finally hit the New York Stock Exchange, Bitcoin has reached the highest price at any point in its 12-year history.

Bitcoin Hits Highest Price in Its Entire History

By Jon Christian

The New York Stock Exchange is expected to start allowing traders to bet on Bitcoin, in a milestone for the world of cryptocurrency.

Bitcoin Is Hitting The New York Stock Exchange Tomorrow

By Jon Christian

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A Home Equity Investment Lets You Tap Your Home’s Value With No Monthly Payments

By Futurism Creative

Hamster Trades Cryptocurrencies, Outperforms Warren Buffett

Hamster Trades Cryptocurrencies, Outperforms Warren Buffett

By Tony Ho Tran

A new crop of lenders have emerged doling out loans to cryptocurrency enthusiasts who, in turn, use it to buy more crypto.

Crypto Fanatics Are Taking Out Loans to Buy More Crypto

By Tony Ho Tran

equity investment

A Home Equity Investment Lets You Tap Your Home’s Value Without Monthly Payments

By Futurism Creative

The scandal-plagued stock broker app Robinhood had the worst-ever IPO in American history for a company of its size of Thursday.

Science & Energy

Scandal-Plagued Robinhood Suffers Worst IPO in History

By Dan Robitzski

buy rental property real estate

With Millennials Renting Homes Like Crazy, It’s a Great Time To Buy Rental Property

By Futurism Creative

Satoshi Nakamoto, the pseudonymous identity masking Bitcoin's creator or creators, has enough of the crypto to be the world's 19th richest person.

Bitcoin Creator Satoshi Nakomoto Is Now One of the World’s Wealthiest People

By Dan Robitzski

Pfizer executives recently announced that they're looking into raising the price of the coroanvirus vaccine once the worst of the pandemic is over.

Pharma Execs Scheming About How to Make More Money Off COVID Vaccine

By Dan Robitzski

The support of our readers has been tremendous over this last year — and Futurism truly would not be here if it wasn’t for all of you.

A Note From The Publisher of Futurism

Vlad Tenev, the CEO of Robinhood, explained to Elon Musk why his company blocked users from buying more shares in GameStop.

Elon Musk Grills Robinhood CEO for Shutting Down Wall Street Bets Trades

By Dan Robitzski

Robinhood decided to block people from buying more GameStop or AMC shares and even sold off users' portfolios, prompting calls for a federal investigation.

Politicians Slam Platforms for Halting Wall Street Bets Trades

By Dan Robitzski

Alexis Ohanian, the co-founder of Reddit, has now gone on the record with an explanation for the financial chaos caused by the subreddit Wall Street Bets.

Reddit Co-Founder: Wall Street Bets Is a “Revolution”

By Jon Christian

Janet Yellen, Biden's nominee for Secretary of the Treasury, suggests that it's time to crack down on Bitcoin and cryptocurrencies.

Top Biden Appointee Suggests Cracking Down on Bitcoin

By Dan Robitzski

Elon Musk became the wealthiest person in the world on Thursday. Here are some ideas for what he could do with his riches.

5 Things Elon Musk Could Do Now That He’s the World’s Richest Person

By Dan Robitzski

A new Consumer Reports analysis found that, over their lifetime, electric vehicles cost half as much to maintain as gas-powered cars do.

Electric Vehicles

Report: Electric Vehicles Cost Half as Much to Maintain

By Dan Robitzski

In 2010, a scientist published research suggesting that 2020 would be a total shitshow. It goes without saying he really nailed it.

Science & Energy

A 2010 Scientific Paper Predicted That 2020 Would Be a Shitshow

By Dan Robitzski

Facebook just agreed to pay $52 million to settle a class-action lawsuit alleging that its content moderators suffered psychological trauma on the job.

Facebook Will Pay Mods $52M For Trauma From Gore, Sexual Abuse

By Dan Robitzski

Ever since the coronavirus pandemic began, American billionaires have collectively made an extra $282 billion.

These Billionaires Are Making a Killing Off the Pandemic

By Dan Robitzski

The IRS Is Sending Stimulus Checks to Dead People

The IRS Is Sending Stimulus Checks to Dead People

By Victor Tangermann

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Thanks to This Innovative Fintech, Real Estate Investment Is Easier Than Ever

By Futurism Creative

As countries struggle to contain the coronavirus, global economies and the stock market are starting to take notable hits.

The Coronavirus Is Now Tanking the Stock Markets

By Dan Robitzski

If investors and business leaders, especially those in the energy sector, continue to ignore climate change, they might tank the economy.

Research: Extreme Weather Could Crash the Economy

By Dan Robitzski

MIT released a massive report about the university's ties to Jeffrey Epstein. Along with publishing the report, MIT also suspended engineer Seth Lloyd.

MIT Suspends Another Professor for Epstein Ties

By Dan Robitzski

During Thursday's debate, Bernie Sanders suggested cutting the military's bloated budget and putting it towards a more important fight: climate change.

Bernie Sanders: Spend Money on the Climate Instead of Weapons

By Dan Robitzski

Artificial Intelligence

Steve Wozniak Says the Apple Card Discriminated Against His Wife

By Dan Robitzski

A satirical app called "Bull and Moon" recommends stocks to people based on their astrological sign, offering a "compatibility score" for companies.

Robots and Machines

Investment App Recommends Stocks Based on Your Horoscope

By Dan Robitzski

The FBI has reportedly begun investigating Mithril Capital, the venture capital firm co-founded by Silicon Valley tycoon Peter Thiel.

FBI Investigation Targets Trump Booster Peter Thiel’s VC Firm

By Dan Robitzski

The government of Venezuela is urging people working abroad to send remittances back home through its new cryptocurrency payment platform.

Venezuela Is Seriously Pushing Its State-Run Cryptocurrency

By Dan Robitzski

Bank of America analysts argue that it would be wise to invest in longevity companies that are working to extend the human lifespan and erase disease.

Health & Medicine

Major Bank: The Immortality Industry Is the Next Hot Investment

By Dan Robitzski

After investing $2.5 billion into a robot-controlled hedge fund and losing millions, Samathur Li Kin-kan is suing the company that sold him on the AI.

Artificial Intelligence

Investor Sues After an AI’s Automated Trades Cost Him $20 Million

By Kristin Houser

A new Chinese app tells you if any "deadbeat debtors" are within 500 meters — like Grindr, essentially, but for insolvent borrowers.

Grindr-Like Chinese App Tells You If “Deadbeat Debtors” Are Nearby

By Jon Christian

California Governor Gavin Newsom wants to expand the state's tax refund for low-income families and start paying it on a monthly basis.

California Could Soon Give Low-Income Residents a Monthly Check

By Dan Robitzski

PNC Bank is conducting a pilot project of credit cards with constantly changing CVVs, which it believes might prevent fraud during online transactions.

Credit Cards With Constantly Changing CVVs Could Prevent Fraud

By Kristin Houser

The idea is part of an ironic trend: banks want to leverage a technology that was invented to take power away from financial institutions.

A New Bank of America Patent Describes Blockchain-Powered ATMs

By Dan Robitzski

If governments don't take swift action against climate change, the global economy could be headed for a crisis, according to investors.

Climate Change May Trigger an Economic Crisis. We Could Prevent It.

By Kristin Houser

A pair of new cryptocurrency reports asserts that the asset class is still very risky for investors, but not much of a threat to the world economy.

Reports: Crypto Is a Threat to Your Savings Account, But Not World Markets

By Kristin Houser

Tesla's refund request to suppliers is raising eyebrows in the financial world, with some calling it "ludicrous" and "desperate."

Tesla Is Reportedly Asking Suppliers to Refund Payments To Have More Cash On Hand

By Kristin Houser

The SEC Is Not Messing Around, Appoints New Leader To Tackle Crypto

The SEC Is Not Messing Around, Appoints New Leader To Tackle Crypto

By Kristin Houser