Finance
Mark Zuckerberg is planning a premium tier and ads for Meta’s AI app
Mark Zuckerberg is planning a premium tier and ads for Meta’s AI app Meta CEO Mark Zuckerberg plans to introduce a premium tier for its AI app, similar to rivals like OpenAI, Google, and Microsoft. The premium tier will offer users more compute or additional functionality, with Meta aiming to compete with ChatGPT and other […]
💻 Technology
US colleges and universities have billions stashed away in endowments − a higher ed finance expert explains what they are
US colleges and universities have billions stashed away in endowments − a higher ed finance expert explains what they are US colleges and universities have billions stashed away in endowments, which are pools of financial investments that produce a revenue stream. The endowments are typically tax-deductible for donors who itemize their tax returns, but some […]
📚 Education
Endowments aren’t blank checks – but universities can rely on them more heavily in turbulent times
Endowments aren’t blank checks – but universities can rely on them more heavily in turbulent times Harvard University is facing pressure from the Trump administration to change its policies or lose out on billions of dollars in federal funding, specifically over allegations of violating students’ civil rights. The university’s endowment, valued at over $53 billion, […]
📰 News
Trump’s attacks on central bank threaten its independence − and that isn’t good news for sound economic stewardship (or battling inflation)
Trump’s attacks on central bank threaten its independence − and that isn’t good news for sound economic stewardship (or battling inflation) Central bank independence is under threat from politicians who want to influence monetary policy decisions. The US Federal Reserve, for example, has been criticized by President Trump, who has implied that he could fire […]
🏛️ Politics
International students infuse tens of millions of dollars into local economies across the US. What happens if they stay home?
International students infuse tens of millions of dollars into local economies across the US. What happens if they stay home? International students bring significant economic benefits to local communities across the US, with a total impact estimated at $44 billion annually. The average international student brings in around $29,000 per year, which translates into American […]
📰 News
Are prediction markets gambling? Robinhood CEO Vlad Tenev is betting not
Are prediction markets gambling? Robinhood CEO Vlad Tenev is betting not Vlad Teterin, CEO of Robinhood, discusses his company’s plans for expansion and innovation, including a new banking service that allows customers to get physical cash delivered on demand. Teterin talks about the challenges of delivering cash to customers, but emphasizes the importance of making […]
💻 Technology
401(k) plans and stock market volatility: What you need to know
401(k) plans and stock market volatility: What you need to know 401(k) plans are employer-sponsored retirement savings plans where employees contribute a portion of their compensation on a tax-deferred basis, and many employers match some or all of an employee’s contributions. The IRS requires individuals to start making monetary withdrawals from their 401(k) plan when […]
📰 News
The trade deficit isn’t an emergency – it’s a sign of America’s strength
The trade deficit isn’t an emergency – it’s a sign of America’s strength The author argues that the US trade deficit is not an emergency, but rather a sign of America’s financial and technological dominance. A trade deficit simply means foreigners are investing more in the US than Americans are investing abroad, which is a […]
🏛️ Politics
OpenAI Valued at $300 Billion after Closing $40 Billion In Funding
OpenAI Valued at $300 Billion after Closing $40 Billion In Funding OpenAI has closed a $40 billion funding round, valuing the company at $300 billion, making it one of the most valuable private tech companies. The funding round was led by SoftBank and included investments from Microsoft, Coatue, Altimeter, and Thrive, with OpenAI planning to […]
💻 Technology
What’s behind the billon-dollar business of March Madness?
What’s behind the billon-dollar business of March Madness? Sports management expert Michelle Brimecombe has answers for you about the billion-dollar business behind the NCAA’s March Madness tournament. March Madness isn’t just about buzzer-beaters and Cinderella stories. Each year—while fans agonize over their brackets—networks, advertisers, and sponsors turn college basketball’s biggest stage into a high-stakes business […]
⚽ Sports