Suppose you invest $10,000 and use leverage to create FCNR deposits worth $100,000. At a 7% deposit rate, the deposits earn $7,000 a year. If borrowing costs are 5.5%, the interest cost on the $90,000 loan is $4,950, leaving a surplus of about $2,050 annually. Over three years, that translates into more than $6,000 of…
Gig platforms offer seamless checkout for buyers, but emerging market payouts remain broken for workers. In June 2026, member states from more than 180 countries convened for the International Labour Conference to determine international labor standards for digital platform workers. However, even with those standards set, payments remain a big issue. Imagine a freelance developer in Lagos,…
Key Points Space Exploration Technologies (NASDAQ: SPCX), or SpaceX as most know the company, recently became the largest IPO in history. But investors may not realize just how little of the company is currently trading on the market. SpaceX sold 555.6 million shares to public investors, which sounds like a lot, but it’s not. That’s…
An extended-stay hotel in Arlington, Va., is set to be transformed back into multifamily housing. GoodHomes Communities put down $35 million to acquire the Arlington Court Suites, a 187-key hotel that the buyer plans to convert into a 180-unit apartment building. KLNB announced the deal and, together with HREC Investment Advisors, represented the seller, Arlington…
Shares of Kalyan Jewellers India surged as much as 9% to Rs 407.75 in Thursday’s trade, extending their winning streak for a second straight session. The stock has now rallied more than 15% in two days, buoyed by the company’s strong first-quarter business update. In the previous session, the shares had gained over 6% after…
Key Takeaways A safe deposit box is a secure storage box housed at a bank or credit union that can be used as a private bank vault to stash valuable personal items. Safe deposit boxes are not insured by the FDIC, so be mindful of what you decide to store, or consider additional insurance coverage….
Mercer Global Advisors is suing a former employee, alleging she stole confidential client information in their move to a competitor and that the promises she’d abide by employment agreements with Mercer were “completely hollow.” Mercer filed the suit in Missouri state court this week against Jeannie Seabaugh and Brand Asset Management Group, where Mercer claims…
American Express: Premium Customer, Stablecoins, Tokenized Credit
Shares of Dixon Technologies, Syrma SGS Technologies and Amber Enterprises rose as much as 6% on Thursday after the Centre expanded customs duty concessions on a range of machinery and components used in electronics manufacturing. The benefits, which come into effect immediately, cover equipment and parts used in lithium-ion batteries, display modules and smartphone components,…
Jack Dorsey, CEO of Block, formerly Square. David Paul Morris/Bloomberg Processing Content Key insight: Block allegedly falsely advertised “advanced fraud detection” and secure account protocols when predatory scams were permitted to proliferate. What’s at stake: Block has paid several multimillion-dollar settlements to federal and state authorities for failing to provide any live customer service agents…