Billionaire Mark Zuckerberg doesn’t realize other people don’t have money

Facebook CEO Mark Zuckerberg appeared today (Oct. 23) before the US House Financial Services Committee to discuss Libra, his company’s global cryptocurrency project.In his opening remarks, he discussed the plight of people excluded from the global financial system. “There are more than a billion people around the world who don’t have access to a bank…

Hong Kong’s government blames “social incidents” for tipping the economy into a deep recession

In the past few months, shopping malls, restaurants, and amusement parks in protest-hit Hong Kong have felt like virtual ghost towns. New data released today confirms that the city’s economy is indeed in its worst state since the global financial crisis a decade ago.According to preliminary government figures, Hong Kong’s economy fell into recession in…

How to Manage and Stabilize Your Household Finances With a Single Income Stream

Here’s how to live and properly talk with your partner about subsisting on one household income. October 18, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town discusses how to save money for your goals when you only have one source of income. Town recommends…

Where LA’s leading consumer VCs are aiming to invest

From a fundraising perspective, Los Angeles has become just the southern-most part of the Bay Area. Top-tier VCs from SF visit LA regularly, and entrepreneurs raise from investors upstate and downstate in one process. Anecdotally, as an LA resident of 4 years, there’s been a palpable uptick of entrepreneurs from the Bay Area who move…

Warren Buffett invested $200 million in an elegant furniture merchant with a CEO who likes to quote him

Kevin Lamarque/Reuters Warren Buffett invested more than $200 million in a fancy furniture retailer with a boss who has a history of quoting the legendary investor. Buffett’s Berkshire Hathaway conglomerate bought $206 million worth of shares in RH last quarter, according to a regulatory filing. “As Warren Buffett said, if the skies darkened and there’s…

Who has the very best cheap vehicle insurance in Texas?

Texas drivers pay an average of $1,008 per year for car insurance coverage, according to the Insurance Information Institute. The best cheap car insurance in Texas is generally found through USAA or State Farm for drivers with good or better credit, and drivers with poor credit can find the most affordable car insurance through GEICO, according…

Viral Tweets From Steve Wozniak and Ruby on Rails Creator Spur Investigation Into Apple Credit Card

Viral Tweets From Steve Wozniak and Ruby on Rails Creator Spur Investigation Into Apple Credit Card (bbc.com) Posted by EditorDavid on Sunday November 10, 2019 @02:34PM from the algorithms-at-Apple dept. An anonymous reader quotes the BBC: A US financial regulator has opened an investigation into claims Apple’s credit card offered different credit limits for men…

Vodafone may end up being biggest NPA for lenders

MUMBAI: Lenders said they will have no recourse should Vodafone Idea default on its payment obligations to the government. The company may end up being the biggest non-performing asset (NPA) for lenders because of the lack of securities, guarantees or fresh equity from promoters. Banks currently have an exposure of close to Rs 1,00,000 crore…

DeVos Fined $100,000 for Failure to Forgive Student Debt

(Bloomberg) — U.S. Secretary of Education Betsy DeVos was hit with a $100,000 fine for violating a judge’s order to stop debt collection efforts against former students at bankrupt Corinthian Colleges Inc.Despite the order, the department went as far as seizing the students’ tax refunds and wages.U.S. Magistrate Judge Sallie Kim in San Francisco issued…