Latest News on private equity markets

Regulation | Nov 8, 2023 The Consumer Financial Protection Bureau (CFPB) is making headlines with its latest initiative to expand its regulatory purview over big tech and fintech services. The agency has made clear its intention to supervise larger nonbank companies, such as PayPal, that offer services akin to digital wallets and payment apps. This

NFTs | Nov 8, 2023 OpenSea, a leading NFT marketplace, has cut its workforce by 50% and is hosting a strategic retreat to refocus on OpenSea 2.0 amidst a significant downturn in the NFT market. The company, which was once valued at over $13 billion, has laid off approximately 50% of its staff, equating to

There's a loophole for parent borrowers shut out of student loan relief measures, but it's complicated, experts caution.

AI Innovation | Nov 8, 2023 OpenAI's first-ever developer conference unfolded a series of announcements that are not just updates but leaps towards an AI-powered future.  As the business world watched, OpenAI laid out a roadmap that's both ambitious and reassuring for developers, enterprises, and creators. Hundred Million Milestone ChatGPT has crossed the Rubicon with

Lab-grown diamonds have had an increased demand because of their similarity to natural diamonds. Experts, however, warn that their value will decline rapidly.

Social Security's funds may run out in the next decade, when 80% of benefits will be payable. Implementing certain changes now may help, a new report finds.

Nov 8, 2023 Whether you're in the market for a new vehicle or considering an upgrade, the decision to lease or purchase a car can significantly impact your finances. It's a choice that goes beyond personal preferences and extends to long-term financial stability. To help you make an informed decision, we've compiled six financial tips

Digital Assets | Nov 6, 2023 Digital assets, ranging from cryptocurrencies like Bitcoin and Ethereum to non-fungible tokens (NFTs) and central bank digital currencies (CBDCs), are redefining the boundaries of auditing and accounting. Types of Digital Assets The digital asset landscape is rich and varied, encompassing a range of assets that leverage blockchain technology for

Artificial Intelligence (AI) has played a pivotal role in shaping industries and redefining human capabilities. Generative AI, a subfield of AI, has garnered significant attention for its ability to create content, images, and even entire worlds. In this blog post, … Continue reading →

BNPL | Nov 7, 2023 Amazon is introducing a buy now, pay later (BNPL) option with partner Affirm, targeting small business owners who utilize Amazon Business, the e-commerce platform designed for company purchases. The Buy now, pay later service, which is expected to be available to all eligible customers by Black Friday, November 24, offers

Strong consumer spending boosted credit card balances to a new record high in the third quarter, according to the Federal Reserve Bank of New York.

While Gen Zers and millennials are perceived as having a hard time meeting financial milestones, "glimmers of optimism" stand out, according to a new report.

Treasury Secretary Janet Yellen on Tuesday announced IRS goals for the 2024 tax filing season. Here's what taxpayers can expect.

This is the time of year when most companies hold their open enrollment periods, during which employees decide on their benefits for the next 12 months.

$100 billion in residential real estate commissions paid by American homebuyers and sellers every year is up for grabs as legal pressures mount.