Finance

Social Security Acting Commissioner Michelle King was replaced by Leland Dudek after she clashed with Elon Musk's DOGE over access to sensitive records of Social Security recipients.

Elon Musk shared data that over 20 million people over the age of 100, including many who are dead or never existed, could be receiving Social Security payments.

Based on his interactions on X, including with Senator Rand Paul, Elon Musk will likely push DOGE to audit US gold reserves, with a focus on Fort Knox.

Michael Burry trimmed his stake significantly in Alibaba Group Holdings and JD.com in Q4 2024 due to prolonged volatility in China's stock markets before the DeepSeek AI rollout.

MicroStrategy co-founder Michael Saylor sees spot BTC ETFs, bank custody of BTC and debt against it, and the fair value accounting for BTC on company balance sheets as key drivers of his price predictions.

Attorneys on behalf of 26 current and former USAID workers filed a lawsuit in Baltimore federal court, seeking a court injunction to stop Musk from completely uprooting the agency without formal Senate confirmation.

After a slump in the crypto market due to a hotter-than-expected inflation print, crypto prices rebounded, especially the Ripple XRP token, after the US SEC acknowledged Grayscale's application for an XRP ETF yesterday.

Fabrics retailer Joann is closing over 500 of its 800 US stores as management filed for bankruptcy for the second time and looks to sell the company to a potential suitor.

Warren Buffett's Berkshire Hathaway continues to increase its stake in Occidental Petroleum, recently purchasing 763,017 shares despite the stock price falling over 30% from its record high in April 2024.

Jan3 CEO reiterated his Bitcoin forecast, citing factors such as national adoption, sovereign debt issuance, and accelerating hyberbitcoinisation.

Elon Musk's DOGE is yet to prioritise advancing laws that ban Congressional trading as politicians like Nancy Pelosi continue to reap massive investment profits in a relatively short span.

Elon Musk said massive fraud in federal entitlements, including Social Security and Medicaid, exceeds the combined sum of every private scam.

US Representatives Stephen Ross, Mark Brody, Mike Schietzelt, and Destin Hall introduced the NC Digital Assets Investments Act, which allows the state treasurer to invest in qualified digital assets to create a reserve fund.

Early traders likely pumped the price of the Trump meme coin by purchasing massive quantities at low prices before dumping them in days as less experienced investors joined the rally.

Female invest co-founder Anna-Sophie Hartvigsen tells us about what it takes to be a good investor and shares tips about financial wellness.

Jeff Bezos' Earth Fund halted funding for the Science Based Targets Initiative (SBTi), while Amazon secured a consultancy deal with the UK Ministry of Defence to lead a study on advanced space-based communications systems.

Donald Trump's new 25% tariffs on US metal imports will impact countries like Canada, Brazil, and Mexico the most.

Mark Cuban believes that clearing debt and smart shopping can help build savings that can be invested in low-cost index funds for long-term wealth creation.

The Chicago Board Options Exchange submitted multiple applications to the SEC, seeking approval to list and trade spot XRP ETFs issued by Bitwise, 21Shares, Canary, and WisdomTree.

Warren Buffett continued to increase his stake in the satellite streaming and radio company as it grew the podcasting business and ramped up its customer base through in-car services in Tesla and Rivian EV models.

X's improving 2024 EBITDA, major advertisers like Apple mulling a comeback to the platform, and Amazon ramping ad spending led investors to buy £4.41B of 2022 debt used by Musk to take over the social networking platform.

Investors can explore venture capital trusts, which are listed firms that raise money to invest in innovative and privately owned companies with future potential.

Buffett increased Berkshire Hathaway's SiriusXM holdings to 119.77 million shares worth over £2.25 billion as the radio satellite company prioritises strategic capital allocation and returns value to shareholders.

Bill pays £9,681 on two mortgages and donates between £6,454 and £8,068 to charities every month. He called the Dave Ramsey Show for guidance on how to reduce uncontrollable spending as the US couple battles with lifestyle creep.

Investigation revealed that launching celebrity meme coins has become a way for insider token holders to dump their holdings when prices surge upon rollout, causing investors massive losses.

DeepSeek AI model estimated that XRP prices could reach £482 in the next three to five years, given that all optimistic factors around the Ripple token convert.

IBM's stock price jump on 30th January was the biggest one-day percentage gain ever recorded in the company's history on the back of strong Q4 2024 results boosted by AI revenue.

The IRS claims that taxpayers who e-file taxes can expect refunds within 21 days. The timeline could stretch to eight weeks for filers who mail paper returns.

US tech companies are scrambling to enhance their AI models amid the rise of cost-effective Chinese alternatives with similar computing power.

Trump's plan to freeze funding could impact various healthcare, education, infrastructure, food assistance, and federal student aid programmes.