Money, Finance, Economy
Exploring global wealth trends, macro economics, personal finance, and wealth management. Discover breaking news and insights from top Thought Leaders across every industry.
All Stories
Disney and Reliance Industries to Merge Media Operations in India, Creating $8.5 Billion Behemoth
Walt Disney Co. and Reliance Industries Ltd. have signed an $8.5 billion deal to merge their media operations in India, creating a sector behemoth. The joint venture will have exclusive rights to distribute Disney content in India and will bolster Reliance's streaming platform.
IBM files patent for online fairness monitoring in financial AI models
IBM filed a patent application for online fairness monitoring in AI lending to weed out bias in financial machine learning models.
Investigation Reveals Musk Foundation Donations Benefited Business Interests
Elon Musk's charitable spending through the Musk Foundation appears to benefit his own empire, including his for-profit companies and personal interests. Despite generous promises, there are instances of unfulfilled pledges and controversies surrounding his philanthropic endeavors.
Reddit aims for $6.5 billion valuation in upcoming IPO
Reddit is looking to raise almost $750 million in an initial public offering of its common stock, with the IPO priced between $31 and $34 per share. The company plans to use the proceeds for general corporate purposes, taxes, and possibly acquisitions.
Reddit's IPO to Include Redditors and Moderators in Share Purchases
Reddit is preparing for an IPO, offering shares to Redditors and moderators. The IPO values Reddit at up to $6.4 billion, with potential risks of share-price volatility.
IRS Launches Direct File Program for Free Online Tax Filing
The IRS launches Direct File, a free online tax filing tool available in 12 states, aiming to simplify the tax filing process for millions of Americans and potentially replace commercial tax preparation software like TurboTax.