The clarion call from House Republicans to extend and expand the Section 199A QBI deduction evokes images of a thriving entrepreneurial ecosystem. Yet, beneath this alluring narrative lies a stark reality—this initiative is naught but a deceptive smokescreen designed to benefit the well-to-do. If small business owners, freelancers, and gig economy workers were genuinely the
In a dramatic turn of events, China’s electric vehicle (EV) market, once heralded as a beacon of innovation, is witnessing an unsettling moment of truth. Industry titan BYD has unleashed aggressive price cuts that could potentially shake the foundations of not only the domestic market but also reverberate throughout the global automotive industry. Seriously steep
In the murky waters of American finance, where governmental oversight often collides with corporate ambition, the recent partnership between Fannie Mae, a quasi-governmental entity, and Palantir Technologies, a defense tech giant, raises disturbing questions about the intersection of private profit and public service. Announced at a press event, the goal is ostensibly noble—using advanced artificial
In an audacious move that has sent ripples through the financial world, GameStop, the once-battered video game retailer, announced its acquisition of 4,710 bitcoins valued at over half a billion dollars. This monumental gamble, echoing the controversial strategies of tech firm MicroStrategy, raises questions about the motivations behind such a plunge into the volatile crypto
In a recent move that has sent shockwaves through the financial community, the Trump administration has decided to ease regulations surrounding 401(k) plans regarding investments in cryptocurrencies and related digital assets. By withdrawing precautionary guidelines established by the Biden administration, the Labor Department appears to be signaling a one-size-fits-all approach to investment strategies that seemingly
In the ever-evolving realm of fintech, Starling Bank has stumbled, revealing deep-seated vulnerabilities and a concerning trajectory. With a reported profit before tax of £223.4 million for the fiscal year ending March 31, 2025, the bank has seen its profits fall drastically—down nearly 26% from the previous year. Despite a slight increase in revenue, which
Okta, the identity management software provider, has recently reported earnings and revenue that, on the surface, appear impressive, yet the reality beneath points to an unsettling narrative. With an earnings-per-share (EPS) of 86 cents, surpassing the expected 77 cents, and revenue at $688 million—exceeding forecasts of $680 million—the company’s figures might initially seem to paint
JPMorgan Chase is stepping into the spotlight, attempting to redefine how wealth management is perceived among America’s elite. No longer is it about flashy advertisements or enticing rates; instead, the firm is leaning on the age-old architectural charm of physical bank branches, imbuing them with a luxurious ambience that invites affluent clients to engage on
Nvidia, once basking in the glow of extraordinary revenue growth stemming from insatiable demand for its graphics processing units (GPUs), now finds itself at a crossroads. The company has consistently been a darling of Wall Street, driven by the meteoric rise of artificial intelligence and machine learning. However, with geopolitical tumult taking center stage—specifically, tensions
Circle, the innovative issuer of the USDC stablecoin, has not only made waves in the cryptocurrency sector with its digital dollar but is now preparing to plunge into the tumultuous waters of the public market. With an audacious initial public offering (IPO) on the horizon, Circle aims to rake in approximately $624 million, laying the