April 15, 2021

Day: April 15, 2021

Jack Ma’s Ant Group to become financial holding company

China’s Ant Group, the fintech giant whose $37 billion initial public offering was derailed by risk-wary regulators days before it was due to list in November, will restructure as a financial holding company, the country’s central bank said on Monday.

The overhaul comes two days after e-commerce giant Alibaba, of which Ant is an affiliate, was hit with a $2.75 billion antitrust penalty as China tightens controls on the “platform economy.”

Under terms of the settlement, Ant will restructure as a financial holding company, a move that, along with other restrictions announced on Monday, is expected to curb its profitability

Read More

Demystify Your Finances in One Month With the Master Your Money Bootcamp

Ask just about any personal finance expert how to start taking control of your money and they’ll give you the same advice: Figure out where your money goes.

It’s a lot harder than it sounds.

Have you ever left a bill unopened, to deal with it later? Are you 100% sure which subscriptions are charging you every month? Which of your debts has the highest interest rate? Quick, off the top of your head: How much money do you have in cash savings?

Chances are, you can’t answer some of these questions without a good deal of password-finding, terms-reading, and

Read More

Pills And Productivity: A Personal Perspective

For personal and professional reasons, I’ve spent a lot of time thinking about addiction in the last year. I’ve talked to recovered addicts, counselors, people who run treatment centers. I’ve been all over Reddit. And I’m still not totally clear on what the difference is between being an addict and just being someone who uses drugs and alcohol to deal with stress. I wanted to talk to someone who might be grappling with that same question. Someone who had watched their relationship to substances spin out of control during the pandemic.

That’s how I found Kelsey. Kelsey’s not her real

Read More

Manufacturers embrace robots, the perfect pandemic worker

Automation and digitization were already spreading to more factory floors and job sites. Then the pandemic hit.

“It was trial by fire as we went through Covid,” said Mark Bulanda, executive president of automation solutions for Emerson, a manufacturer of systems that automate factory processes.

“Not because of Covid, but because the exodus of people forced the adoption of tech.”

The latest jobs report shows the manufacturing sector grew at its fastest level since the pandemic began, jumping by 50,000 positions. However, there are still about half a million fewer employed manufacturing workers than there were a year ago. The

Read More

Business leaders urge Biden to set ambitious climate goal

WASHINGTON (AP) — More than 300 businesses and investors, including such giants as Apple, Google, Microsoft and Coca-Cola, are calling on the Biden administration to set an ambitious climate change goal that would cut U.S. greenhouse gas emissions by at least 50% below 2005 levels by 2030.

The target would nearly double the nation’s previous commitment and require dramatic changes in the power, transportation and other sectors. President Joe Biden is considering options for expected carbon reductions by 2030 ahead of a virtual climate summit the United States is hosting later this month.

The so-called Nationally Determined Contribution is a

Read More

Utah Woman’s Life Insurance Claim Goes Unpaid Despite Paying Premiums

SALT LAKE CITY, Utah — One Utah woman was paying the premiums on her life insurance policy, so why did the insurance company tell her family the policy was no good after she passed away?

Shaela Savage died in October of 2019, one day after giving birth to a son.

Devastated, her parents took in their grandson and tried to claim the $150,000 voluntary life insurance policy for which Savage had signed up at work.

Her mother, Kari Escher, said it was a glimmer of hope in the midst of unimaginable tragedy.

“We’re going to be able to provide for

Read More