April 7, 2021


Don’t Let China Mint the Digital Currency of the Future

Photographer:  Andrey Rudakov/Bloomberg via Getty Images

What is the money of the future? My nine-year-old son thinks it will be Robux. For those of you trapped in the human museum known as adulthood, Robux is the currency used by players of Roblox computer games. If I offer Thomas grimy dollar bills for household chores, he shows an almost complete lack of interest and motivation. But if I offer him Robux, it’s a different story.

The current exchange rate is around 80 to the dollar. So, in order to

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Don’t Let Financial Regulators Dream Up Climate Solutions

Financial regulators are rushing to take on climate change. In its latest Financial Stability Report, the Federal Reserve states that it is investigating

the full scope of implications of climate change for markets, financial exposures, and interconnections between markets and financial institutions. It will monitor and assess the financial system for vulnerabilities related to climate change through its financial stability framework. Moreover, Federal Reserve supervisors expect banks to have systems in place that appropriately identify, measure, control and monitor all of their material risks, which for many banks are likely to extend to climate risks.

The Fed formally joined

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Do you have a business idea, but don’t know how to start? Incubate your idea online. There is a scholarship for you

If you are one of those who still believe that a good business starts with a good idea, apply your idea to the last generation of the Incuba program to make it come true.

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3 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.

Do you have a business idea, but don’t know how to start? Create the business plan of your company, from

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Personal finance influencers, TV gurus don’t understand poverty

  • “I don’t believe in stimulus checks,” Dave Ramsey, popular radio host and personal finance author, said a few weeks ago.
  • Like other conservative personal finance influencers, Ramsey doesn’t understand poverty. 
  • Their advice doesn’t work for people with low income, and they cast moral judgement on those who are struggling financially. 
  • Bobbi Dempsey is a freelance writer and an economic justice fellow at Community Change. 
  • This is an opinion column. The thoughts expressed are those of the author. 
  • Visit the Business section of Insider for more stories.

When Dave Ramsey, the popular personal finance author and radio show host, spoke out

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Don’t Pay Tax Penalties on Money You Took From Retirement Accounts

If you’re using tax preparation software, the document should print out with the word “rollover” entered next to the zero, Mr. Slott said. Someone completing a paper form would need to write in the word “rollover.” That will treat the withdrawal as a nontaxable event. (Usually, R.M.D.s aren’t eligible for rollovers, but the I.R.S. made an exception for 2020.)

Some clients who returned their R.M.D.s have had pleasant surprises on their tax returns, Ms. Costa said. Because their taxable income is lower than it would have been, some were able to deduct medical expenses or even qualify for the federal

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The Mobile Finance Apps That Banks Don’t Know Their Customers Use


A new study from Cornerstone Advisors found that 76% of smartphone owners use mobile apps to manage their finances from fintech companies like Robinhood, PayPal, and Credit Karma.

Not surprisingly, generational differences in usage are significant: 93% of Gen Zers and Millennials (21 to 40 years old) use mobile financial apps, 81% of Gen Xers (41 to 55 years old) are fintech users, and even 56% of Baby Boomers use at least one mobile app to help them manage their financial lives.

Consumers’ Shadow Financial Lives

Bankers may be

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