April 19, 2021

financial

Covid-19 prompted new financial aid to Americans. Could it continue?

Halfpoint Images | Moment | Getty Images

Millions of Americans have received some form of financial support from the government to help them get through the Covid-19 pandemic.

The coronavirus has prompted the federal government to send three sets of stimulus checks, increase federal unemployment benefits and extend the duration and eligibility of those benefits, provide forgivable loans to small businesses and implement new tax credits for families.

It started with the CARES Act that Congress approved in March 2020, and continued with follow-up legislation in December and American Rescue Plan Act that was put through in March.

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Students take up the cause to push for more financial education

As financial literacy advocates push for more personal finance education in schools, students are also joining the cause.

Only 21 states require personal finance coursework to graduate high school, with just a handful mandating a stand-alone class, according to the Council for Economic Education. Yet research shows that those who have some financial education typically have lower credit card balances, higher credit scores and take out smaller private loans for college.

“The economy has been fluctuating up and down,” said 15-year-old Zoe McCall. “We need to know these things.”

The high school sophomore lives in Maryland, one of the

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Apple launches $200 million forestry fund it says will bring financial return for investors

Apple has created a $200 million fund designed to remove carbon emissions from the air and support the sustainable forestry the company uses to package iPhones and more. Yet the fund will still generate a financial return for investors.

Called the Restore Fund, the effort launched with Goldman Sachs
GS,
+1.11%,
who’ll run the investment portion, and nonprofit Conservation International, aims to remove 1 million metric tons of carbon dioxide from the atmosphere each year. That’s equivalent to more than 200,000 passenger cars annually, Apple
AAPL,
-0.25%
said this week.

The project is also meant to show other for-profit

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3 Obstacles Getting in the Way of Your Financial Independence

Struggling to chart a course to financial freedom? These three obstacles may be getting in your way. Here’s how you can navigate around them.

Financial independence: the ultimate goal of many an adult on the planet. But while gaining financial independence is high up on the to-do list for a lot of people, the route you need to take to get there isn’t always cut and dried.

Financial freedom has a different meaning for each person. For some, it means making enough to support a family. For others, it means a life free of credit card bills and mortgage payments.

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How much money should I spend on Coinbase stock? Financial advisers offer guidance to young investors

There’s investing with “play money” and then there’s playing with fire.

As Coinbase, the cryptocurrency exchange, goes public, financial advisers want you to remember the difference.


With retail investor ranks swelling, there’s growing allure in finding and profiting off the next new thing.

Enter Coinbase
COIN,
+5.96%,
a platform with 56 million verified users that enables the purchase and sale of crytpocurrencies such as Bitcoin
BTCUSD,
-3.13%
and Ethereum, which appear to just keep increasing in value.

When Coinbase shares hit the market Wednesday afternoon, they were initially priced at $381. Within the first hour of trading,

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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

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