Child Tax Credit Roll Out Begins
Many Americans celebrated this week, as child tax credits began to hit mailboxes nationwide. In the past, only those who earned enough to owe income taxes were eligible for the credit, but that shifted with the Biden administration’s $1.9 trillion American Rescue Plan passed by Congress in March. The change is long overdue. According to …
Britain Bans Binance
Britain’s Financial Conduct Authority (FCA) has banned the affiliate firm Binance Markets Limited (BML) from operating in the United Kingdom, according to Reuters. The Cayman Islands-based cryptocurrency exchange is among the largest in the world. News of it follows a similar trend of crypto crackdowns in other major global markets. Binance was already in the …
Reddit vs. Wall Street in the Tug of War with Game Stop Stocks
It’s day four of the battle between Reddit users and Wall Street over GameStop stock. When the Chewy co-founder and former CEO Ryan Cohen joined GameStop’s board earlier this month, the stock jumped in the hope that he would bring in a wave of change. This stock gain thus ushered in hedge funds and traders …