Home Depot co-founder, 93, slams ‘awake’ business leaders and ‘lazy’ office workers

The 93-year-old co-founder of Home Depot has attacked the current generation of business leaders for prioritizing “wake up” issues over shareholders and employees. Bernie Marcus, valued at more than $5 billion by Bloomberg, said he was dismayed to see the world’s business leaders gather in Davos this year and call for investment in causes that … Read more

Best mortgage deal today? Twenty-year interest rates fall by more than a quarter of a percentage point | February 1, 2023

Our goal here at Credible Operations, Inc. , NMLS Number 1681276, and referred to as “Credibility” below, is to provide you with the tools and confidence you need to improve your financial standing. Although we promote products from our partner lenders who compensate us for our services, all opinions are our own. Check out the … Read more

Foreign funding in local startups is now subject to an ‘owner tax’

credit: 123RF.com Indian startups that raise capital from foreign investors such as Sequoia Capital, SoftBank, Prosus, Tiger Global, Carlyle, KKR and Blackstone will now have to pay an ‘owner tax’, a move that may not only negatively affect financing but also More startups to locate abroad. Announcing the federation’s budget on Tuesday, the finance minister … Read more

The White House is tapping Lyle Brainard and Jared Bernstein as top economic advisors

Lyle Brainard, Vice Chairman of the US Federal Reserve, before being sworn in during a ceremony in Washington, D.C. on Monday, May 23, 2022. Drago | bloomberg | Getty Images The White House is likely to appoint Fed Vice Chairman Lyle Brainard to run the National Economic Council and Jared Bernstein to lead the Council … Read more

Stocks have been mixed after the recent Fed rate hike

US stocks were mixed Wednesday afternoon after The Federal Reserve announced its latest interest rate hikea move that raised the Fed’s benchmark interest rate to the highest level since October 2007. In its statement, the Fed noted inflationary pressures but said that inflation “remains elevated” as price pressures have been shown to persist throughout the … Read more

El Obour raises $10M to simplify investor onboarding • TechCrunch

Tim Flannery, Alex Laplante, and Ben Doran were working together on the Investor Services team at Karta when they realized that saving money to invest in startups was a taxing process (no pun intended). It required manually creating subscription agreements—the agreements that investors fill out to invest in a fund—by aggregating unstructured data across different … Read more

More oil is coming

President Biden spent much of 2022 urging American and foreign energy providers to produce more oil and natural gas. He finally got his wish – though not exactly where he expected. A new analysis by consultancy Wood Mackenzie finds that worldwide fossil fuel exploration in 2022 is at the highest levels in more than a … Read more