LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced LIBOR in 2023, using actual market data. The change affects some mortgages and loans but makes the financial system safer. LIBOR once served as the foundation of global lending, affecting everything from credit cards to corporate loans. For over 30 years, these benchmark interest rates determined borrowing costs for consumers and businesses worldwide. In 2023, regulators finally ended this system after uncovering widespread manipulation that cost borrowers…
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Dollars and Sense: a new personal finance book is out just in time for tax season – CBS Baltimore Watch CBS News Michele Cagan, author, shares her new book “Personal Finance In Plain English” with us and breaks down financial terminology in a way readers can apply to their lives daily. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Stellantis, one of Europe’s largest car manufacturers, has announced plans to continue purchasing carbon dioxide (CO₂) emission credits from Tesla in 2025. This decision comes after new EU rules: Starting in 2025, automakers can average their emissions over three years, until 2027. This policy change gives automakers more flexibility to meet emission targets. However, Stellantis is still committed to using Tesla’s carbon credits to meet environmental standards. The decision shows the challenges of moving to electric vehicles (EVs) and highlights the need to balance rules with business plans. Understanding Carbon Emission Credits CO₂ emission credits are an essential part of…
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company’s Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesCoreWeave shares rallied more than 30% on Tuesday, bouncing back above its initial public offering price after a lackluster second trading day on the public markets.Shares of the artificial intelligence cloud company, which rents out access to Nvidia’s graphics processing units to other technology companies, dropped more than 10% on Monday and fell…
India and Japan are finalizing a Joint Crediting Mechanism (JCM), a bilateral framework that will allow both nations to share emission reduction credits, Policy Circle has reported.Expected to be formalized within the next two months, this initiative aims to accelerate decarbonization efforts while lowering clean energy costs in India and helping Japan meet its climate commitments.Under the JCM, Japanese companies will invest in and deploy advanced carbon-reduction technologies in India.In return, Japan will receive carbon credits that can offset its emissions or be traded within its national carbon market.The initiative falls under Article 6.2 of the Paris Agreement, ensuring internationally…
Professional Staffing & HR Solutions Stocks Q4 Recap: Benchmarking First Advantage (NASDAQ:FA) Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at First Advantage (NASDAQ:FA) and the best and worst performers in the professional staffing & hr solutions industry. The Professional Staffing & HR Solutions subsector within Business Services is set to benefit from evolving workforce trends, including the rise of remote work and the gig economy. With companies casting a wider net to find talent due to remote work, the expertise…
The price of gold recently surpassed $3,000 per ounce for the first time in history. For perspective, gold was around $1,185 per ounce in 2013 and just $265 per ounce in 2000. The price has increased more than tenfold in the last 25 years and is up even more in foreign currency terms, owing to the strength of the dollar. Yet the average portfolio has a negligible amount of gold in it, despite it performing similarly to stocks over time. Gold is often thought of as an inflation hedge, but that idea doesn’t always hold up. In 2022, when inflation…
EFM, a forest investment and management firm, has signed a long-term deal with Meta. They will provide 676,000 carbon removal credits by 2035. This agreement will transform 68,000 acres of forest on Washington’s Olympic Peninsula to “climate-smart management”, removing over one million tonnes of carbon emissions in the next ten years. Bettina von Hagen, CEO from EFM, expressed herself by saying, “This long-term contract enables us to manage forests for their greatest value to society—producing high-quality timber, creating diverse, healthy habitats for wildlife and recreation, and collaborating with tribes to restore salmon populations—all while significantly increasing carbon storage. We’re deeply…
EFM, a forest investment and management firm, has signed a long-term deal with Meta. They will provide 676,000 carbon removal credits by 2035. This agreement will transform 68,000 acres of forest on Washington’s Olympic Peninsula to “climate-smart management”, removing over one million tonnes of carbon emissions in the next ten years. Bettina von Hagen, CEO from EFM, expressed herself by saying, “This long-term contract enables us to manage forests for their greatest value to society—producing high-quality timber, creating diverse, healthy habitats for wildlife and recreation, and collaborating with tribes to restore salmon populations—all while significantly increasing carbon storage. We’re deeply…
FILE PHOTO: Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., February 21, 2025.Curtis Means | Via ReutersAttorney General Pam Bondi on Tuesday said she had ordered federal prosecutors to seek the death penalty in the case against Luigi Mangione for the December slaying of UnitedHealthcare CEO Brian Thompson in New York City.”Luigi Mangione’s murder of Brian Thompson — an innocent man and father of two young children — was a premeditated, cold-blooded assassination that shocked America,”…