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nci

How COVID-19 Shook Up the Finance World: Crypto and Traditional Assets

November 26, 2024

The COVID-19 pandemic has been a wild ride for all kinds of money, from digital currencies to gold. We looked at how the main cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin behaved during this time. We also checked out the fear index (VIX), gold prices, and the S&P500 stock market. Us

crypto

Is Selfish Mining Common in Cryptocurrencies?

November 26, 2024

Many cryptocurrencies rely on a system called proof-of-work. This means certain people, often called miners, solve complex math problems to validate transactions. It’s thought that this system is secure because miners are rewarded for following the rules. But there’s a worry that some miners might t

business

Macy’s Finds Hidden Expenses: A Surprise before the Holidays

November 26, 2024

Imagine this: Macy’s just found out someone hid up to $154 million in expenses over the last few years. This mistake was made by a single employee, now gone, who was in charge of accounting for small package delivery costs. The company found out while preparing quarterly results, which showed sales

crime

Menendez Brothers' Resentencing Pushed to January

November 26, 2024

A judge has postponed his decision on resentencing Erik and Lyle Menendez until January. He cited the need to review 17 boxes of documents and give the new district attorney time to weigh in. This delay dashed the family's hopes of having the brothers home for the holidays. The hearing was intended

crime

Subway Showdown: A Morning Ride Turns Violent

November 26, 2024

Imagine this: you're on your way to work, minding your own business, when suddenly, your knee accidentally brushes against the person next to you. Not a big deal, right? Wrong. For one New Yorker, this simple accident turned into a full-blown brawl. Alexander, a 42-year-old finance guy, was riding

business

Macy's Uncovers Hidden Expenses, Delays Earnings Report

November 25, 2024

Earlier this month, Macy's stumbled upon a significant financial hiccup. One of their employees, in charge of small package delivery expense accounting, had been intentionally hiding expenses. This sneaky maneuver led to an underreporting of costs, amounting to anywhere between $132 million and $154

finance

Barclays' Qatar Mess: What Happens When Banks Hide Details

November 25, 2024

Back in 2008, right in the middle of a global financial crisis, British bank Barclays was facing a serious issue. They desperately needed cash to dodge a government bailout. So, they reached out to investors from different parts of the world, with Qatar being one of them. It seemed like a wise move

business

Wall Street Breathes Sigh of Relief with Scott Bessent’s Treasury Nomination

November 25, 2024

Business leaders are letting out a collective sigh of relief after President-elect Donald Trump picked Scott Bessent to lead the Department of Treasury. Bessent, a 62-year-old hedge fund executive, faced some internal debates before securing the role. His global investment experience and bipartisan

celebrities

Celebrate Your Birthday by Focusing on Health and Finance

November 25, 2024

Today is a special day for many celebrities, including Christina Applegate who turns 53! It's a great time to think about your health and money. Don't let uncertainty scare you off, Aries. Plan ahead and you'll see progress. Taurus, take a moment to think things through before making big moves. Gemi

entertainment

New Role for Tianna Roberts: Boosting Global Co-Productions

November 25, 2024

Former Odin’s Eye Entertainment executive Tianna Roberts has joined Big Safari Productions and Creativity Capital in a dual role. At Big Safari, she will serve as Acquisitions and Co-Productions Manager, focusing on expanding the company’s reach into Canada, Australia, and New Zealand. Simultaneousl