Modern Synthesis is making compostable materials that last a lifetime
Jen Keane’s claim to fame is that she grew a shoe using bacteria, coaxing the microbes to deposit their nanocellulosic materials in the shape of a sneaker. But she’s kind of over that. “I feel like that sort of misses the point,” she told TechCrunch. “The fiber produced by bacteria — like, that’s not a […]
Stripe makes $1.1 billion crypto bet as it closes on Bridge acquisition
Stripe has closed on its $1.1 billion purchase of stablecoin platform Bridge – marking the payment giant’s largest acquisition to date and tangible push into crypto. Co-founded in 2022 by Coinbase and Square alumni Zach Abrams and Sean Yu, San Antonio, Texas-based Bridge built an API that helps companies accept stablecoins. The pair raised $58 million from investors such […]
Google ad change could affect millions of small businesses
Google is changing the way its Google Local Services ads work, which could affect millions of small businesses. Google Local Services ads run locally and are a big way that small businesses market their goods and services. Ads appear on the top of Google search results. Starting Nov. 21, only businesses with a verified Google […]
What changes should small businesses be aware of for 2025?
For small businesses, the biggest change in the new year will be the arrival of a presumably more business-friendly administration in Washington. But there are other shifts owners should keep on their radar. Among them: changes to state-level overtime and minimum wage rules, the delayed federal FinCEN registration, taxes on payments from third-party providers like Venmo and […]
As small businesses face fire devastation and try to get back on their feet, a variety of aid exists
The fires in California have been devastating for many small business owners and others who saw their homes, businesses or livelihoods go up in smoke. Raquel “Rockey” Smeir startedMy Friends Café in Sierra Madre, California, in 2021. While the fires spared her building, she dealt with power outages, the mandatory evacuation in the area of staff, customers […]
The U.S. is the top country for millionaires and billionaires
The U.S. has rapidly overwhelmed China as the world’s top spot for millionaires and billionaires, according a new report. There are now more than 5.5 million Americans with liquid investible assets of more than $1 million, up 62% over the past decade and well above the global growth rate of 38%, according to the 2024 […]
Gen X stands to gain the most wealth from the $84 trillion wealth transfer
Generation X may be the biggest beneficiary from the $84 trillion Great Wealth Transfer in the next 10 years, according to a new study. While millennials and members of Generation Z are expecting the biggest inheritances in the coming years as baby boomers pass down their fortunes, Gen Xers will likely get the largest windfalls in the near term. According to […]
The UAE is set to be the No. 1 ‘wealth magnet’ in the world, new report shows
The United Arab Emirates is set to be the world’s leading wealth magnet for the third year in a row. That’s according to new research by Henley Private Wealth Migration Report. The tiny Gulf nation is expected to see an unprecedented net inflow of 6,700 millionaires from around the world by the end of 2024, according […]
Billionaires Timothy Mellon and Mike Bloomberg inject massive sums into 2024 super PACs
Wealthy businessman Timothy Mellon and former New York Mayor Michael Bloomberg wrote huge, eight-figure checks in July to support major Republican and Democratic super PACs, respectively, gearing up for the 2024 election. Mellon, who donated $50 million in May to Make America Great Again Inc., the super PAC that supports former President Donald Trump’s presidential bid, doubled down last month with […]
Wealthy millennials and Gen Z are redefining philanthropy
Wealthy millennials and Gen Zers are redefining the world of charitable giving, seeing themselves more as activists than donors, according to a new study. Wealthy donors under the age of 43 are more likely to volunteer, fundraise and act as mentors for charitable causes rather than just give money, according to a new survey from […]
