-
The 50-year mortgage, explained: what it is and how it works
In the recent news, the US government is exploring the 50-year mortgage plan. The idea is to make homeownership affordable for Americans in a time when mortgage rates are high and the supply of housing is low. A 50-year mortgage… Continue reading
-
Understanding the $38 billion Visa-Mastercard settlement
As part of the settlement of a lawsuit, Visa and Mastercard have agreed to a $38 billion deal with US merchants. What was the issue? Well, US merchants or sellers that accepted Visa or Mastercard as a mode of payment… Continue reading
-
Why companies sometimes split their stock
Netflix recently announced a 10-for-1 stock split. What that means is shareholders will receive 9 additional shares for each share they hold. 1 original share and 9 additional shares. So, 10 in total. Therefore, it’s called 10-for-1. Example: a shareholder’s… Continue reading
-
Why Meta’s profit dropped last quarter
Meta, the company behind products like Facebook, Instagram, and WhatsApp, just released its earnings for the last quarter. And guess what? The earnings for the quarter were down by 83% compared to the previous year’s earning for the same quarter.… Continue reading
-
A detailed guide to OpenAI’s new corporate structure
OpenAI recently restructured its corporate structure. Now, the new structure has the OpenAI Foundation as the non-profit arm that holds a controlling stake in the for-profit arm called OpenAI Group PBC. This restructuring is significant because OpenAI is behind ChatGPT,… Continue reading
-
How ultra-fast delivery services like Amazon Now work
Amazon just launched Amazon Now in the UAE. It’s an ultra-fast delivery service that delivers everyday essentials like groceries in 15 minutes. Well, to be clear here, ultra-fast delivery services (also known as Quick Commerce) aren’t anything new. Delivery essentials… Continue reading
-
What’s going on with Argentina’s currency
Argentina’s national currency, the peso, is collapsing fast. In 2020, 1 USD (US dollar) was equal to around 80 pesos. Fast forward to today, 1 USD is equal to around 1491 pesos. No, that’s not a typo. Compared to the… Continue reading
-
Why Zara is launching a resale platform
Zara, the world’s largest fashion retailer, has just released Zara Pre-Owned in the US, allowing you to sell and buy used Zara clothes. No, it’s not a separate platform. Instead, it comes integrated with Zara’s website and app. Users can… Continue reading
-
Why rising national debt puts the economy at risk
The U.S. national debt has surged to almost $38 trillion, the highest in history. And the interest associated with that debt has risen to almost $1 trillion a year. First, we need to understand the concept of national debt. Why… Continue reading
-
Can Southwest Airlines make a comeback?
Southwest Airlines announced its Q3 2025 earnings, which were higher than expected. Post the COVID-19 pandemic, Southwest Airlines has been struggling to get back on track. It’s an airline that changed the industry with its low-cost operations, which allowed it… Continue reading