#FINANCIAL_LITERACY

Researchers found traces of Xinjiang cotton in T-shirts and shirts made by Adidas, Puma, and Hugo Boss. The move appears to contradict German clothing brands’ promise of revising supply chains following the allegations of forced labor in China.

Connection: Human rights violations and clothing brands

Cotton from the region of Xinjiang contributes to over 80 percent of China‘s cotton production. Additionally, it amounts to almost a fifth of the world’s production. However several reports re...

Although a 1% depeg from $1 isn’t unusual for stablecoins when markets are under pressure, in the case of UST, it’s been more than 16 hours.

Terra’s native token, LUNA, since yesterday has plummeted about 10% to $65.80 on fears that Terra’s stablecoin UST, propped up mainly by LUNA, may lose its peg.

Stablecoins are cryptocurrencies pegged to fiat currencies such as the U.S. dollar on a 1:1 basis. Depegging refers to stablecoins going above $1 or, more commonly, below $1.

UST fell as low...

Bitcoin began sliding amid hawkish comments from the U.S. Federal Reserve on Wednesday, which also brought down traditional markets

Bitcoin fell below $35,000 on Sunday morning after declining almost 4% over the past 24 hours and nearly 9% over the last seven days. The market cap of the largest cryptocurrency tumbled to $658 billion, according to CoinMarketCap data. On March 28, that figure stood at more than $900 billion.

The downward pressure began after the Federal Reserve announced it would...

Iconic fashion brand Gucci will begin accepting cryptocurrency in some of its U.S. locations later this month, with plans to roll out the program to other North American stores this summer.

According to Vogue Business, in-store payments will be made using a QR code that customers can scan with their crypto wallet, sent by Gucci via email. The stores will accept various digital currencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Shiba Inu.

The first locations to accept...

Italian luxury brand Gucci is going to start allowing customers to pay using a range of cryptocurrencies. The brand is joining several other firms that are opening themselves to virtual currency. The service will be rolled out later this month at flagship stores including Wooster Street in NYC and Rodeo Drive in LA. Cryptocurrencies including Bitcoin, Litecoin, and Ethereum will ...

The real estate investment platform Arrived Homes had its latest batch of rental properties scheduled to be released at 11:00 AM EDT today, but the rush of new investors eager to buy shares of the new properties caused the website to crash just minutes after the launch.

The company launched 13 new properties, ...

Kevin Hart may be ready to conquer a new industry.

According to a press release, the entertainer and businessman teamed up with tequila producer Juan Domingo Beckmann to launch a new tequila brand, Gran Coramino™.

The pair merged Beckmann’s knowledge of the tequila industry with Hart’s drive to produce top-quality tequila in hopes of creating community.  Now, the entrepreneurial venture, which was two years in the making, has led to a “perfectly smooth and uniquely balanced Reposado Cri...

Rick Ross has some questions for crypto-millionaires.

“That’s the thing about Rick Ross — that’s the thing about the bawse,” he said in a recent Instagram story. “The metaverse. Crypto. Y’all gettin’ so much money, where you at? Where you at? Show us! And I don’t mean ‘I’m tryna get money.’ Yo, man, I got a lot of money … But show us. Show my homies what the metaverse [is] about. Y’all big boy crypto dudes! … All that fake rich money, where it’s at?”

Check out ...

Viral Shah

Brand Contributor

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NFTs are the bright, shiny objects capturing the attention of brands today. Here is a look at what NFTs can really offer your brand with lessons informed by real-world examples.

Non-fungible tokens (NFTs) are the newest tool demonstrating how value and currency as concepts are evolving through the digital age. And many companies are already taking notice—cementing their positio...

Teladoc stock imploded by 48% on Thursday after the tele-health company reported first-quarter results that included a massive loss and weaker 2022 guidance.

The company reported a loss of $41.58 per sha...

Doing a money challenge is a good way to build your savings.

Some money challenges are effective, but hard for most people to complete due to the significant amounts of money required toward the end of some challenges. By starting small with your saving habit, you can save a nice chunk of change without having to come up with prohibitively large amounts of money to stay on track.

Money challenges can be fun and motivating. If you have trouble saving money, ...

Manhatt...

Marijuana companies Akerna Corp., Green Thumb Industries Inc., Verano Holdings and Surterra Holdings Inc. have successfully monopolized the Illinois-branded marijuana market, from cultivation to manufacturing to retail dispensaries...

• For this jackpot, the cash option — which most winners choose instead of an annuity — is $271.9 million.
• Experts recommend that big lottery winners take steps right away to protect their windfall.
• Here are some tips if you manage to beat the odds and land the top prize.

If you play Powerball, there's a good chance you've daydreamed about how you would spend the money if you hit the jackpot.

With the lottery game's top prize at an advertised $454 million for Wednesday night's drawing, you may ...