Tag: investments

The number one thing you need to do if you want to retire comfortably

Living out your golden years should not be a struggle.

“The Ramsey Show” co-host Jade Warshaw revealed the key to “thriving, not just surviving” in your later years in an interview with “The Big Money Show” Monday.

“It’s so important to make sure that you’re planning for your own social security by investing on your own,” she stressed.

The expert hit on the need for diversification for investing in the markets and the utilization of other retirement benefits to maximize financial security in retirement.

“We suggest investing 15% of your gross monthly income into things like 401(K)s, Roth IRAs, because Social Security is only going to pay 40 percent of what you’re used to earning, and that’s if it’s still around,” she said.

Social Security benefits for Americans could be cut by 20% as soon as 2034 if no changes are made to the system, according to the Treasury’s annual trustees report.

A growing number of Americans are struggling to save for their future, with Forbes reporting the median U.S. household is $470,000 short of what they need to retire comfortably.

Warshaw suggested those who have reached 62 years of age should begin taking Social Security even if they don’t need it and invest it until they do.


Experts say this is the number one thing you need to do for a comfortable retirement.

“That will get you a better rate of return, certainly higher than 2%,” she explained.

FOX Business’ Kristen Altus contributed to this report.

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Crypto Firms Bagged $2.6 Bln in 2023 Q1 Investments, Number Down by 78 Percent from 2022: Pitchbook

A total of 353 funding rounds fetched $2.6 billion (nearly Rs. 21,390 crore) towards start-ups working in the crypto sector in the first quarter of 2023, between January and March. Interestingly, the figures of both, the investment rounds and the capital raised, have shown a decline of 78 percent and 64.4 percent, respectively, from last year’s first quarter. This shows that the crypto sector still remains appealing enough for venture capitals to pour hefty finances in related companies, but the slowed-down second half of 2022 has affected incoming funding into the sector.

PitchBook, a finance-focussed research firm, in its recent report claimed that the first quarter of 2023 became the fourth consecutive quarter of declining investment activity. This essentially means that between April 2022 and March 2023, fundings directed towards crypto-related projects have remained low in comparison to previous years.

“After the collapse of FTX and a wobbly few months of fluctuating valuations, crypto has stabilised. But Q1 2023 also marked the lowest amount of capital invested in the vertical since Q4 2020,” the report said.

In the second half of 2022, over $200 billion (roughly Rs. 16,33,290 crore) was wiped off the global crypto market after promising projects like Terra and FTX collapsed due to liquidity crunches.

In the aftermath of these project downfalls, indirect impacts affected the traditional crypto-friendly banks in the US as well.

Since 2021, the valuation of the crypto sector has also fallen from its highest point of $3 trillion (roughly Rs. 2,46,86,250 crore) to its current capitalisation of $1.14 trillion (roughly Rs. 93,54,177 crore), as per CoinMarketCap.

The ups and downs in the crypto market, constant hack attacks and scam fears along with the lack of regulations to govern the sector are among major reasons why the industry lost its financial stronghold in recent years.

The 2023 Q1 investments have spiked by 33 percent in crypto startups as compared to the same month frame last year.

PitchBook’s report has highlighted that late rounds of investments grew by a whopping 209 percent between January and March this year, as compared to the same time last year.

“That number may be skewed due to a lack of disclosure on down rounds,” the report explained.

The chances of bagging an investment is still high for crypto firms, especially those working around privacy, data management, and security for Web3 protocols.

Several companies have launched investments pools in past months in order to incubate a lucrative crypto ecosystem.

Bitget, a Seychelles-based crypto exchange, for instance has decided to invest $100 million (roughly Rs. 819 crore) in promising Web3 initiatives emerging from Asian nations.

Companies like Solana, Binance, and Animoca among others are pouring heavy funding in Web3.

Google I/O 2023 saw the search giant repeatedly tell us that it cares about AI, alongside the launch of its first foldable phone and Pixel-branded tablet. This year, the company is going to supercharge its apps, services, and Android operating system with AI technology. We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Bill Gates aims to fight climate change by stopping cows from burping

If you didn’t think that solving how to stop cows from burping is a million-dollar idea, well, Bill Gates apparently does.

The Microsoft co-founder and billionaire has reportedly backed an Australian-based startup looking to stop cows from burping methane emissions, pouring funds into research around livestock food supplements.

According to a press release, Gates’ firm Breakthrough Energy Ventures, with participation from Harvest Road Group, raised $12 million for Rumin8, a climate technology company.

Rumin8 studies solutions to reducing livestock emissions, and their latest initiative identifies “anti-methanogenic properties” that can be produced efficiently and for a low cost to eventually feed to livestock.

The dietary supplement is synthetically replicated from an active ingredient found in red seaweed called bromoform, which prohibits the creation of methane.

Rumin8’s latest round of investments aims to build brand development and move the supplement toward commercialization, the press release states.


Rumin8’s latest initiative identifies “anti-methanogenic properties” that can be produced efficiently and for a low cost to eventually feed to livestock.
dpa/picture alliance via Getty I

“The demand for sustainable protein has never been more apparent, which is why BEV is keenly interested in reducing methane emissions from beef and dairy,” BEV founder and managing partner Carmichael Roberts said in a statement. “Rumin8 offers a low cost, scalable toolbox that has already proven to be effective in reducing emissions. Our team will support Rumin8 in working closely with farmers to expand the reach of this solution globally.”

Gates has previously made public comments arguing that the world’s wealthiest countries should ditch beef for plant-based alternatives to fight global climate change.

In his book titled “How to Avoid a Climate Disaster,” Gates details the measures needed to eliminate greenhouse-gas emissions. The billionaire software developer and philanthropist discusses policy changes and tech innovations needed to help curb industries with the largest carbon footprints, like steel, cement and agriculture, where a third of all greenhouse gas emissions — which trap heat and warm the climate — come from livestock production.

Sources tell FOX Business’ Charlie Gasparino that Sun Valley residents are complaining that corp jets owned by moguls disrupted other flights.

Gates told MIT Tech Review in 2021 it would be almost impossible to eliminate emissions from burping cows and fertilizer to reduce methane emissions, saying that plant-based beef options are the only viable option.


Gates told MIT Tech Review in 2021 it would be almost impossible to eliminate emissions from burping cows and fertilizer to reduce methane emissions, saying that plant-based beef options are the only viable option.
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“There are all the things where they feed them different food, like there’s this one compound that gives you a 20% reduction [in methane emissions]. But sadly, those bacteria [in their digestive system that produce methane] are a necessary part of breaking down the grass. And so I don’t know if there’ll be some natural approach there. I’m afraid the synthetic [protein alternatives like plant-based burgers] will be required for at least the beef thing.”

Fox News’ Jeanette Settembre contributed to this report.

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‘Stranger Things’ star Noah Schnapp is ‘brutally bummed’ out by Nutella

Noah Schnapp isn’t nutty about Nutella.

The “Stranger Things” star – who created TBH (To Be Honest), a vegan alternative for the beloved hazelnut cocoa spread – told Page Six exclusively via email that he was “shocked and brutally bummed out” when he discovered the product’s ingredients.

“Hazelnuts aren’t the main ingredient, and the amount of sugar alone made me realize I wasn’t doing myself any favors,” Schnapp, 18, said.

The New York-born actor also noted that Nutella uses palm oil, which “is responsible for mass deforestation,” something he “couldn’t support.”

Indeed, Nutella’s main ingredient is sugar.

“Based on the Nutella nutrition label that states each two-tablespoon serving has 21 grams of sugar, there are approximately 210 grams of sugar in a 13-ounce jar of Nutella. That’s more than quadruple the sugar in a 16-ounce bottle of Coca-Cola,” reports mic.com, with registered dietitian Caroline Passerrello adding, “By weight, Nutella is 55% sugar.”

Nutella’s main ingredient isn’t hazelnuts – it’s sugar.
Bloomberg via Getty Images

Additionally, palm oil is a “major driver of deforestation…destroying the habitats of already endangered species like the Orangutan, pygmy elephant and Sumatran rhino,” reports the WWF.

Schnapp created a vegan alternative to the beloved hazelnut cocoa spread.
Getty Images

To continue encouraging people to give up Nutella, Schnapp has launched a crowdfunding campaign for tbh, and is asking others to invest as little as $50 through Republic, a fintech company that he co-founded.

“I believe value-aligned investing is more important than focusing only on sustainability because I really believe we can vote with our dollars,” he explained, noting that not all of Republic’s investments are environmentally based, as he loves “social networks and gaming and other things.”

Schnapp is also learning about investment at the University of Pennsylvania, the Wharton School of Business, majoring in entrepreneurship. He told us he can “definitely” see himself “launching a venture capital fund in the next year.”

And as for his side hustle, playing Will Byers in the Netflix series “Stranger Things,” Schnapp is proud that his character is gay.

Schnapp shared a goofy selfie from the set of “Stranger Things.”
noahschnapp/Instagram

“Will’s character arc started in Season 1, and with each new season, we’ve peeled back another layer of who he is and part of that is his sexuality,” he explained. “Will has always struggled with who he is and figuring out how to fit in, which is something many people can relate to.”

He continued, “I’ve had a lot of fans express how much they can relate to Will and his journey, which makes me very happy to hear. It has made me so proud that we’re writing this very real character that makes our viewers feel seen.”

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