Andrew Bloomenthal

Every year, the National Collegiate Athletic Association (NCAA) men’s and women’s basketball tournament whips fans into a frenzy, earning the event the nickname “March Madness.” Much of the interest stems from the ever-popular bracket challenge, where groups of individuals pay […]

The federal minimum wage for nonexempt employees in the United States is $7.25 as of 2025. It’s meant to be a living wage but this isn’t the case in practice. The hourly rate hasn’t kept up with the cost of

Government money market mutual funds include funds that only invest in the following assets: U.S. Treasury securities Repurchase agreements collateralized by U.S. Treasury securities Other types of government securities Government money market funds attract conservative investors who gravitate to stable, highly liquid

What Is Venmo? Venmo has emerged as one of the most popular apps for electronically transferring funds from one party to another. Its explosive growth is largely driven by millennials, who even use its name as a verb, as in:

Interest rates rise and fall as the economy moves through periods of growth and stagnation. The Federal Reserve is an important driver for rates because officials often lower rates when economic growth slows and raise them to cool the economy

Companies often offer customers the flexibility of paying for goods or services long after they are purchased to nurture long-term loyalty. The sum of money owed is known as accounts receivable (AR). Although payment timetables vary on a case-by-case basis,

Current Yield vs. Yield to Maturity: An Overview While the current yield and yield-to-maturity (YTM) formulas may be used to calculate the yield of a bond, each method has a different application—depending on an investor’s specific goals. When a bond

People who work for companies have estimated taxes withheld from their paychecks, but self-employed people, business owners, and those who live on investment income are required to proactively pay estimated taxes on a quarterly basis. In the United States, income

How Is Bitcoin’s Price Determined? Bitcoin’s price changes because of its supply (scarcity), the market’s demand, media and news, and regulatory changes. Some researchers suggest that the cost of producing a bitcoin also influences its prices, but most analyses used

The Internal Revenue Service (IRS) limits the annual contributions individuals may make to their retirement plans, including Roth IRAs, traditional IRAs, and 401(k)s. Key Takeaways For 2024, you can contribute up to $7,000 to a Roth or traditional IRA. If