expenses – DIGIT INFO

How to build an emergency fund using budgeting apps

DIGIT — Sat, 13 May 2023 11:07:00 +0000

Track your expenses and savings goals using budgeting apps to build your emergency fund.

What is profit and loss (PnL) and how to calculate it

DIGIT — Fri, 05 May 2023 08:07:00 +0000

PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more!

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China’s Inflation Rate Drops to Lowest in 18 Months

DIGIT — Tue, 11 Apr 2023 23:04:56 +0000

The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s […]

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FTX’s bankruptcy lawyers and advisors pocket $32.5M in February

DIGIT — Tue, 11 Apr 2023 05:22:54 +0000

The reimbursement expenses for FTX’s massive team of legal professionals are just as exorbitant in February as they were the previous month.

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Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

DIGIT — Thu, 30 Mar 2023 21:05:00 +0000

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured […]

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First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

DIGIT — Mon, 27 Mar 2023 20:30:05 +0000

According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley […]

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Lawyers picnic: FTX counsel and advisors rake in $34M in January

DIGIT — Wed, 08 Mar 2023 05:03:02 +0000

Millions have been invoiced from a host of law firms, investment bankers, consultants and financial advisers in FTX’s bankruptcy case.

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FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns

DIGIT — Tue, 07 Feb 2023 20:35:10 +0000

Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between […]

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FTX spent $40M on food, flights, and hotels in just 9 months: Court filings

DIGIT — Mon, 09 Jan 2023 05:39:47 +0000

FTX did not hold back on company expenses in the Bahamas, according to court documents.

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‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power

DIGIT — Sat, 20 Nov 2021 18:30:26 +0000

Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies, and used vehicles. On Friday, Harvard economist […]

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