Millennials have been blamed for killing cereal, cable TV, and so many other things, but what if they’re really killing gift cards?
Bankrate.com has discovered that 51% of U.S. adults forget to use gift cards, vouchers, and store credits, to the tune of $15.3 billion. That’s an average per-person value of $116. Among gift-card delinquents, 56% are millennials with an average per-person value of $139, versus 52% of baby boomers ($113), 47% of Gen Xers ($112), and 46% of Gen Zers ($81).
But millennials aren’t the biggest cohort planning to spend those suckers. Baby boomers are No. 1 on that list, with 63% saying they planned to utilize their outstanding gift cards, vouchers, and store credits, followed by Gen Xers at 54%. Millennials come in at 42% and Gen Zers at 32%.
Bitcoin and cryptocurrency prices have moved sharply lower after charging into the week yesterday (subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover crypto blockbusters poised for 1,000% gains).
The bitcoin price, which briefly touched $40,000 per bitcoin yesterday, has dropped more than 7%, falling back to $36,000 after retail giant Amazon AMZN -2% denied reports it was poised to add bitcoin and cryptocurrency support.
Bitcoin and cryptocurrency investors were yesterday glued to one of the most hotly-anticipated events in the crypto calendar so far this year—a live discussion between Tesla and SpaceX billionaire Elon Musk, Twitter’s Jack Dorsey, and major Tesla and bitcoin investor Cathie Wood.
The bitcoin price jumped in anticipation of the virtual event, climbing back from under $30,000 per bitcoin to over $32,000, and finding fresh support after Musk revealed that his rocket company SpaceX has joined Tesla TSLA -0.9% in holding bitcoin.
Now is the time to stock up on your favorite nonperishables—before prices rise even more. What’s happening? Consumer product companies are pointing to increased costs for things like packaging, ingredients, transport, and labor, noting that these costs must be offset by jacking up consumer prices. Here’s a rundown of the eyebrow-raising price tags you can expect to see this August:
A new report today shed some light on the upcoming iPad Mini 6 as well as Apple’s next “basic” iPad model. The company is said to be equipping the iPad Mini 6 with an A15 chip and USB-C connector, as well as updating the iPad with an A13 chip. Volume 90%
The iPad Mini 6 has already been extensively reported on and leaked in the past, but a new report from 9to5Mac today adds some extra detail. Citing sources familiar with the product, the new iPad Mini is said to be coming with an A15 processor. Earlier reports had pinned it as coming with an A14. Apple has yet to announce the A15 processor, but it is presumably doing so with the launch of the iPhone 13, expected to be due this fall. The report from 9to5Mac also notes that Apple is working on an A15X variant likely aimed at the iPad Pro refreshes in 2022.
Relevance is often tied to rarity. As a result, the first anything — whether a birthday, scientific feat or female vice president — comes with its own weight. Whether that pressure is warranted is a discussion in and of itself, but today, we’ll focus on the ripple effects of India’s first unicorn IPO: Zomato.
Food delivery startup Zomato, set to start trading public shares next week, has been labeled by journalists and industry experts as India’s biggest tech public offering to date. The company could be valued at up to $8.6 billion in its public debut, and early indications of investor interest were strong.
Ethel Lawrence normally doesn’t have a hard time covering her expenses. But when her husband was prescribed a new medication that cost almost $400 a month, she was in shock.
“I was smacked in the face and low on cash. It wasn’t payday yet,” said the 72-year-old Oklahoma resident. “It’s not like it’s optional. It’s not a luxury item you can choose to buy or not. You have to buy it.”
To cover the unexpected expense, Lawrence was able to request a portion of her pay early, enabling her to avoid taking out a loan.
For many workers, two weeks is a long time to wait for a paycheck. And unexpected events — whether it’s an unplanned medical expense or car repair — can be financially devastating.
But a growing number of companies have started offering employees early access to their earned pay.
Student loan payments may be delayed beyond September 30, even if unemployment benefits and the eviction moratorium are ending.
Here’s what you need to know.
Student loan borrowers, Sen. Elizabeth Warren (D-MA) and now some members of the U.S. Department of Education are all lobbying President Joe Biden to extend student loan relief beyond September 30, 2021. Currently, the following student loan relief is set to expire on that date:
California Governor Gavin Newsom has asked residents and businesses statewide to cut their water usage by 15% this summer, as low precipitation and low snowpack threaten reservoir levels and raise the specter of another deadly wildfire season.
While some California counties have already instituted mandatory water restrictions, Newsom’s request to reduce usage is voluntary.
“We’re hopeful that people will take that mindset they brought into the last drought and extend that forward,” he said at a Thursday press conference, according to the Los Angeles Times.