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TORONTO – October 14, 2020 – ( Newswire.com )

​​​Kids are like sponges when it comes to new concepts, making this the perfect time to teach financial literacy. Research shows that the younger you teach children about money, the more independent and responsible they will be as adults. This is why Treasure exists. Treasure, a mobile money management app has been built to teach kids the value of money, fun ways to earn and save their allowance and money received through gifts.

“Financial literacy is a key life skill, but schools don’t teach finance-related courses properly until middle school or high school, and I think that is not only crazy but also way too late to form good habits,” said Matt O’Leary, CEO of Treasure. “Kids need money skills as soon as they can count. My own kids would ask for things in the store without realizing the cost or need to take money to school as early as kindergarten, and that’s when I realized that kids need money skills as soon as they can count.” 

Treasure is a fun-first education tool that teaches positive financial habits around saving and spending, but unlike other tools, Treasure uses real money with real spending and saving options using the bank of Mom and Dad through allowance and task-driven incentives. 

“We all know someone who got in trouble when they got their first credit card. This is because a credit card isn’t money. It’s just an abstract concept,” says O’Leary. “Our research has shown that the reason it is important to start teaching kids about money as early as possible is based on the fact that many financial decisions are based on abstract logic

Mastermind Analytics promises to deliver 360-degree, on-demand visibility into company finances with a low-code interface, and it can process unstructured data, too.

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Image: AppZen

A new software product from finance AI analytics company AppZen promises to be “a first of its kind” tool that can provide financial insights “previously unavailable” to finance teams. Called Mastermind Analytics, if it can do what AppZen says it can, it looks to be the tool of bookkeepers’ dreams. 

The goal of Mastermind Analytics is to not only allow finance teams to get on-demand analysis of company finances, but also to provide benchmarks against other companies that AppZen CEO Anant Kale said will show organizations both where they’re leading their peers, and where they’re lagging.

In order to provide thorough financial results, which AppZen calls “360-degree,” Mastermind Analytics audits travel documents, expenses, accounts payable paperwork, and other sources to provide feedback in real time. Kale said that Mastermind is also able to analyze unstructured data as well. 

SEE: Report: SMB’s unprepared to tackle data privacy (TechRepublic Premium)

“Finance teams will now have access to previously unavailable out-of-policy spend information that enables immediate visibility into patterns and activity that could indicate, and prevent, more complex risks of fraud and waste,” Kale said.

As for comparing a company’s finance to other organizations, Kale said that Mastermind Analytics pulls “billions of data points from close to 2,000 customers.” The comparison itself will benchmark companies against one another in areas like spending, risk, and operational performance. 

Mastermind Analytics was also created with finance teams in mind, AppZen said, which means it doesn’t require any additional integrations with the AppZen platform, nor does it need developers with analytics skills to extract results from. Mastermind, Kale said, is designed to be low code, giving finance professionals access to data that would

  • Individuals, foreign governments, and lobbyists are spending big at Trump’s resorts and hotels and gaining from his administration, a New York Times investigation found. 
  • It found that 60 individuals had spent $12 million in Trump’s businesses and, in some form, saw their interests advanced by his administration. 
  • Trump won the election in 2016 pledging to “drain the swamp,” but is profiting from favor-seekers patronizing his hotels and resorts. 
  • Visit Business Insider’s homepage for more stories.

More than 200 foreign governments, lobbying groups, and individuals spent money in President Donald Trump’s businesses and benefitted from his administration, a New York Times investigation found. 

It documents how foreign government officials, corporate executives, lobbyists, and attorneys patronized Trump businesses and were awarded lucrative federal contracts, ambassadorship, and appointments to federal task forces. Others secured legal changes. For some, the favor granted by the president was a tweet. 

According to the Times investigation, 60 individuals spent $12 million in Trump’s hotels and resorts, and “almost all saw their interests advanced, in some fashion, by the president or his government.” 

The Times based its report on interviews with 250 sources, including executives and lobbyists, members of his clubs and employees at his businesses, and former and current Trump administration officials. 

Individuals identified in the report told the Times that any advantages they had gained from the Trump administration were not linked to the patronage of his businesses. 

Trump won the presidency in 2016, pledging to “drain the swamp” of influence-peddling in Washington DC.

After winning the presidency, Trump stepped back from his business empire, handing over the management to his two sons, Donald Trump Jr and Eric Trump. But the president did not divest himself of his business holdings entirely, meaning he continues to profit from them.

White House spokesman Judd Deere told the Times

Campaign finance records fall quickly these days, as big money gets bigger and new records are set each election cycle. Still, what’s happening in 2020 is staggering.

According to the nonpartisan Center for Responsive Politics, over $3 billion has been raised so far for the presidential race, breaking previous records, and “dark money” groups whose largesse is harder to track are spending “unprecedented amounts of money to influence the 2020 election.” Deep blue California won’t see Donald Trump or Joe Biden on this year’s campaign trail, but its deep-pocketed donors from both parties are playing huge parts in the race for the White House.

And it’s not just federal spending charting new territory. Money to sway voters on statewide ballot measures is also flowing fast, with more than a half-billion dollars spent so far, according to an analysis by this news organization — the bulk of that on just three hotly contested propositions.

And there’s more than three weeks left before Election Day.

Here’s a look at where that big money comes from, and where it’s going:

 

Five mega-donors spent more than $100 million total electing Democrats

  1. Tom Steyer – $57,502,386
  2. Karla Jurvetson – $22,961,590
  3. George Marcus – $10,518,200
  4. Reid Hoffman & Michelle Yee – $9,583,374
  5. Edythe & Eli Broad – $6,178,800

The top five California contributors to Democrats have spent over $106 million on presidential and congressional races so far in the 2019-2020 federal election cycle, as of the first week of October.

The biggest individual spender from California is Tom Steyer, who funneled tens of millions of dollars into his own unsuccessful presidential campaign, as well as efforts to undermine and unseat President Donald Trump and Republicans in Congress. The second biggest contributor is Karla Jurvetson, a Silicon Valley-based doctor and Democratic fundraiser who spent more than $14

SINGAPORE – The safe-haven dollar and yen nursed losses on Thursday, after the revival of hopes for some U.S. spending improved investor sentiment and appetite for riskier currencies.

A flurry of late-Tuesday tweets from President Donald Trump, after he canceled talks with Democrats over coronavirus relief, suggested he was open to piecemeal spending measures.

That lifted equity markets and commodity currencies and sank the safe-haven yen to a three-week low of 106.11 per dollar overnight. The dollar was weaker on most other majors.PELOSI: ALL TRUMP WANTED IN CORONAVIRUS RELIEF NEGOTIATIONS WAS ‘TO SEND OUT A CHECK WITH HIS NAME ON IT’

The euro edged up 0.2% to $1.1767 and held there early in the Asia session. The risk-sensitive Australian dollar lifted off a one-week low and rose about 0.5% overnight to hold at $0.7137 in Asia. [AUD/]

With no fresh clues on stimulus, morning moves were slight and leaned in favor of the greenback. The New Zealand dollar slipped 0.4% after a central bank official said the bank was “actively working” on negative rates.

People wearing face masks walk past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Sept. 21, 2020. (Associated Press)

Top White House officials have played down the likelihood that anything gets passed, but House Speaker Nancy Pelosi is pursuing a standalone bill for aid to airlines.

“It looks like they still can’t agree on a bigger package,” said Commonwealth Bank of Australia currency analyst Joe Capurso. “If they could get an agreement on that, you’d get a bit more of a reaction and the U.S. dollar would fall.”

The overnight mood had been further supported by hints at even more