Nearly half of American families have no retirement savings at all according to the Economic Policy Institute. The figure is even lower for Hispanic families with some estimating as few as one in four Latino families has a retirement account. That is why Carlos Garcia started Finhabit.
Finhabit is an app that comes in both English and Spanish and helps users start saving for retirement. Garcia wanted to start this product after his own personal experience. Garcia grew up on the Texas-Mexico boulder and despite being taught the importance of working hard, his parents did not display retirement saving habits. So even when Garcia started his first job at Merril Lynch, he was still behind. Garcia missed out on 2-years of saving for his 401K with a company-matching program because he had never heard of something like that.
Garcia says Finhabit has been growing by 100% each month and feels strong about future growth. The hope is to both educate Latinos and set more families about for secure financial futures.
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
