Finance

Frisch Financial Expands Workforce to Handle $800M in Assets

In 2023, the partners at Frisch Financial made the decision to bring on an additional financial advisor. The Melville, N.Y.-based firm, managing around $800 million in assets, had experienced significant growth over the past decade and recognized the need for a fifth team member with prior experience—someone capable of managing current clients, attracting new ones, and stepping into the role of a full-fledged wealth manager.

TECH

DeepSeek: Unveiling the Truth About Chinese Tech

In January, when the upstart Chinese company DeepSeek unveiled its latest AI model, it caught the attention of Silicon Valley. The engineers had managed to use fewer chips and less funding than most experts believed was possible. The news sent Wall Street into a panic, causing tech stocks to drop. Washington grew concerned about losing ground in a crucial strategic sector. Meanwhile, Beijing and its supporters celebrated, with nationalist commentator Hu Xijin proclaiming on Chinese social media, "DeepSeek has shattered the myth of U.S. high-tech invincibility."

However, the excitement was short-lived. OpenAI, the company behind ChatGPT, revealed it was investigating DeepSeek for allegedly training its chatbot using ChatGPT. It turned out that China's potential tech giant may have borrowed from Silicon Valley after all.

Fall in love with BILL, get a $200 Saranoni blanket

BILL + controllers = ❤️

We're sharing the love! Take a demo of BILL Spend & Expense and get a $200 gift card to Saranoni Luxury Blankets & Gifts.¹

"Switching to BILL for our credit cards has been such an amazing decision for us! After transitioning from a competitor to BILL Spend & Expense 6 months ago, we’ve already received over $10,000 in cash-back rewards—something our previous provider never came close to offering.” – Madolen Gossett, Controller @ Saranoni

Request a demo

¹Terms and Conditions apply. See offer page for details.
Card issued by Cross River Bank, Member FDIC, and is not a deposit product.

CRYPTO

Trump’s Crypto Agenda Advances with New Stablecoin Legislation from Senator Hagerty

Senator Bill Hagerty is set to introduce legislation on Tuesday aimed at establishing a framework for stablecoins, marking the latest Republican effort to create crypto-friendly regulations for an industry that is a key priority for President Donald Trump.

The proposed bill seeks to establish a stable and predictable regulatory environment for stablecoins, which are cryptocurrencies designed to be less volatile due to their value being pegged to the US dollar or other stable assets. Supporters argue that federal regulation would enhance the legitimacy of this asset class, potentially driving wider adoption.