Goldman Sachs Targets Private Equity After Credit Suisse Shakeup
In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity.
May 18, 2024 10:26 AM EDT
Walmart Stock Up by 7%, Forecast Hints at Continued Buying Power
In accordance with prior comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry on Thursday indicated a solid consumer base in the United States.
Dow Unexpectedly Soars to 40,000, Marking the Highest for Wall Street
The Dow just reached 40,000 for the first time, marking the latest high point in an unexpectedly successful year for Wall Street.
Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?
After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.
Latest News
Senate Adopts Stopgap Spending Measure, Preventing Immediate Government Shutdown
In an attempt to enact a stopgap budget bill in time for the rapidly approaching deadline at the end of the week, the Senate cleared its first obstacle on Tuesday night.
Jan 17, 2024 10:49 AM EST
Record National Debt Raises Concerns, But Average Impact on Individuals May Be Nuance
The national debt of the United States government just passed $34 trillion, setting a new high. But to what extent should you be concerned about the nation's borrowing?
Jan 18, 2024 01:30 AM EST
Bipartisan Bill Brings Joy to Toy Boxes and Boardrooms with Tax Tweaks
A bipartisan plan to prolong company tax deductions and increase the child tax credit was unveiled on Tuesday in an attempt to win approval from Congress before the January 29 tax season kicks out.
Jan 17, 2024 07:36 AM EST
AI & Climate Anxiety Rises: 6% More CEOs See Bleak 10-Year Outlook
According to a new survey of CEOs by one of the biggest consulting firms in the world, PwC, more executives are feeling better about the state of the global economy, but an increasing number believe their companies won't survive the next ten years without a major overhaul due to pressure from climate change and technology like artificial intelligence.
Jan 16, 2024 10:50 AM EST
Long-Term Food Supply Affected As Global Leaders Focus on Election 2024
International attempts to ensure long-term food supply might be derailed by the several impending international elections, warns the International Fund for Agricultural Development (IFAD).
Jan 16, 2024 09:40 AM EST
Goldman Sachs Expects Fed to Pivot, Slashing Rates to Boost Economy
According to Goldman Sachs economists' predictions on Monday, the Federal Reserve is anticipated to begin reducing its benchmark interest rate in March and to do so five times in total in 2024.
Jan 16, 2024 09:06 AM EST
US Dollar Shines Brighter as Stocks Dive, Safe Haven Frenzy Erupts
Tuesday saw a one-month low for Asian equities, a decline in U.S. stock futures, and an increase in the value of the dollar as traders awaited word from influential Fed member Christopher Waller and central bankers' hawkish comments dampened prospects for interest rate decreases.
Jan 16, 2024 05:59 AM EST
A Decade to Trillionaire Status: How Wealth Hoarding Aggravates Woes
In its yearly assessment of global inequality, Oxfam International stated on Monday that the world may see its first trillionaire within ten years, coinciding with the meeting of corporate and political elites at the Swiss ski resort of Davos.
Jan 16, 2024 01:02 AM EST
Study Predicts Booming Bank Profits Around $7 Trillion, Fueled by Rising Interest Rates and Digital Transformation
According to a report from the Boston Consulting Group (BCG), global banks have the potential to increase their combined valuations by around $7 trillion over the next five years if they implement substantial measures to stimulate growth and enhance productivity.
Jan 16, 2024 12:24 AM EST
Warren Buffett's Growth Bet Crumbles 82%: Analyzing the Risks and Rewards of a Deep Value Play
Warren Buffett, CEO of Berkshire Hathaway, has generated life-changing returns for his company's investors and motivated millions of others throughout the world to take wealth-building initiatives. While the Oracle of Omaha is most known for being a value investor, Berkshire also has holdings in several growth firms with explosive growth potential.
Jan 15, 2024 05:50 AM EST
Critics Claim DEI Policies Unfair, Sparking Debate on Hiring Practices
While the lawsuit is pending, a federal appeals court has temporarily stopped financing the grant program of the Fearless Fund.
Jan 15, 2024 04:20 AM EST
Feds Penalize E-Bay for $3 Million After Employees Stalked Couple Over Negative Reviews
Acting U.S. Attorney General William Barr consented to pay a $3 million felony penalty in connection with the harassment and surveillance of a Massachusetts couple. Joshua Levy, an attorney, stated on Thursday.
Jan 12, 2024 10:50 AM EST
Most Popular
Newsletters
Stay ahead in finance. Subscribe for expert insights, market updates, and investment strategies. Join our newsletter to secure your financial future.
Must Read
