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
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.
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.
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).
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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 9:06 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 5:59 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 1:02 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 5:50 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 4:20 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
Higher Tax Brackets Coming Soon? What This Means for Your Individual and Family Finances
Because of legislation approved at the end of 2017, American taxpayers have had a time-limited respite in their federal tax burden for the previous several years.
Jan 12, 2024 10:27 AM EST
The Greatest Wealth Transfer in History is Happening Now
The largest generational wealth transfer in human history is upon us, but I don't think anyone is ready. Baby Boomers, the generation of people born between 1944 and 1964, are expected to transfer $30 trillion in wealth to the younger generations over the next few years.
Jan 12, 2024 9:00 AM EST
Core Inflation Holds Steady at 3.9%, But Headline Rate Rises as Housing and Energy Bite
December's increase in total U.S. inflation was mostly driven by rising energy and housing costs, suggesting that the Federal Reserve's efforts to bring inflation down to its target of 2% will probably not be easy.
Jan 12, 2024 1:38 AM EST
Hacked Tweet Shakes Market as SEC Denies ETF Approval
The Securities and Exchange Commission declared on Tuesday that the agency's account was hacked and that a post made from the agency's account on the social media site X announcing the approval of a much-anticipated bitcoin exchange-traded fund was "unauthorized."
Jan 10, 2024 9:33 AM EST
Global Growth Grinds to a Halt as World Bank Predicts Third Year of Slowdown
The global economy is expected to slow down in 2024 for the third year as a result of factors like growing interest rates, persistent inflation, dwindling trade, and a faltering China.
Jan 09, 2024 9:56 PM EST
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