world economy

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.

Davos Experts See Subdued World Economy in 2024, Regional Divergence Expected

According to a survey of leading economists issued on Monday, the global economy faces a year of muted growth expectations and uncertainty owing to geopolitical unrest, tight financing conditions, and the disruptive influence of artificial intelligence.

Draghi Determined to Do Anything to Raise Inflation Quickly

The European Central Bank declared on Friday that it is all set to act rapidly to increase anaemic inflation in the euro zone.

Alt Fi Data on Whether Crowdfunding Is A Wise Investment Or Not

Crowdfunding has been blasting in fame for both financial specialists and organizations in the Britain for the past two years.

Second Largest Diamond Discovered After More Than A Century In Botswana

A 1,111 carat gem quality diamond second in size only to the Cullinan diamond cut into the British crown jewels has been unearthed.

AliBaba Keeps Dominating The Market Despite Of The Counterfeit Goods Issue

Last week Alibaba made history when it sold $14 billion of merchandise in a single day more than Cyber Monday and Black Friday deals combined.

UK Sold Northern Rock Mortgages To US Worth £13bn

The treasury has sold worth £13bn of Rock Mortgages to a US private investment firm in what is being thought to be the biggest ever financial asset sold by the European government.

China Announces No Tough Rules For Foreign Bank Card Firms

China will not impose tough licensing restrictions on overseas bank card providers.

Asian Shares continue to rally higher

Asian markets continue to rally to two month high as the China bank announced that it will lower the benchmark interest rate by 25 basis. The news drive most markets in the Asian region to climb higher.

Yuan to move up and down as economy stabilizes: China central bank

The world was shocked to see China yuan drop against the dollar for two consecutive days, making it the currency’s biggest fall in decades but chief economist Ma Jun said that the currency will be expected to move in both directions.

US Stocks rose ahead of big data week with looming interest rate increase deterred by global slow down

Stocks rise have experts speculating that the country may be on its way to recovery and an increased interest rate is on order. The Fed's Brainard is skeptic on the idea.

Latest Stories

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.

Tight Grad Market? Here's How to Get Hired (On a Budget!)

A survey from the National Association of Colleges and Employers states that employers intend to recruit 5.8% fewer recent college graduates from this year's class than they did from the class of 2023.

Build Lasting Wealth with These Expert-Backed Passive Income Idea

There are still some proven passive income techniques available that yield positive results.

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.

Sustainable Investing Made Easy: Low-Cost ESG Fund Options for May 2024

Regular investors continue to desire ESG funds, despite some opponents labeling them as "woke" investing. These funds consider a portfolio's firms' financial fundamentals in addition to their environmental, social, and governance considerations.

Must Read

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.

Brothers Arrested After Planning to Steal $25M in Cryptocurrencies from Ethereum Blockchain

According to a recently released indictment, two brothers from New York and Boston were placed under federal arrest on Tuesday.

Don’t Sweat the Bills: Resources to Help You Pay for Utilities

The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)

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.

Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows

According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?

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