Hong Kong's Status as an International Financial Center at Crossroads
Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.
May 15, 2024 11:59 PM EDT
Hong Kong's Financial Status Plummets EUI from Fourth to Ninth Place Amidst Global Rankings and China's Grip
Hong Kong's business ecosystem has caused the EIU to downgrade it to ninth place and the Global Financial Centers Index to rank it fourth.
Can Taxing the Rich Save Social Security?
Due to a budget deficit, Social Security may not be able to provide retired Americans with their full payments in around ten years.
Trump Allies Gather as Cohen Testifies on 'Hush Money' Allegations
House Speaker Mike Johnson was among a group of close Republican allies of Donald Trump who showed up in the Manhattan criminal courthouse on Tuesday to express support for the former president while his attorneys tried to discredit the key witness in the "hush money" trial.
Latest News
Starbucks Sales Flatline as US Boycotts and China Cools Off
Starbucks failed Wall Street's forecasts with its quarterly profits and revenue announcement on Tuesday, as both its domestic and foreign sales fell short of projections.
Jan 31, 2024 07:10 AM EST
Oklahoma Teachers Scramble To Repay Thousands for Mistaken Bonus
Education authorities in Oklahoma are making an effort to recover incentives totaling at least $290,000 that they inadvertently gave to multiple instructors.
Jan 31, 2024 06:20 AM EST
Army Recruitment Crisis: A New Strategy Amid Falling Numbers
The Army is adjusting its target recruitment pool to keep up with trends in the U.S. labor market and difficulties competing for potential recruits ...
Jan 30, 2024 11:38 AM EST
Investors Ditch Flashy Brands for Understated Luxury Powerhouses
One of the most popular social media fashion trends of the previous year was quiet luxury. Unlike other fads that came and went on TikTok or Instagram, quiet luxury has proven real returns and found its way into investment portfolios.
Jan 31, 2024 05:49 AM EST
Investor Alert: The Vital Link Between Big Tech Earnings and the Ongoing Market Rally
The IT sector still dominates the stock market. While experts have called for a broadening out of the market recovery, new data from FactSet indicates that they believe Big Tech firms will be the primary driver of Q4 earnings growth for the S&P 500.
Jan 31, 2024 01:44 AM EST
Online Shopping Fuels Easy Return Abuse, Costing Retailers Billions
Retailers relaxed their online return conditions more than ever in an attempt to attract customers and increase sales in recent years. But there is a price for such adjustments.
Jan 30, 2024 09:03 PM EST
Investors Bank on Fed Capitulation, Sending Bond Yields Soaring
At this week's policy meeting, bond investors anticipate that the Federal Reserve will renounce its program of raising interest rates, preparing the market for the possibility of numerous rate cuts this year-the first since the COVID-19 epidemic began in 2020.
Jan 30, 2024 05:24 AM EST
Biden Takes Aim at Federal Pay Disparities on Law's 15th Anniversary
The Biden administration is taking additional steps to help fix wage disparities for federal employees and employees of government contractors on Monday, the 15th anniversary of a historic federal pay equality statute.
Jan 29, 2024 08:57 PM EST
The Only Retirement Guide You'll Ever Need - Start Planning Now
Retirement isn't just about reaching a certain age and stopping work. It's a major life transition that requires financial, emotional, and lifestyle preparation ...
Jan 29, 2024 04:25 PM EST
Record Numbers Lose Shelter as Rents Skyrocket Nationwide
Due to the financial strain caused by rising rents in recent years, an increasing number of Americans are becoming homeless.
Jan 29, 2024 07:01 AM EST
American Dream Cost: Family of Four Now Struggles on $230,000 a Year
According to a former Goldman Sachs analyst, a family of four must make more than $230,000 annually to live comfortably in the San Francisco Bay Area of California.
Jan 29, 2024 06:17 AM EST
Child Tax Credit Expands as Misused COVID Program Exits, Putting Children First
During a private meeting with senators, IRS Commissioner Danny Werfel was asked by the chairman of the Senate Finance Committee to provide his evaluation of a concerning report.
Jan 29, 2024 04:08 AM EST