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.
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.
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.
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What Happens After 30 Days of Cold Showers (Wim Hof Method)
Wim Hof, better known as the iceman, first introduced the concept of cold showers to me. This Dutch extreme athlete has set records for the longest swim under ice, the longest full-body contact with ice ...
Jan 15, 2024 6:40 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
Bitcoin Price Slumps Following Spot ETF Approval, Boosting Alternative Cryptocurrencies
When regulatory permission did not result in an upward advance, traders may have opted to book gains, resulting in a dramatic drop to $41,500.
Jan 15, 2024 3:45 AM EST
Helium: The Billion-Dollar Network No One Uses
If a pioneer in crypto passive income existed, it had to be Helium. In its early days, in a year providing IoT coverage for Helium, people raked in thousands, even hundreds of thousands.
Jan 13, 2024 2:10 PM 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
Oil Surges on Safe-Haven Demand After US, UK Launch Airstrikes Against Houthi Targets in Yemen
Global equities rose marginally on Friday, but oil rose as the crisis in the Red Sea region threatened to grow, although slightly hotter US inflation data did not change investors' conviction that interest rates may soon begin to fall.
Jan 12, 2024 9:20 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
Bitcoin ETFs Threaten Coinbase Market Share Despite Company's Record 2023 Performance
Coinbase's position in the cryptocurrency market is about to shift dramatically now that the SEC has allowed the launch of bitcoin exchange-traded funds.
Jan 11, 2024 9:40 AM EST
Bitcoin Breaks into Big Leagues, Sparking Investor Excitement and Fear
The first bitcoin-holding exchange traded funds were grudgingly authorized by the Securities and Exchange Commission on Wednesday. The SEC stated that it remains extremely cautious of cryptocurrencies and that it "did not approve or endorse bitcoin" in its ruling.
Jan 10, 2024 10:43 PM EST
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