Global Finance

As of July 2024, inflation in the United States has dipped below 3%, marking the first time it has fallen beneath that threshold in over three years. While certain sectors of the economy are experiencing disinflation, meaning that prices are still rising but at a slower pace, there are areas where deflation is evident. The

Warren Buffett, also known as the “Oracle of Omaha,” has raised eyebrows among his followers by owning the exact same number of shares in Apple as he does in Coca-Cola. This peculiar observation came to light after a regulatory filing revealed Berkshire Hathaway’s equity holdings at the end of the second quarter: both Apple and

UBS CEO Sergio Ermotti recently addressed concerns regarding the looming market volatility in the second half of the year. While many investors have expressed fears about a potential recession in the U.S., Ermotti remains optimistic about the economic outlook. Despite acknowledging the possibility of a slowdown, Ermotti emphasized the lack of clear macroeconomic indicators to

The electric car industry is constantly evolving, with companies competing to offer the fastest, most efficient, and environmentally friendly vehicles to consumers. Zeekr, a Chinese electric car brand, announced a groundbreaking innovation in battery technology that aims to address consumers’ concerns about battery driving range and ease of charging. Zeekr’s new batteries can go from

Mega events such as the Olympic Games or major concerts like Taylor Swift’s Eras tour often lead to a surge in demand for various goods and services, including hotel rooms and airline tickets. While this increased demand may result in rising prices in certain sectors, it is debated whether the average consumer feels the impact

Recent concerns about a potential U.S. recession have once again highlighted the issue of unemployment in the country. Experts are warning that the system in place to support workers during periods of unemployment is at risk of collapsing, as it did during the Covid-19 pandemic. Michele Evermore, a senior fellow at The Century Foundation, expressed

In a recent incident at China’s Ningbo port, a hazardous goods container exploded on the YM Mobility ship, owned by Taiwanese vessel owner Yang Ming Marine Transport Corp. Fortunately, there were no casualties or injuries reported. The explosion resulted in a fire that has since been brought under control, with all individuals on board safely

Italy’s banking sector has been under scrutiny in recent years, particularly following a sovereign debt crisis and the government rescue of Banca Monte dei Paschi. However, there is a sense of renewed optimism amongst analysts who believe that Italy may be on the cusp of a significant wave of mergers and acquisitions. Antonio Reale, co-head

Claudia Sahm, chief economist at New Century Advisors, believes that the U.S. Federal Reserve does not need to make an emergency rate cut despite recent weaker-than-expected economic data. She argues that although there is a good case for a 50-basis-point cut, there is no need for an emergency cut as of now. Sahm suggests that

In the midst of recent market volatility, investors are seeking out stable options to help navigate uncertain times. BondBloxx co-founder and CEO, Joanna Gallegos, emphasizes the importance of incorporating bonds into investment portfolios. According to Gallegos, prioritizing income and high-yield bonds can provide a cushion against the unpredictable nature of the market. This strategy allows

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has been on a selling spree when it comes to Bank of America shares. Over the course of 12 consecutive days, Berkshire Hathaway has sold a total of 19.2 million BofA shares, totaling almost $779 million at an average selling price of $40.52 per share.

PortfolioPilot, an automated financial advisor, is making significant waves in the wealth management industry by accumulating $20 billion in assets within a short span of time. This AI-driven service, developed by Global Predictions, has witnessed a meteoric rise in its user base, attracting over 22,000 users in just two years of its launch. The recent