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
Global Finance
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
Singapore’s stock market has faced challenges such as thin trading volumes and more delistings than listings. This has caused some to label the market as “boring” and “unexciting.” The turnover velocity at the SGX has also been significantly lower compared to other exchanges in the region. To address these issues, the Monetary Authority of Singapore
Warren Buffett’s Berkshire Hathaway has hit a new milestone with a cash pile that reached a record high of $276.9 billion in the last quarter. This significant increase in cash reserves from the previous record of $189 billion set in the first quarter of 2024 has sparked interest and speculation within the financial world. Buffett’s
Warren Buffett’s Berkshire Hathaway is expected to announce that its cash reserve has exceeded $200 billion, surpassing the GDP of Hungary. This record amount comes at a time when Buffett is selling off some of his major holdings in companies like Apple and Bank of America. With Berkshire being a net seller of stocks for
The recent announcement by Morgan Stanley allowing its financial advisors to offer bitcoin ETFs to eligible clients marks a significant shift in the landscape of wealth management on Wall Street. This move by one of the largest wealth management firms in the world reflects the growing acceptance and adoption of bitcoin by mainstream finance. It