Inflation strikes U.S. young, low-income individuals’ finances
Young and low-income customers are beginning to experience financial strain as high inflation compels Americans to pay more on gasoline and bills. Consumers in Generation Z and others with low credit ratings are racking up credit card loans at a rate unseen since before the epidemic, falling behind on auto loans and credit card payments, […]
As inflation takes a pinch, the U.S. economy moderately recovered in the second quarter
As businesses increased exports and kept up a robust pace of equipment expenditure, the U.S. economy allegedly had a modest bounce in the second quarter. This might allay concerns in the financial markets that the economy had already entered a recession. However, the economy was losing speed due to high inflation, which forced the Federal […]
Charged with insider trading: Former Goldman banker, former FBI trainee
A quick recap on the relevance of this matter and which sector it is pertaining to reminds us of how much of a big deal this news is. Being a prominent global investment banking, securities, and investment management company, the Goldman Sachs Group, Inc. offers a comprehensive range of financial services to a sizable and diversified […]
After Q2 loss, Credit Suisse appoints its new CEO
Ulrich Koerner, an expert in asset management, has been selected as Credit Suisse’s next CEO, the latest indication of turmoil at the Swiss bank, which on Wednesday declared a strategy review as it battles to rebound from a string of scandals. The controversies and losses accumulated during the incumbent Chief Executive Thomas Gottstein’s two-year […]
China’s regulatory body rejects data report to evade U.S. delistings
China’s securities regulator refuted claims made in the media on Monday that Beijing intended to group Chinese companies with U.S. listings according to how sensitive the data they store is, as an effort to prevent American authorities from delisting hundreds of companies. The Financial Times reported Saturday, citing people with an understanding of the incident, that the […]
Henderson gets a complex role in resolving Hong Kong’s housing crisis
The top player among Hong Kong’s four major developers, Henderson Land Development Co (0012.HK), intends to give the government extra land so that it can construct interim housing and is eager to hasten the development of a region near the Chinese border. The vow by Hong Kong to establish the “Northern Metropolis” is an inevitable […]