Switzerland has a long-held reputation for financial secrecy, but it isn’t the top country when it comes to a lack of financial transparency. The country that is atop the rankings for being the most complicit in helping individuals hide their wealth is the United States, according to a biennial report released today by the Tax …
“Powell says the Fed will not hesitate to keep raising rates until inflation comes down Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral we…
More nimble fintechs have one advantage over traditional banks when it comes to responding to customer needs to improve customer experience. With over half of customers saying that banking is not fun, banks face the challenge of enhancing user experiences to address changing customer needs, according to the World Retail Banking Report 2022 from Capgemini…
THINGS YOU SHOULD KNOW ABOUT CRYPTOCURRENCY IN THE UK Cryptocurrency is a hot topic. Every investor in the world, even individuals, are talking about it. It is a digital currency that allows people to buy, trade and sell their products or services through digital platforms. The UK government considers cryptoassets as property. It is estimated…
Musk’s Tesla says it invested $1.5 billion in bitcoin, sending the cryptocurrency to record levels near $44,000 Tesla plans to accept bitcoin as payment for its products, filings with regulators on Monday show Elon Musk’s Tesla Inc. said that it has acquired $1.5 billion in bitcoins in January and that it could accept the…
Boomers Are Going to Drive a Silver Surge Companies tend to neglect older generations, focusing instead on millennials and Gen Z. Such a strategy will be costly this year. Companies long to partner with the Kardashians. Over the past couple of years, we have seen beauty leader Coty Inc., for example, strike cosmetics deals with both Kim Kardashian…
2 short sellers admit defeat, bail out at huge loss as GameStop share surge hits 1000% Short sellers Andrew Left and Melvin Capital take huge losses to cover their bad bets “Prominent short seller Andrew Left, has admitted he has taken a 100 per cent loss on his bet against GameStop” In the David…
Investing Basics: How To Buy ETFs Exchange traded funds, commonly known as ETFs, are a low-cost way to buy exposure to hundreds or thousands of stocks and bonds, making them a favorite of financial advisors and investors alike. Here’s how to start buying ETFs. Open a Brokerage Account Because you can’t just go to…
Bitcoin tops $40,000 for first time, pushing cryptocurrency market value past $1 trillion Bitcoin smashed through $40,000 to hit a new record high on Thursday helping to lift the total value of the entire cryptocurrency market above $1 trillion for the first time. The digital coin hit an all-time high of $40,367 at around 1:17…
Sold short: confessions of a young banker I had to watch each episode of “Industry”, a tv drama about young bankers, in 15-minute doses. This is no fault of the show, which is joyously binge-worthy and thoroughly deserves the second series it has just been granted. It’s because it reminded me so powerfully of my previous…
