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Financial News Around the World

Category: Finance News

Thanks to ‘vesting’ schedules, it can take up to 6 years for workers to own their 401(k) match

“Vesting” rules set by an employer dictate how soon a worker can leave a company and take their full match with them.

Published 26 May 2023
Categorised as Finance News

Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed

The core personal consumption expenditures price index was expected to increase 0.3% in April, according to a Dow Jones estimate.

Published 26 May 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Marvell Technology, Gap, RH & more

These are the stocks posting the largest moves in early trading.

Published 26 May 2023
Categorised as Finance News

Fintech firm Klarna halves net loss in first quarter as it races toward profitability

The results show that Klarna is making “significant strides” toward profitability on a monthly basis by the second half of 2023, the firm said.

Published 26 May 2023
Categorised as Finance News

A U.S. recession would be ‘good news’ for markets, strategist says

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.

Published 26 May 2023
Categorised as Finance News

China’s gambling hub opens $2 billion resort with a giant copy of London’s Big Ben

Macao — often referred to as the Las Vegas of Asia — has added yet another luxury casino resort to the Cotai Strip. And this time it’s a British-themed one. 

Published 26 May 2023
Categorised as Finance News

‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts

Long-time bear David Rosenberg warns the artificial intelligence boom could collapse like late 1990s dot-com stocks.

Published 26 May 2023
Categorised as Finance News

China’s travel recovery gets more attention, but India’s outbound market is ‘booming’ even faster

India’s outbound travel market is growing much faster than any other outbound market in the world, according to Agoda’s CEO, Omri Morgenshtern.

Published 26 May 2023
Categorised as Finance News

How one family turned a job loss into an opportunity to sail the world

For Lisa Terauchi-D’Rozario and her family, change was abrupt. Within a year of her husband losing his job, her family was sailing the Mediterranean full time.

Published 25 May 2023
Categorised as Finance News

JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice

Banks including Goldman Sachs and Morgan Stanley are testing A.I. internally, but JPMorgan may be the first to release a GPT-like product directly to customers.

Published 25 May 2023
Categorised as Finance News

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