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Financial News Around the World

Category: Finance News

Wealthy Chinese keep on spending while others cut back, survey finds

More than a quarter of people with an annual household income above $49,286, said they increased spending this year, a McKinsey survey found.

Published 8 December 2022
Categorised as Finance News

Taking required minimum distributions? How to reduce the sting of selling in a down market

The deadline is approaching for required minimum distributions, and retirees need to be careful when withdrawing money in a down market. Here’s what to know.

Published 7 December 2022
Categorised as Finance News

Stocks making the biggest moves midday: Carvana, MongoDB, TripAdvisor, Toll Brothers and more

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

Published 7 December 2022
Categorised as Finance News

‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes

The bank leaders are providing evidence that the Fed’s campaign to subdue inflation by raising borrowing costs is beginning to impact consumer behavior.

Published 7 December 2022
Categorised as Finance News

It’s never to soon to save for retirement. Here are 3 ways Gen Z workers can start now

With many older workers and retirees regretting not saving earlier in life, it’s never too soon for new college graduates to start socking away money.

Published 7 December 2022
Categorised as Finance News

Stocks making the biggest moves premarket: Campbell Soup, Pinterest, Toll Brothers and others

These are the stocks posting the largest moves before the bell.

Published 7 December 2022
Categorised as Finance News

Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’

BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company’s alleged “hypocrisy” in its ESG messaging.

Published 7 December 2022
Categorised as Finance News

Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ‘surprises’

After a tumultuous year, Standard Chartered expects more volatility in 2023 and says several potential surprises are being “underpriced” by the market.

Published 7 December 2022
Categorised as Finance News

Over $400 billion has been erased from the value of Europe’s tech industry this year

The combined value of all public and private European tech firms has fallen from to $2.7 trillion from a peak of $3.1 trillion in late 2021, a new report says.

Published 7 December 2022
Categorised as Finance News

‘It’s just like owning a condo’ said Austin Wells on cruise ship living

Austin Wells plans to work remotely and travel the world from the $300,000 studio apartment he bought on the luxury residential cruise ship, the MV Narrative, with the company Storylines.

Published 7 December 2022
Categorised as Finance News

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