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Financial News Around the World

This 26-year-old from Hong Kong is transforming a ‘dinosaur industry’ — one luxury watch at a time

Wristcheck is a consignment-based platform for luxury watches from Hong Kong, and it claims to have an inventory of timepieces worth $80 million.

Published 24 March 2023
Categorised as Finance News

Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban

The techniques have evolved to sidestep Binance’s highly publicized know-your-customer controls, and focus on obscuring a user’s country of origin.

Published 23 March 2023
Categorised as Finance News

Banks ramp up use of new Fed facility created during crisis

Banks are sitting on unrealized losses thanks to rising interest rates. That helped lead to the implosion of Silicon Valley Bank this month.

Published 23 March 2023
Categorised as Finance News

Ex-Morgan Stanley advisor charged with defrauding NBA players out of $13 million

Darryl Cohen is facing three different counts of fraud, which could amount to 20 years in prison.

Published 23 March 2023
Categorised as Finance News

Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more

Block fell after Hindenburg Research unveiled its latest short position on the stock. KB Home popped on earnings.

Published 23 March 2023
Categorised as Finance News

Retirement vs. emergency savings: How to prioritize in a shaky economy

If you’re short on cash, here’s how to prioritize between retirement savings and your emergency fund, according to financial experts.

Published 23 March 2023
Categorised as Finance News

Why hasn’t U.S. poverty improved in 50 years? Pulitzer-prize winning author Matthew Desmond has an answer

In his new book, “Poverty, by America,” Matthew Desmond says that poverty persists in the U.S. because many Americans and large companies profit from it.

Published 23 March 2023
Categorised as Finance News

Will the banking crisis cause a recession? It may depend on the ‘wealth effect,’ economist says

Consumer confidence is declining amid renewed recession fears, higher interest rates and persistent inflation.

Published 23 March 2023
Categorised as Finance News

Bank of England hikes interest rates by 25 basis points after inflation surprises

The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.

Published 23 March 2023
Categorised as Finance News

Barbara Corcoran shares exactly what got her rich: ‘I try harder than the next guy and I work twice as hard’

Barbara Corcoran says she struggled in school as a child, but the experience helped her get rich as an adult. Here’s how.

Published 23 March 2023
Categorised as Finance News

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