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Financial News Around the World

First Republic seized by California regulator, JPMorgan to assume all deposits

Since the sudden collapse of Silicon Valley Bank, attention has focused on First Republic as the weakest link in the U.S. banking system.

Published 1 May 2023
Categorised as Finance News

Planning a solo trip to Seoul? Here are some places that cater to singles in Seoul

More people in South Korea are choosing to dine, drink and travel alone — embracing the “honjok” lifestyle trend that has visibly taken root in the country.

Published 1 May 2023
Categorised as Finance News

Charlie Munger reportedly warns of trouble for the U.S. commercial property market

Charlie Munger believes there is trouble ahead for the U.S. commercial property market.

Published 30 April 2023
Categorised as Finance News

Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic

U.S. regulators have asked banks for their best and final takeover offers for First Republic by Sunday afternoon.

Published 29 April 2023
Categorised as Finance News

Major Wall Street firm sees a breakout in luxury stocks — and lists three reasons why ETFs are a great way to play it

Matt Bartolini, head of SPDR Americas research at State Street Global Advisors, finds valuations, earnings upgrades and price momentum are fueling the charge.

Published 29 April 2023
Categorised as Finance News

As part of the ‘cocktail culture,’ consumers are still splurging on dinner and drinks

When it comes to discretionary spending, splurging looks different in 2023: These days, adults would rather treat themselves to drinks or dinner out.

Published 29 April 2023
Categorised as Finance News

Mark Cuban says he’s losing nearly 1,000 Twitter followers a day—and paying $8 for a blue check hasn’t helped

Mark Cuban thought he was being shadow-banned on Twitter, so he signed up for the platform’s new subscription service. It didn’t fix the problem, he says.

Published 29 April 2023
Categorised as Finance News

Actively managed funds come with unique risks and rewards. Here’s how investors can pick a winner

Actively managed funds can outperform during periods of volatility, but investors will have to do their due diligence.

Published 28 April 2023
Categorised as Finance News

31% of new crypto buyers influenced by friends. Here’s why that can be ‘a horrible idea,’ advisor says

A third of new cryptocurrency investors are primarily motivated by friends to make their purchase. It may not always be sage advice, experts warn.

Published 28 April 2023
Categorised as Finance News

Mark Cuban says he could get people to pay $100 for Twitter’s blue checkmarks—Elon Musk’s strategy is a ‘huge mistake’

Billionaire entrepreneur Mark Cuban said Elon Musk made a “huge mistake” with Twitter’s new blue checkmark system. Here’s what he recommended instead.

Published 28 April 2023
Categorised as Finance News

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