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Financial News Around the World

These groups help people of color and the LGBTQ+ community find a ‘radically inclusive space’ in the outdoors

Nonprofits such as Hoods to Woods, Edge Outdoors and Unlikely Riders are dedicated to creating communities in the outdoors for marginalized people.

Published 19 June 2024
Categorised as Finance News

Fitch pushes back China rate cut expectations to next year as Fed holds interest rates steady

Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year.

Published 19 June 2024
Categorised as Finance News

The UAE is set to be the No. 1 ‘wealth magnet’ in the world, new report shows

A record-breaking 128,000 millionaires are expected to relocate in 2024, according to the Henley Private Wealth Migration Report.

Published 19 June 2024
Categorised as Finance News

UK inflation falls to Bank of England’s 2% target ahead of elections

The Office for National Statistics released inflation figures for May on Wednesday.

Published 19 June 2024
Categorised as Finance News

Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO

British fintech firm Zilch says it’s raised $125 million in debt from Deutsche Bank to help it further its path toward an eventual initial public offering.

Published 19 June 2024
Categorised as Finance News

The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator

As the jobless level has ticked up in recent months, the “Sahm Rule” has generated increasing talk on Wall Street.

Published 18 June 2024
Categorised as Finance News

Steve Cohen is set to make a big push into investing in AI

Steve Cohen’s Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom.

Published 18 June 2024
Categorised as Finance News

Stocks making the biggest moves midday: La-Z-Boy, Rocket Lab USA, NextEra Energy and more

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

Published 18 June 2024
Categorised as Finance News

Investors are the most bullish since November 2021, a widely followed survey shows

Money managers don’t see a recession, and are betting big on equities — especially the Magnificent Seven.

Published 18 June 2024
Categorised as Finance News

Gen X stands to gain the most wealth from the $84 trillion wealth transfer

According to Wealth-X, the average age of individuals in North America set to inherit fortunes from parents worth $5 million or more is 46.1 years old.

Published 18 June 2024
Categorised as Finance News

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