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.
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.
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.
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.
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.
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.
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.
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.
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.
Millionaires are abandoning the UK in their droves, new research shows
A record number of millionaires is expected to leave the U.K. this year, according to a new report, with this year’s election expected to exacerbate the exodus.