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Financial News Around the World

I just traveled to Argentina — and doubled my money with a ‘black market’ exchange rate

Hyperinflation has fueled the creation of multiple exchange rates in Argentina, where cash is king. There’s a legal way for tourists to get a preferential rate.

Published 11 March 2023
Categorised as Finance News

Inflation isn’t dampening people’s desire to travel — but travel companies may be missing a trick

Inflation and higher living costs may be weighing on consumers’ wallets, but there’s one area many are unwilling to cut back on: their desire to travel.

Published 11 March 2023
Categorised as Finance News

Companies scramble to meet payroll, pay bills after SVB’s swift failure

Tech companies that banked at SVB are wondering when they’re going to be able to pay employees and their bills after Friday’s collapse.

Published 10 March 2023
Categorised as Finance News

Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours

As dust begins to settle on the biggest American bank failure since 2008, members of the VC community lament the role other investors played in SVB’s demise.

Published 10 March 2023
Categorised as Finance News

Silicon Valley investors and founders express shock, describe struggles to get money out of SVB

The technology industry is struggling to make sense of and account for potential repercussions of Silicon Valley Bank’s sudden collapse.

Published 10 March 2023
Categorised as Finance News

Biden’s budget pushes to renew bigger child tax credit payments for families

President Biden wants larger child tax credits for parents as part of the pro family policies in his budget. But getting Congressional approval won’t be easy.

Published 10 March 2023
Categorised as Finance News

Wage growth is cooling — but workers still have bargaining power, economists say

The Federal Reserve is trying to rein in historically high wage growth to tame inflation. Overall, the job market remains hot for workers, economists said.

Published 10 March 2023
Categorised as Finance News

Wage growth is cooling — but workers still have bargaining power, economists say

The Federal Reserve is trying to rein in historically high wage growth to tame inflation. Overall, the job market remains hot for workers, economists said.

Published 10 March 2023
Categorised as Finance News

Just like that: Market pricing swings back to quarter-point Fed rate hike

One bank implosion and a cooperative jobs report later, and the market has changed its mind.

Published 10 March 2023
Categorised as Finance News

Stocks making the biggest moves midday: Signature Bank, First Republic, Oracle and more

Regional banks led Friday’s losses amid the Silicon Valley Bank shutdown.

Published 10 March 2023
Categorised as Finance News

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