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Financial News Around the World

New billionaires getting rich via inheritance rather than entrepreneurship in ‘great wealth transfer’

“The great wealth transfer” is picking up steam as billionaires are acquiring more wealth through inheritance than entreprenuership

Published 30 November 2023
Categorised as Finance News

‘The great wealth transfer’ is here: Billionaires set to transfer trillions to their kids

New billionaires made more of their fortunes from inheritance than from entrepreneurship in recent months, according to the UBS Billionaire Ambitions Report.

Published 30 November 2023
Categorised as Finance News

See inside Tennessee’s most expensive home at $65 million, just outside Nashville

There has been a shift in interest toward Middle Tennessee as wealthy buyers look for the large acreage and rural lifestyle of a farm.

Published 30 November 2023
Categorised as Finance News

Tour Tennessee’s $65 million mansion

Twin Rivers Farm could break records as Tennessee’s priciest home if it fetches its $65 million asking price.

Published 30 November 2023
Categorised as Finance News

Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

The personal consumption expenditures price index was expected to increase 0.2% in October on a monthly basis and 3.5% from a year ago.

Published 30 November 2023
Categorised as Finance News

What one Swiss bank’s troubles can tell us about market vulnerabilities — and social media

The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single client.

Published 30 November 2023
Categorised as Finance News

How a tax break of up to $3,200 can help heat your home more efficiently this winter

Homeowners can write off 30% of costs for upgrades such as installing energy-efficient doors, windows and insulation, up to a dollar cap.

Published 30 November 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Salesforce, Snowflake, Pure Storage and more

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

Published 30 November 2023
Categorised as Finance News

Here’s how three educators are teaching financial literacy in Nashville-area schools

Tennessee is one of 23 states with a personal finance requirement for high school graduation. Here’s what students are learning in Nashville-area schools.

Published 30 November 2023
Categorised as Finance News

Zepz, a $5 billion fintech unicorn, is laying off more staff

Zepz, which is backed by TCV, Accel, Leapfrog and other major VCs, told CNBC exclusively that it laid off 30 roles across its people and marketing functions.

Published 30 November 2023
Categorised as Finance News

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