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Business

“Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People”

“…his social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of dollars on paper are now officially Trump’s. All told, his net worth increased by more than $4 billion. That means… Continue Reading…

Economy

“U.S. hits new low in World Happiness Report”

“…Why it matters: Some countries, like Finland and Denmark, consistently rank among the world’s happiest. The U.S. isn’t one of them. The big picture: A steady supply of studies has found that Americans feel glum about issues ranging from loneliness to the economy and the… Continue Reading…

Banking, Economy, Real Estate

“China’s property crisis is starting to ripple across the world”

“Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market…… Continue Reading…

Business

“World’s largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks”

“Norway’s giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, one of the world’s largest investors, said the… Continue Reading…

Banking, Economy

“Developing nations spent record $443.5 billion on public debt in 2022, World Bank says”

“Developing countries paid a record $443.5 billion in 2022 to service their public debt as global interest rates surged, according to the World Bank… The cost of servicing debt for the world’s 24 poorest nations could surge by as much… Continue Reading…

Economy

“This is the world’s fastest growing economy, and it could grow an ‘explosive’ 100%”

“…Guyana, a country in South America with a population of about 800,000 people, is projected to grow 38% by the end of the year — an “extremely fast” pace, according to recent GDP forecasts by the International Monetary Fund… BMI, a… Continue Reading…

Precious Metals

“Copper is critical to energy transition. The world is falling way behind on producing enough”

“…Naturally conductive copper is one of the critical minerals — along with lithium, cobalt and nickel — in the manufacturing of electric vehicles, EV batteries, solar panels, wind turbines and the power grids that connect renewable sources to homes and businesses. Yet… Continue Reading…

Banking

“2 California banks are merging into a new $36 billion bank. It’s the latest in a string of consolidations after a crisis rocked the US banking world in March.”

“Shares of Banc of California and PacWest Bancorp got a major boost from news Tuesday that the two lenders will merge in an all-stock deal to create a new bank. PacWest shares surged 31.3% to $10.10 apiece in after-hours trade after news… Continue Reading…

Economy, Precious Metals

“China Controls Minerals That Run the World—and It Just Fired a Warning Shot at U.S.”

“China’s decision this week to restrict the export of two minerals used in semiconductors, solar panels and missile systems was more than a trade salvo. It was a reminder of its dominant hold over the world’s mineral resources—and a warning of its… Continue Reading…

Banking, Economy

“BIS warns world economy at critical juncture in inflation fight”

“LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation…… Continue Reading…