Brian Moynihan, CEO of Bank of America, is raising concerns about the U.S. national debt, which has now exceeded $35.7 trillion. This means every American […]
Category: World
Cathie Wood Ark Invest Faces $3.5B Loss in 2024: Teladoc, Ginkgo, Roku Among Hardest Hit – Check Full List
Ark Invest’s Innovation ETF reported a $3.5 billion loss for the fiscal year ending in July 2024, contributing to a total accumulated loss of $22 […]
ECB Lowers Deposit Facility Rate by 25 Basis Points
ECB has reduced the deposit facility rate by 25 basis points. Main interest rate: Now 3.40%, down from 3.65%, as expected. Deposit facility rate: Now […]
September 2024 Survey: 1 in 7 Americans Expect to Miss Debt Payments, Rising to 14.2%—Highest Since April 2020
The Federal Reserve Bank of New York recently released its September 2024 survey, revealing that 1 in 7 American consumers expect to miss a debt […]
Pakistan and China Emphasize Regional Cooperation and Stability at SCO Meeting
Pakistan’s Prime Minister stated that for the region to fully benefit from trade opportunities, Afghanistan must remain stable. He called on Afghanistan to ensure that […]
Facebook, Instagram, and Threads Experience Widespread Outages
Facebook and Instagram are experiencing widespread outages, and many users can’t access the platforms. Threads is also affected by the issue. Thousands of users in […]
China Plans Increased Borrowing to Support Local Governments and Address Hidden Debt
On Saturday, China announced that it will “significantly increase” the amount of government debt it issues. This move aims to provide subsidies to low-income individuals, […]
Summary of Federal Reserve Meeting Minutes: Key Insights and Economic Outlook
Some members of the Federal Reserve noted that there was a reasonable argument for cutting interest rates by 25 basis points during the July meeting. […]
New HBO Documentary Claims to Uncover True Identity of Bitcoin Creator Satoshi Nakamoto
A new HBO documentary claims to have discovered the real identity of Bitcoin’s creator, known as Satoshi Nakamoto. If this information is widely accepted, it […]
U.S. Banks Face $512.9 Billion in Unrealized Losses in Q2 2024 Amid Rising Challenges
In the second quarter of 2024, U.S. banks reported $512.9 billion in unrealized losses on investment securities, marking the 11th consecutive quarter of such losses, […]
EU Approves New Tariffs on Chinese Electric Cars
The European Union (EU) has taken a significant step by approving new tariffs on electric vehicles (EVs) imported from China. This decision, made on Friday, […]
Southwest Airlines Shares Surge as Rakesh Gangwal Invests $107 Million
Southwest Airlines Co. shares have been rising after Rakesh Gangwal, a Indian billionaire co-founder of InterGlobe Aviation Ltd. and a member of Southwest’s board, purchased […]