Information asymmetry could chip away at $310,000 from every $1 million in family wealth, posing a hidden challenge within families on the road to financial success. How can this be prevented?
The S&P 500 closed at 5,099.96, up 2.70% for the week; the Dow Jones at 38,239.66, up 0.70%; the tech-heavy Nasdaq at 15,927.90, up 4.2%%.
It touched 160.17 in morning trade -- its weakest since 1990 -- fanning speculation that Japanese authorities would step in to support their currency for the first time since 2022. But it briefly bounced to 155.05, with Bloomberg reporting that the move suggested investors were weighing the prospect that officials would step in.
Price pressures remained elevated in March, fresh data from the Commerce Department showed Friday, as the personal consumption expenditures (PCE) price index exceeded forecasts.
Trading started on the wrong side for Wall Street bulls on Thursday morning. All major asset categories headed south on worries that the U.S economy is heading into stagflation. That's a situation of slowing economic growth and rising inflation.
Blindsided by a subpar report on U.S. economic growth, Wall Street reacted swiftly and strongly Thursday as all three major indices saw significant declines.
Bitcoin enthusiasts always have myths to defend the digital currency and its peers. One of the myths held in the early days was that Bitcoin is a hedge against inflation, as it isn't subject to the manipulation of central governments.
Argentina's spending-slashing new President Javier Milei has hailed his country's first quarterly budget surplus since 2008 as an "historic achievement."
Inflation for branded essential consumer goods is easing, helping slow down the rising cost of living that has undermined household budgets nationwide, according to Procter & Gamble Company's (P&G) third-quarter earnings report released last Friday.
Bitcoin "halving," and earnings from ASML Holding, Taiwan Semiconductor Manufacturing Co, and Netflix took Wall Street for a wild ride last week, with the CBOE Volatility Index spiking close to 25%.
Nestled in the heart of Cape Town (registration number 2022/734726/07), AfriMarkets is gearing up to revolutionize the game with its strategic hook-up with a third-party liquidity provider.
Consumer price data released by the U.S. Bureau of Labor Statistics (BLS) shows that car insurance premiums rose at a whopping annual rate of 22.2% in March, well above the 3.5% rise in the Consumer Price Index (CPI).
European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent."
According to the Consumer Price Index (CPI), a broad measure of the average change over time in the price of a market basket of consumer goods and services, inflation headed in the wrong direction again in March, up rather than down.
Beijing has set a target of around five percent growth for the year, a goal officials last month admitted would "not be easy" and which analysts said was ambitious given the headwinds the country is confronting.
Until now, existing data has combined the mosaic experiences of the AAPI communities into a single data point, disregarding the cultural and historical diversity among Asian Americans.
Retail sales in the United States grew more than anticipated last month, government data showed on Monday, defying predictions of weaker consumer demand.
The digital currency hovered around $70,000 most of the week. But it had a tumultuous weekend, falling below $62,000 Saturday before heading back toward $65,000 Sunday morning.
China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.
U.S. stocks nose-dived during early trading Friday as major banks kicked off a disappointing start to their earnings season.
Several major U.S. airlines and certain unions have called on the Biden administration to halt approval for additional flights connecting the United States and China, citing what they term "anti-competitive" measures imposed by China against U.S. carriers.
Blue Owl Capital's acquisition of Prima Capital Advisors for $170 million marks its entry into real estate finance.
March's Producer Price Index (PPI) climbs by 0.2%, falling short of estimates, signaling potential relief from inflationary pressures.
Jack Ma breaks years of silence to endorse Alibaba's comprehensive restructuring, praising the company's leadership.
The latest CPI report for March unveils a sharp uptick in inflation to 3.5%, posing a significant test to the resilience of the economy.
Stretched valuations and diminished expectations of interest rate cuts make U.S equities vulnerable to sell-offs, David Bahnsen, chief investment officer of The Bahnsen Group, said.
Costco's venture into gold sales has become a roaring success, with analysts estimating monthly revenues soaring to $200 million.
HSBC announced its agreement to sell its business in Argentina for $550 million, with a $1 billion pre-tax loss in the first quarter of 2024.
Trump Media witnesses a significant drop in share prices, shedding over 10% following doubts about revenue generation and sustainability.
Inflation could remain elevated for longer than expected, posing a risk to the US economy's near-term health, JPMorgan Chase Chief Executive Jamie Dimon said Monday.