The United States national debt has surged past the US$36 trillion mark, reaching levels not seen since World War II. With projections showing it climbing […]
Category: Business
US Wealth Surge: 1,000 New Millionaires Created Daily in 2024
America’s millionaire population saw a dramatic increase in 2024, according to the latest Global Wealth Report from investment bank UBS. The report highlights that the […]
Swiss National Bank Cuts Key Rate to Zero Amid Deflation Fears
Switzerland Returns to Zero Interest Rates The Swiss National Bank (SNB) announced a significant shift in its monetary policy on Thursday, cutting its key interest […]
US Tariffs: Fed Waits, Consumers Feel the Bite
The Federal Reserve, under the leadership of Chair Jerome Powell, has maintained its cautious stance on interest rates, holding them steady for the fourth consecutive […]
UK Interest Rates On Hold: Bank Hints at Cuts Amid Uncertainty
The Bank of England has hinted at further interest rate cuts, which could come as soon as August.
UBS: SNB Policy Limits Large Swiss Franc FX Interventions
Leading global wealth manager UBS suggests that significant interventions by the Swiss National Bank (SNB) in the foreign exchange (FX) market are improbable under the […]
1,000 New US Millionaires Daily: UBS Report Reveals 2024 Surge
America’s wealth landscape shifted dramatically in 2024, with a striking surge in the number of individuals reaching millionaire status. According to the latest Global Wealth […]
Predatory Sparrow Burns $90M in Iran Crypto Raid Amid Tensions
Pro-Israel Hackers Target Iran’s Largest Crypto Exchange, Destroying Millions In a significant cyberattack escalating alongside rising Middle East tensions, a hacking collective known as “Predatory […]
America’s Millionaire Boom: 1,000 Added Daily, Holds 40% Global Wealth
The United States is experiencing a significant surge in wealth creation, adding an estimated 1,000 new millionaires every single day. This rapid accumulation of wealth […]
Fed Sounds Stagflation Alarm: Tariffs Threaten Growth & Prices
The specter of stagflation – that unwelcome mix of high inflation and stagnant economic growth – is increasingly on the minds of Federal Reserve officials, […]