The stock market is having a great year overall, but the same can’t be said for the shares of many individual companies. The S&P 500, a benchmark index commonly used to measure the performance of the broad U.S. stock market, has hit record high after record high this year as companies posted record earnings and … Read more
In a massive political upset, a neo-Marxist political outsider won September’s presidential election in Sri Lanka. The victory of Anura Kumara—widely known by his initials, AKD—and his People’s Liberation Front (JVP) represents a complete defeat for the country’s traditional elite. It also casts a long shadow of uncertainty over a country emerging from its most … Read more
Ads by Money. We may be compensated if you click this ad.Ad For the first time in years, Americans are living in a world of falling interest rates. With the Federal Reserve cutting its benchmark interest rate in September by half of a percentage point — and more rate cuts likely in the pipeline — … Read more
Teresa Ribera’s appointment as European Union executive vice-president for a Clean, Just and Competitive Transition places her in the hybrid job of EU competition chief, net-zero emissions architect and economic transformer. Replacing Margrethe Vestager, European Commission (EC) vice-president for a Europe Fit for the Digital Age and Competition, Ribera is currently Spain’s third vice-president and … Read more
Global Finance: What’s driving the current interest in sports finance? Neil Barlow: The ownership of major sports franchises has often been the preserve of wealthy billionaires. US investors look toward European soccer and say, “There’s this amazing asset that has global appeal across Asia, the Middle East, South America … but how come their valuations … Read more
Bhutan is banking on a unique mix of abundant energy, a clean environment, and wellness entrepreneurism to lure foreign investors. A constitutional monarchy of 800,000 people, Bhutan is nestled in a region that’s home to nearly 3 billion. Bordered by China to the north and India to the east, west and south, the Himalayan nation … Read more
Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC) have held talks with United Arab Emirates (UAE) officials that could see the semiconductor behemoths establish plants in the swashbuckling Persian Gulf state reportedly worth more than $100 billion. First reported last month, the development comes amid a determined push by the UAE to establish itself as … Read more
Inflation is easing and growth is stabilizing, but geopolitical conflicts and fiscal uncertainty still threaten a global soft landing. Global economic growth will continue expanding this year and hold steady next year, with some weakness in the United States and China and some rebounding in the euro area, according to global forecasts. These say … Read more
Egypt’s government plans to sell a stake in United Bank via an initial public offering (IPO) during the first quarter of 2025. The move comes as Egypt pushes ahead with its privatization program under reforms backed by the International Monetary Fund (IMF). According to a September statement, the Central Bank of Egypt (CBE) sought the … Read more
We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. The $50 bill isn’t nearly as common as other denominations. In fact, it’s on track to be be the least-printed bill in 2024, even behind … Read more