The ultra-wealthy population in China, those individuals with a net worth of at least $30 million, is expected to increase by almost 50% in the coming years. Projections from a recent Knight Frank wealth report indicate that the number of ultra-rich individuals in China will rise to 144,897 by 2028 from 98,551 in 2023. This
Dutch challenger bank Bunq has revealed its ambitious plans to grow its global headcount by 70% in 2024, reaching over 700 employees. The company, operating in various markets across the European Union, aims to expand into new regions such as the U.K. and the United States to compete with established fintech players like Monzo, Revolut,
The clean energy sector is facing a period of uncertainty with the upcoming presidential debate between Vice President Kamala Harris and former President Donald Trump. This sector has been a battleground for policies and ideologies, with the Biden administration showing support for clean energy initiatives, while Trump expressed skepticism towards them. Despite this, clean energy
In a recent development, a top Federal Reserve official has announced significant changes to a proposed set of U.S. banking regulations. These changes aim to reduce the extra capital that the largest institutions will be required to hold, thereby altering the landscape of financial oversight in the country. The original regulatory overhaul, known as the
JPMorgan Chase shares took a significant hit on Tuesday following a statement made by the bank’s president, Daniel Pinto, regarding the expectations for net interest income (NII) and expenses in 2025. Pinto expressed his skepticism about the optimistic estimates for the upcoming year, particularly in light of potential interest rate cuts by the Federal Reserve.
The National Football League (NFL) has been making significant strides in its approach to media distribution and audience engagement through the implementation of exclusive streaming deals with various media companies. The decision to incorporate streaming into the league’s media rights deal worth $111 billion signed in 2021 marked a pivotal moment in its efforts to
In the midst of a heated election season, the focus has shifted to potential changes in capital gains taxes and how they could influence investments. Democratic Vice Presidential nominee, Kamala Harris, made headlines last week with a proposal to set the long-term capital gains tax at 28% for individuals earning more than $1 million annually.
Dollar Tree suffered a significant blow in the stock market, with shares plummeting more than 15% following the discounter’s decision to revise its full-year outlook. The retailer now anticipates consolidated net sales to range between $30.6 billion and $30.9 billion, along with adjusted earnings per share falling between $5.20 and $5.60. This marked a stark
Dubai’s property market is currently experiencing unprecedented growth, with 2024 poised to be another record-breaking year in terms of sales and property values. The surge in demand, particularly in the luxury segment, has led to skyrocketing prices not only in residential properties but across the board in the city. This surge in demand comes at
The energy sector has been facing significant challenges, with West Texas Intermediate futures falling 4.3% and Brent futures falling 3.7% to their lowest settle since December 2021. Energy is currently the worst performing sector in the S&P index for various time periods, including one-, three-, and six-month periods, as well as year-to-date and the past