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3 mins read
RBI unlikely to cut interest rate in 2024, food inflation to be deciding factor, says SBI chief Setty
The US Federal Reserve's first cut in interest rates in more than four years happened today, tr…
2 mins read
In the long run, rate cut by Fed will be favourable for most US banks: Moody's
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs …
1 min read
The Archegos disaster isn't over yet for banks as the feds reportedly revive criminal antitrust probe
Wall Street banks that lost billions in the 2021 Archegos collapse are being probed for potential a…
Filip De Mott
1 min read
Oracle's Larry Ellison is now the world's 4th-richest person after a $57 billion wealth surge this year
Larry Ellison has overtaken LVMH's Bernard Arnault, Microsoft's Bill Gates and Steve Ballmer, and G…
Theron Mohamed
1 min read
Individuals earning over Rs 10 cr rise by 63% in India; financial assets of high net worth individuals to nearly double by 2028
A recent report shows a significant increase in wealthy Indians, with those earning over Rs 10 cror…
2 mins read
'Shark Tank' star Kevin O'Leary says get married sooner, have more kids — and forget about the costs
Kevin O'Leary of "Shark Tank" fame said he regrets waiting until 36 to get married, and wishes he c…
Theron Mohamed
2 mins read
Americans are losing more money to crypto scams than ever
Americans lost $5.6 billion to cryptocurrency scams in 2023, a 45% increase, the FBI said.
Kenneth Niemeyer
2 mins read
The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, a…
Lakshmi Varanasi
1 min read
Meet the 10 biggest wealth gainers this year who've added a combined $360 billion to their fortunes in 2024
This year's biggest wealth gainers include Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and O…
Theron Mohamed
2 mins read
Jensen Huang is $60 billion richer this year thanks to Nvidia's soaring stock — and just rejoined the $100 billion club
Nvidia CEO Jensen Huang's wealth surged by about $14 billion in four days due to the chipmaker's st…
Theron Mohamed
2 mins read
'Shark Tank' star Kevin O'Leary warns couples not to combine finances: 'I don't care how in love you are'
Kevin O'Leary of "Shark Tank" fame urged couples to keep their cards and accounts separate or risk …
Theron Mohamed
4 mins read
I insisted on a prenup with my future husband. I make more than him and want to protect my assets.
Ashley Mason knew before she even met her fiancé that she would want a prenup to protect her market…
Jen Glantz
2 mins read
Berkshire's vice-chair just cut his stake in Buffett's company
Ajit Jain, Berkshire Hathaway vice-chair, just sold half of his company stake. At the end of August…
Lian Kit Wee
3 mins read
I spent nearly $3,000 on a Disney vacation. I'm canceling all my plans this month to limit my spending.
I spent more money than expected on a Disney vacation, so I'm cooking most meals at home this month…
Frank Olito
2 mins read
Most US millionaires don't consider themselves 'wealthy,' study finds
A new study found that only 32% of US millionaires surveyed see themselves as "wealthy," with many …
Joshua Nelken-Zitser
2 mins read
Walmart heir Jim Walton just joined the $100 billion club
Jim Walton, whose father founded Walmart, joins the likes of Elon Musk and Jeff Bezos as one of the…
Theron Mohamed
2 mins read
JPMorgan just capped bankers' work at 80 hours a week — but there's still one big exception
Two Wall Street banks are cracking down on young bankers' working hours, as the industry grapples w…
Shubhangi Goel
1 min read
Rise in cess, surcharge shrinking states' share in divisive pool of taxes: Kerala CM
Vijayan was speaking at a conclave of five non-BJP-ruled states organised by Kerala to discuss the …
2 mins read
India's strong economic recovery is led by fiscal expenditure: DSP MF
India's tax collections have also demonstrated robust growth, with gross tax revenue showing a five…
1 min read
Private credit deals to touch $10 billion in 2024, says EY report
Major deals were seen across real estate, infrastructure, and healthcare sectors in the first half …
2 mins read
Consumption loan portfolio expands 15% to Rs 90 lakh crore in FY24, notes CRIF report
The home loans portfolio saw growth slowing down to 7.9 % YoY in FY24, from the 23 % expansion seen…
3 mins read
Mpox outbreak: Understand what your insurance covers for Mpox treatment
Common symptoms of the infection include rashes on face, hands, feet and mouth. Mpox is generally c…