Sections

ideals

Business Essentials for Professionals



Markets

US Fed Report Finds Pace Of Hike In Household Debt Fastest In 15 Years Due To Increased Credit Card Usage

In its latest report, the US Federal Reserve said that household debt in the country increased at the fastest rate in 15 years during the third quarter, owing to significant increases in credit card usage and mortgage balances.   Total debt increased by $351 billion from July...

Despite High Inflation, Record $9 In Online Sales For US Black Friday Sale

According to Adobe, which tracks sales on retailer websites, consumers spent a record $9.12 billion online this Black Friday.   Overall online sales for the day after Thanksgiving were up 2.3% year over year, with electronics playing a major role, with online sales increasing 221% over an...

How The Global Tech Industry Lost $7.4 Trillion In 2022

It seems like an eternity ago, but it was only a year ago. The Nasdaq Composite had just reached its peak in 2021, having more than doubled since the beginning of the pandemic. Rivian's mega-IPO was the latest in a record-breaking year for new issues. Hiring was brisk, and tech workers reveled in...

'Metaverse' Amongst Top Three Contenders For Oxford's Word Of The Year For 2022

The term "metaverse" is amongst of top three contenders for the title of Oxford "Word of the Year" (WOTY) within a competition conducted by Oxford University Press (OUP), the publisher of the Oxford English Dictionary.   On November 22, OUP officially announced the launch of...

Consumer Credit Rating Agencies Require Reform, Says UK Watchdog

The Financial Conduct Authority said on Tuesday that Britain's 'highly concentrated' consumer credit ratings market, which is used to obtain loans, is not working well and that a new industry body is needed to help improve the quality of scores.   Experian, Equifax, and TransUnion account...

The Silver Institute Predicts The Largest Deficit In Decades For Silver

According to the Silver Institute on Thursday night, the world's demand for silver is anticipated to increase 16% this year to 1.21 billion ounces, resulting in the largest deficit in decades.   According to the institute, record levels were anticipated for the use of silver by industry, in...

As The Cryptocurrency Market Collapses, Binance Intends To Purchase Rival FTX

To help with a "liquidity crunch" at the rival exchange, cryptocurrency giant Binance signed a non-binding agreement on Tuesday to purchase FTX's non-U.S. unit. This stunning bailout has renewed investor concerns about cryptocurrencies.   Sam Bankman-Fried, the CEO of FTX, and Changpeng...

With Declining Yen, Tech-Obsessed Japan Purchases Used iPhones

A falling yen has made new iPhones out of reach for some consumers and sparked a growing secondhand trade in a significant market for Apple Inc. For years, Japanese consumers eagerly paid top dollar for the newest gadgets.   The Japanese yen's decline to a 32-year low against the dollar has...

Major Changes In China’s Covid Policy Soon, Says Former Govt Expert

A former Chinese disease control official said, in a conference held by Citi on Friday, that China will make significant changes to its "dynamic-zero" COVID-19 policy in the upcoming months, according to a recording of the session as reported by the media.   Separately, according to three...

South Korea Broadens Its Corporate Bond-Buying Initiative In Response To Credit-Crisis Fears

With growing concerns in bond and short-term money markets about a credit crunch, South Korea's government has decided to broaden its corporate bond-buying program, along with taking up other liquidity-supply measures.   Choo Kyung-ho, Minister of Economy and Finance, announced on Sunday...

Urgent Talks With Chip Companies Held By China In Response To US Tariffs: Reports

According to Bloomberg News, China's Ministry of Industry and Information Technology has held a series of emergency meetings with leading semiconductor companies over the last week to assess the impact of US chip restrictions.   According to the report, the ministry summoned executives from...

Alternatives For Europe If Russia Cuts Off Gas Supply

Unknown damage to the Nord Stream pipelines running beneath the Baltic Sea has dashed hopes that Russian gas flow to Germany will resume soon.   Nord Stream 1 had been shut down for maintenance since the end of August, raising concerns about supply to Europe if the outage was prolonged....
1 2 3 4 5 » ... 62