For the first time since the COVID War, hedge funds, insurance companies, money market funds, mutual funds, private equity firms, and other financial institutions that are not banks hold more than half of the world’s financial assets, according to the intergovernmental Financial Stability Board (FSB).
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
As AI continues to take over human jobs, 55,000 layoffs in the U.S. this year were attributed to AI, according to job placement and consulting firm Challenger, Gray and Christmas.
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
Job growth for nonfarm payrolls came in higher than expected for November with 64,000 jobs created, the Bureau of Labor Statistics reported today.
Paramount Skydance’s $108-billion hostile bid to buy out Warner Brothers Discovery was possible because government funding arms in Qatar, Saudi Arabia, and the United Arab Emirates were willing to lend most of that amount to the deal.
On 9 December, silver’s price jumped 4 percent to $60.40 an ounce, its first time above $60. The price closed on 15 December at TK.
Next year, the world will be inundated by an oversupply of oil amid a sluggish global economy, creating a “super glut” of oil, according to Saad Rahim, chief economist for Trafigura, one the world’s leading commodities traders.
As we have detailed, the Trump administration’s laissez-faire attitude toward major mergers and acquisitions has persuaded a growing number of companies “to take a shot at deals that merge direct competitors,” The Wall Street Journal reported after talking with executives, investment bankers, and lawyers in the field.
China’s leading smartphone makers now offer apps that enable iPhone users to switch smoothly to domestically made phones.