The US national debt has skyrocketed to a $34 trillion, a milestone in the nation’s financial history. The pace at which this debt has accumulated questions about the economic stability that lie ahead.
Bitcoin soared above $45,000 on Tuesday, making its highest level since April 2022. The surge is attributed to a combination of factors, including optimism surrounding the approval of exchange-traded spot bitcoin funds (ETFs) and rising expectations of interest rate cuts by major central banks.
South Korea has made headlines by re-imposing a ban on short-selling of stocks in its domestic market until June 2024. This decision has raised discussions and concerns among investors, market analysts, and policymakers.
Sam Bankman-Fried has been found guilty of fraud and conspiracy following a month-long trial in New York. The verdict fall from grace for the 31-year-old former billionaire who was once at the forefront of the cryptocurrency industry.
HSBC, recently made headlines with the announcement of a new $3 billion share buyback program and third-quarter profits. Despite missing market expectations, HSBC’s performance and strategic moves indicate a promising future for the banking giant.
Late reports from the World Bank reveal disturbing statistics, roughly 40% of Pakistan’s population is currently living beneath the poverty line. This trend has been exacerbated by a blend of financial burdens, insufficient policies, and a deeply entrenched network of vested interests.
Nvidia Corporation, a leading chipmaker renowned for its advanced graphics processing units (GPUs), recently announced impressive financial results that triggered a significant rally in AI stocks.
The luxury stocks market took a hit on Tuesday as concerns over a potential US spending slowdown grew. European-listed luxury companies, including LVMH, Hermes, and Kering, experienced a significant decline in their stock prices, leading to a loss of nearly $30 billion in market value for the sector.
The European Union (EU) has taken a momentous step forward in the regulation of cryptocurrency by approving the world’s first comprehensive set of rules.
When it comes to personal finance, understanding your net worth is one of the most important concepts to grasp. Simply put, net worth is the difference between your assets (what you own) and your liabilities (what you owe).
