According to a report from the Boston Consulting Group, if global banks take significant action to encourage growth and increase productivity, they might increase their valuations by a total of $7 trillion over the course of the next five years…. Read More ›
Month: January 2024
Largest Of The US Banking Firms Let Go Of Roughly 17,000 Workers The Challenging Year 2023
The US financial giants Wells Fargo, Bank of America, and Citigroup revealed in their fourth-quarter reports that they cut their workforces by a total 17,700 last year. Banks terminated staff members or ceased hiring new ones last year as dealmaking dried… Read More ›
US Political Advertising Expenditures To Rise 30% In 2024 Due To The Digital Explosion
According to research firm Insider Intelligence, political advertising expenditure in the United States is predicted to increase by 30% this year compared to the previous presidential election in 2020, in part due to increased spending on digital platforms. According to… Read More ›
With Continuing Decline In Prices, Deflationary Pressures On China’s Economy Are Intensifying
December saw a third consecutive month of declines in factory-gate prices and consumer prices in China, underscoring ongoing deflationary pressures in an economy that is finding it difficult to make a sustainable recovery. The consumer price index (CPI) increased 0.1%… Read More ›
Escalation Of Tensions In The Middle East Upsets The Market’s Risk Balance
Global investors, who entered 2024 uncertain about the duration of stock market rallies and the timing of rate cuts by central banks, may decide to reduce their risk exposure as a result of the abrupt escalation of the Gaza conflict…. Read More ›
Recession In The UK Economy Is A Possibility In Spite Of Growth In November
The British economy expanded somewhat faster than anticipated in November, but it is still vulnerable to a modest recession, which might be detrimental to Prime Minister Rishi Sunak ahead of the anticipated 2024 election. After declining by 0.3% in October,… Read More ›
Why A US Bitcoin ETF Is An Opportunity Game Changer For Cryptocurrency
The United States Securities and Exchange Commission (SEC) has approved exchange-traded funds (ETFs) that follow the price of bitcoin, a game changer for the cryptocurrency industry, which has been trying to launch such a product for more than ten years…. Read More ›
Global Electric Car Sales Grew 31% In 2023, According To Rho Motion
Global sales of fully electric and plug-in hybrid vehicles (PHEVs) increased by 31% in 2023, down from 60% in 2022, according to market research firm Rho Motion. “The pace of growth is slowing, but that’s what’s expected in growing markets… Read More ›
Is The Chinese Consumption Boom Over? This Is What Experts Have To Say
Following a year of patchy and poor post-pandemic recovery in 2023, China’s consumer mood may begin to improve this year. Last year, the world looked to China’s grand reopening as a trigger to lift the global economy out of its… Read More ›
Investors Are Tentatively Bullish About Europe In 2024 – Summary Of What To Watch Out For
After a tumultuous 2023, many predict the European economy is poised for a transitional year as significant impediments — high inflation and increasing interest rates — recede into the past. Despite the eurozone’s difficult economic background, the pan-European Stoxx 600… Read More ›