Federal Reserve Posts Massive $114 Billion Loss in 2023
On March 26, the Federal Reserve announced a record-breaking net negative income of $114.3 billion in 2023. Reuters reports that the loss follows $58.8 billion in net income in 2022.
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FortuneGrab’s COO thinks there’s ‘tremendous upside’ in fast-growing Southeast Asia after the startup recently reported its first-ever profitable quarter
Alex Hungate wants people to think of the Southeast Asian startup as a data science company, not a ride-hailing and food delivery firm.
- Simply Wall St.
Singapore Technologies Engineering (SGX:S63) Has Announced A Dividend Of SGD0.04
The board of Singapore Technologies Engineering Ltd ( SGX:S63 ) has announced that it will pay a dividend of SGD0.04...
- The Smart Investor
Top Stock Market Highlights of the Week: Nanofilm Technologies, Wilmar International and Digital Core REIT
We review the latest business updates from a growth company and a data centre REIT. The post Top Stock Market Highlights of the Week: Nanofilm Technologies, Wilmar International and Digital Core REIT appeared first on The Smart Investor.
- Simply Wall St.
Be Sure To Check Out UOL Group Limited (SGX:U14) Before It Goes Ex-Dividend
It looks like UOL Group Limited ( SGX:U14 ) is about to go ex-dividend in the next 3 days. The ex-dividend date is one...
- GOBankingRates
Here’s How Much a $1,000 Investment in Intel Stock 10 Years Ago Would Be Worth Today
Given Intel’s household name and status on the Dow Jones Industrial Average for a quarter century, you’d think it would have turned in a superstar performance over the last decade.
- Fortune
With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario ‘nobody is really prepared for,’ UBS exec says
After preparing for a recession, and hoping for a soft landing, the U.S. might end up in an unexpected bout of stagflation.
- Yahoo Finance
A Fed meeting, jobs report, and more Big Tech earnings: What to know this week
After a bounceback week for stocks, a Fed meeting, jobs report, and a busy week of corporate earnings are set to greet investors.
- Insider Monkey
10 Cathie Wood Stocks Insiders are Selling
In this article, we will take a detailed look at the 10 Cathie Wood Stocks Insiders are Selling. For a quick overview of such stocks, read our article 5 Cathie Wood Stocks Insiders are Selling. There was a time Cathie Wood talked about her famous “five-year investment horizon” with confidence, giving investors hope that the high-growth, cash-burning companies she […]
- GOBankingRates
21 Money Lessons That Will Make You Richer, According To Expert Humphrey Yang
If you're looking to increase your net worth, Humphrey Yang has a few tips. The former financial advisor has a YouTube channel dedicated to sharing free financial advice(1). Recently, he created the...
- Insider Monkey
Top 15 Ethereum Competitors and Alternatives in 2024
In this article, we will discuss the top 15 Ethereum competitors and alternatives in 2024. If you want to skip our analysis about some of the key players in the cryptocurrency market, you can proceed to the section highlighting the Top 5 Ethereum Competitors and Alternatives in 2024. The Global Cryptocurrency Market and a Comparison […]
- Moneywise
‘Now is the bottom’: Ron Baron says Tesla to ‘go up huge now’ and all cars will be electric in 10-15 years
Will Baron's prediction of an all-electric future come true?
- Reuters
China Q1 industrial profits' growth pace stirs doubts about economic recovery
BEIJING (Reuters) -China's industrial profits fell in March and slowed gains for the quarter compared to the first two months, official data showed on Saturday, raising doubts about the strength of a recovery for the world's second-biggest economy. Cumulative profits of China's industrial firms rose 4.3% to 1.5 trillion yuan ($207.0 billion) in the first quarter from a year earlier, National Bureau of Statistics (NBS) data showed, slower than a 10.2% rise in the first two months. The reading complemented a slew of economic indicators for March such as retail sales and industrial output that pointed to frail domestic demand despite solid first-quarter GDP growth.
- Reuters
Exclusive-Chinese brokerage CICC cutting dealmakers' base pay by 25%, sources say
China International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijing's austerity drive. CICC didn't immediately respond to Reuters' request for comment on Sunday. The salary cuts will affect more than 2,000 bankers, and come after one of the largest investment banks in China by headcount trimmed bankers' bonuses last year by up to 40%, as Reuters reported in April last year.
- Moneywise
Most boomers and Gen X wish they'd saved for retirement earlier, study says. Here are 3 ways to catch up ASAP
Hindsight is 20/20.
- Yahoo Finance Video
Microsoft is 'the highest quality company one can own': Analyst
With Wall Street at the center of a busy tech earnings cycle, investors may seek to identify tech stocks worth adding to their portfolios. Washington Crossing Advisors Senior Portfolio Manager and Co-Founder Chad Morganlander joins Market Domination for the latest edition of Good Buy or Goodbye, providing insight on the hottest tech plays. Morganlander names Microsoft (MSFT) his "good buy," claiming it is the "highest quality company one can own," with its rising dividend payment to investors. He also cites its highly diversified AI strategy and subscription models, which lower earnings volatility. The senior portfolio manager calls IBM (IBM) his "goodbye," claiming it is a lower-quality company with a high valuation for its debt. The infrastructure and consulting units of the company are also lagging, he adds. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Simply Wall St.
Should Weakness in Tactile Systems Technology, Inc.'s (NASDAQ:TCMD) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
With its stock down 9.8% over the past month, it is easy to disregard Tactile Systems Technology (NASDAQ:TCMD...
- GOBankingRates
8 Ways Middle-Class People Become Poor in Retirement
After working for most of your adult life, the last thing you want to do is stress about your finances and paying hefty bills in your golden years. You want to enjoy your retirement after committing...
- GOBankingRates
I’m a Financial Planner: Here’s What I’d Do with My Money if I Won the Lottery
Winning the lottery seems like it would be a financial dream. A windfall of money to come and fix all your problems and buy the luxury vacation you've always dreamed of. You've probably daydreamed at...
- Reuters
Deutsche Bank to make provision for Postbank suit that will hit Q2 profit
Deutsche Bank AG said a court ruling in a years-long litigation over its takeover of Postbank will require it to make a legal provision that will impact its second quarter and full-year profitability. Germany's flagship lender said that the Higher Regional Court of Cologne had on Friday assessed the claims of certain former Postbank shareholders that a higher offer price should have been paid for the 2010 takeover. "While Deutsche Bank continues to disagree strongly with this assessment, the court's statements will impact Deutsche Bank's estimation of the probability of a future outflow, resulting in a legal provision in the second quarter of 2024."
- The Telegraph
The ridiculous tax that has doomed a generation to financial ruin
The Government is reported to be considering a tax break on stamp duty in the 2024 Autumn Statement.