News

Posted on February 28, 2024 by James Miller

As spring approaches, the housing market braces for higher mortgage rates and tighter inventory, signaling a new norm for buyers and sellers alike. Per the National Association of Realtors, the market has shown signs of activity resurgence, with existing home sales seeing increasing 3.1% from December to January. This period also saw a slight 2% […]

Posted on February 27, 2024 by James Miller

A deal to merge Capital One and Discover Financial, valued at $35.3 billion, is poised to reshape the financial landscape, enhancing the combined entity’s influence in the global payment network. Shareholders of Capital One and Discover will hold 60% and 40% stakes, respectively, in the merged company. Richard Fairbank, CEO of Capital One, sees the […]

Posted on February 26, 2024 by James Miller

Aris Mining Corporation, a prominent gold producer in the Americas, is scheduled to release its full-year operations and financial results for 2023 on March 6, 2024.  The Vancouver-based company will also host a conference call on March 7 to discuss these outcomes, offering webcast and telephonic participation options for interested parties. The company’s strategic expansion […]

Posted on February 26, 2024 by James Miller

Inflation’s persistent rise has left American consumers reconsidering their loyalty to brands that have escalated prices. This is particularly noticeable in the food industry, with brands like Panera Bread losing their devoted customers due to a significant hike in soup prices. As reported by NBC News, Brooke Benson of Orlando, Fla., says that the price […]

Posted on February 21, 2024 by James Miller

Despite facing three years of market downturns and geopolitical tensions, U.S. asset managers are gearing up for a recovery in China’s markets by launching new investment products. They are betting on a rebound, encouraged by lower stock valuations in China compared to the U.S. China’s financial markets have struggled due to a property crisis, slower […]

Posted on February 21, 2024 by James Miller

On Thursday, the Biden administration unveiled a significant update on a new student loan forgiveness plan aimed at helping borrowers experiencing financial difficulties. This disclosure comes ahead of planned public hearings, signaling a move towards addressing the persistent issue of student debt. This plan, developed under the Higher Education Act, aims to create a more […]

Posted on February 21, 2024 by James Miller

Nest, the UK’s largest defined contribution pension scheme with assets totaling £36 billion ($45 billion), plans to increase its private assets holdings to up to 30% of its portfolio, marking a significant shift towards alternative investments within a major UK retirement scheme. This strategic move was announced by Stephen O’Neill, head of private markets at […]

Posted on February 19, 2024 by James Miller

In January 2024, the Consumer Price Index (CPI) saw a notable increase of 0.3%, surpassing expectations as annual inflation rates climbed to 3.1%. This unexpected rate signals persistent inflationary pressures within the U.S. economy, challenging consumers and policymakers alike. The CPI’s rise reflects broader economic trends, including increased costs in sectors such as housing, food, […]

Posted on February 19, 2024 by James Miller

As the global markets reopened following the Lunar New Year holiday, expectations were high for China’s markets to showcase strong performance. However, gains have been modest, with China’s central bank opting not to cut rates further, which could limit downward pressure on the yuan amidst looming deflation concerns. Meanwhile, Japan’s Nikkei Index is witnessing a […]

Posted on February 19, 2024 by James Miller

This year, American taxpayers might anticipate larger tax refunds, potentially increasing by up to 10% due to IRS adjustments reflecting last year’s high inflation. The IRS’s yearly adjustments to the tax brackets and standard deductions are behind the anticipated increase in tax refunds. Last year saw the tax brackets adjusted upwards by an unprecedented 7.1%, […]