by Jibran Munaf | October 25, 2024 | Stocks & Bonds
UBS is advising investors in the Gulf Cooperation Council (GCC) to invest in high-grade bonds and diversify their portfolios internationally to safeguard their wealth against regional geopolitical risks. Michael Bollinger, UBS’s Chief Investment Officer for Global...
by Jibran Munaf | October 25, 2024 | Fintech, Technology
Intel announced plans on Friday to invest over $28 billion to construct two new chip factories in Ohio, a strategic move aimed at expanding its contract manufacturing business and enhancing its competitiveness with global leader Taiwan Semiconductor Manufacturing Co....
by Jibran Munaf | October 25, 2024 | US Elections 2024
Tesla CEO Elon Musk’s high-profile support for Donald Trump’s 2024 presidential campaign may be doing more harm than good, according to a recent Yahoo Finance survey. Musk, set to invest over $100 million in Trump’s campaign and leading a targeted effort in...
by Jibran Munaf | October 25, 2024 | News
The Centers for Disease Control and Prevention (CDC) announced Friday that an E. coli outbreak traced to McDonald’s Quarter Pounders has led to 75 reported cases across 13 states, including 22 hospitalizations and one death of an older adult in Colorado. The outbreak...
by Jibran Munaf | October 25, 2024 | Central Banks, Economy
On Friday, Russia’s central bank implemented a significant interest rate hike, increasing its key rate by 200 basis points to 21% to counter inflationary pressures that exceeded earlier projections. The latest hike follows a prior increase to 19% in September, with...
