by Jibran Munaf | August 27, 2024 | Finance, News
Investors are betting that a potential pivot from Federal Reserve Chair Jerome Powell will provide much-needed relief for beleaguered regional banks. The optimism surrounding a shift in Federal Reserve policy has led to a significant boost in US bank stocks, with...
by Jibran Munaf | August 27, 2024 | Economy, Finance, News
As the Democratic National Convention unfolded, Kamala Harris and her campaign team set their sights on securing union support in the upcoming election. During a fiery speech, Shawn Fain, president of the United Auto Workers (UAW) union, publicly criticized Donald...
by Jibran Munaf | August 24, 2024 | Corporate Finance, Markets, News
India’s market regulator SEBI imposes trading ban and hefty fines on Anil Ambani and associates for alleged fraudulent activities in Reliance Home Finance. In a major crackdown, the Securities and Exchange Board of India (SEBI) has banned Anil Ambani, the former...
by Vasu Jit Kalia | August 20, 2024 | Wealth Management
Dubai-based Magellen Capital Holdings LTD. is launching a $700 million multi-strategy hedge fund next month, further cementing the city’s status as a global hub. The fund will run equity and credit strategies, according to Britney Lam, head of long-short...
by Jibran Munaf | August 17, 2024 | Breaking, Corporate Finance, News, Trending Now
Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled coffee chain on Sept. 9. As CEO, he’ll be tasked...
by Jennifer George | August 16, 2024 | Finance, Financial Education & Literacy
In a world plagued with crippling inflation, disastrous stock market crashes, and rampant unemployment, it seems only natural for millions of Gen Z to brace for an imminent financial disaster. A 2023 EY study revealed that “money continues to be a growing...
