Tag: Economy

2/2 © Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar 2/2 (Reuters) -Banks are facing cutthroat competition to hire and are being forced to pay more to recruit and keep talent, with both Citigroup Inc (NYSE:C) and…

Legendary investor Bill Miller showed some big love for cryptocurrency as the billionaire and fund manager said that bitcoin and other cryptos now represent around 50% of his personal assets. Miller made his revelation during a video interview with WealthTrack, saying that he views bitcoin as “insurance” against financial catastrophes and government overreach. He said he invested in bitcoin…

© Reuters. FILE PHOTO: The U.S. Federal Reserve Building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File Photo By Tommy Wilkes LONDON (Reuters) – As speculation grows about when the Federal Reserve will begin reducing the size of its balance sheet, some analysts say the era of “quantitative tightening” has already started. Central bank…

Dividend stocks are the best way for investors to cope with inflation, says renowned Wharton School finance professor Jeremy Siegel. Inflation rose to the fore again Wednesday, when the government reported that consumer prices jumped 7% last year, the biggest 12-month increase in 39 years. “Dividend stocks are protected against inflation, because firms have been…

2/2 © Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUTERS 2/2 By Howard Schneider and Ann Saphir (Reuters) -Federal Reserve Chair Jerome Powell, in a congressional hearing…

2/2 © Reuters. FILE PHOTO: A helicopter flies over the ski resort during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020. REUTERS/Denis Balibouse 2/2 By Carolyn Cohn LONDON (Reuters) – Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three…

© Reuters. FILE PHOTO: Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it disbursed about $2.9 billion in Emergency Rental Assistance funds to 665,000 renters and landlords during…

SHANGHAI, Jan. 7, 2022 /PRNewswire/ — Qiming Venture Partners, a leading venture capital firm in China, is pleased to announce the promotions of Bonnie Wang and Dr. Kan Chen to Partner, and Xiaofei Zhou to Vice President. In addition, there are eight promotions from the finance, legal and administrative support teams. In the fifteen years…

U.S. stock futures were mixed Thursday morning, with the Dow Jones Industrial Average and S&P 500 poised for a higher open and the tech-heavy Nasdaq on track for more losses amid expectations the Federal Reserve will pull back on economic stimulus sooner than expected to tamp down inflation. Futures contracts tied to the Dow Jones…

© Bloomberg. China Customs officers raise a Chinese flag during a rehearsal for a flag-raising ceremony along the Bund past buildings in the Lujiazui Financial District at sunrise in Shanghai, China, on Tuesday, Jan. 4, 2022. A wall of maturing debt and a surge in seasonal demand for cash will test China’s financial markets this…