Chinese Millionaires Set to Depart as Economy Slows and Political Controls Tighten A new report by investment migration consultancy Henley & Partners predicts that the exodus of Chinese millionaires will…
Category: Finances
Consumer Debt Surpasses $17 Trillion Milestone Amidst Decline in Mortgage Demand
Consumer Debt Reaches Record High Consumer debt in the United States has surpassed a significant milestone, reaching a new high of over $17 trillion in the first quarter of 2023,…
US Banking Crisis Unveiled: Troubles at Pacific Western and Silicon Valley Banks
Pacific Western Bank, a regional bank based in San Francisco, experienced a significant drop in its stock price as investors learned about its possible sale. Despite the bank’s reassurance of…
Amazon Delivery Drivers in California Unite: Teamsters Unionize Amid Contract Dispute with Amazon Contractor
A group of Amazon drivers and dispatchers from Southern California’s Amazon Delivery Service Partners (DSP) has joined the Teamsters union and reached a tentative contract agreement with their employer. Battle-Tested…
US Chamber of Commerce Warns of Rising Risks for Businesses in China
The US Chamber of Commerce, a powerful business lobby, has warned American companies about the increased official scrutiny of their operations in China, which substantially increases the uncertainties and risks…
America’s Broken Housing Market: Gen Z Loneliness Problem
Gen Z generations are increasingly struggling with loneliness and social isolation, and many blame social media. A growing body of studies suggests that disconnected areas and low community involvement may…
Crypto Bankruptcy Markets Boom After FTX Collapse
Investoer Unable to Access Their Money Many investors worldwide are now unable to access their money due to the failure of cryptocurrency exchanges like FTX and hedge funds like Three…
The rate of inflation has increased slightly to seven percent in countries that use the euro currency.
In April, inflation in the 20 European countries using the euro currency increased to 7%, putting more pressure on households and prompting the European Central Bank (ECB) to consider another…
New York Budget Stuck in Neutral: Tax Hike on Hold Despite $8 Billion Surplus
New York State lawmakers have yet to agree on a budget, putting them nearly three weeks behind schedule. The negotiations have stalled, and the debate over increasing taxes on New…
Qatar invests heavily to overcome the economic downturn after the World Cup.
After the World Cup in December 2022, thousands of foreign workers left Qatar, leaving behind empty luxury hotels and struggling businesses. The high room rates during the tournament could no…