The European Central Bank may defy market expectations and hold off on starting interest rate cuts during the whole of 2024, the institution’s Governing Council member Robert Holzmann said Monday. Asked about those who call for the first rate cut to take place as soon as April, Austria’s central bank […]
CNBC News
Here are 3 ways Gen Zers can build credit before renting their own place
Fg Trade | E+ | Getty Images Rising inventory is helping push rent prices down. For young adults, building credit is a smart step to take as they prepare to enter the rental housing market. The median U.S. asking rent price in December was $1,964, a 0.8% decline from a […]
Veteran investor David Roche says the market is getting it wrong on Taiwan’s election result
Taiwan’s President Tsai Ing-wen speaks as Lai Ching-te, Taiwan’s vice president and the ruling Democratic Progressive Party’s (DPP) presidential candidate looks on during a campaign rally ahead of the elections in Taipei, Taiwan, January 11, 2024. Carlos Garcia Rawlins | Reuters Taiwan’s election results place the island on a “collision […]
IMF warns AI to hit almost 40% of jobs worldwide and worsen overall inequality
A pedestrian walks past the TATA pop up store with a poster reading ‘The Future is AI’ ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Sunday, Jan. 14, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Photographer: […]
World’s five richest men have doubled their wealth since 2020, report finds
Jeff Bezos looks on from the sidlines before kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Field at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The Amazon founder and chairman is one of the world’s richest men. Cooper Neill | Getty Images Sport […]
Biden raises over $97 million in fourth quarter, enters election year with $117 million war chest
U.S. President Joe Biden speaks during the National Association of Counties Legislative Conference in Washington, D.C., U.S., February 15, 2022. Joshua Roberts | Reuters President Joe Biden‘s reelection effort says it received over $97 million in contributions during the fourth quarter of 2023. As a result, Biden and Vice President […]
Germany skirts recession at the end of 2023 but faces prolonged slump
German Chancellor, Olaf Scholz arrives for the weekly federal government cabinet meeting on Oct. 11, 2023 in Berlin, Germany. Michele Tantussi | Getty Images News | Getty Images Europe’s largest economy contracted by 0.3% year-on-year in 2023, as high inflation and firm interest rates bit into growth, the Federal Statistical Office of […]
Top economists predict global growth will weaken this year as geopolitical rifts grow
Boris Roessler | Picture Alliance | Getty Images The majority of economists surveyed by the World Economic Forum expect the global economy to weaken this year, saying that geopolitical fragmentation around the world will deepen. “Global economic prospects remain subdued and fraught with uncertainty,” WEF’s report, published Monday, said. “While […]
Apple offers rare iPhone discount in China as demand fears rise
The Apple flagship store in Shanghai in November 2023. Costfoto | Nurphoto | Getty Images Apple is offering a discounts across a range of its products in China, including the latest iPhones, its website shows, as it faces rising competition and growing fears of a lack of demand for its […]
Heading to Davos, here’s what was overheard on connecting trains from Zurich to the World Economic Forum
Zurich’s main train station MacKenzie Sigalos DAVOS, Switzerland — It took 18 hours, a Lyft, two planes, three cross-country train rides, and a drive in a Volvo sports utility vehicle to get from midtown Manhattan to an apartment on Scalettastrasse, a snow-lined street in the heart of Davos. The small […]