The $100trn battle for the world’s wealthiest people – The Economist
The uber-rich hire all kinds of people to make their lives easier. Landscapers maintain gardens, housekeepers tidy homes, nannies raise children. Yet perhaps no role is
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PODCAST: Switching Jobs for Better Pay Is Getting Harder
After years of luring new workers with hefty pay increases and bonuses, many companies are reversing that trend. WSJ’s Te-Ping Chen joins host J.R. Whalen
Tough market conditions take toll on activity and economic recovery
The various geopolitical and economic tensions that markets experienced during the first half of 2023 have hampered hopes of a faster economic recovery, according to
How big banks won the banking crisis – CNN
The collapse of Silicon Valley Bank and the US regional banking crisis that followed earlier this year had major economic and regulatory repercussions for lenders
Goldman Sachs cuts US recession odds to 15% as economic optimism grows – CNN
Goldman Sachs is increasingly confident that the US economy will stick the soft landing that many thought was nearly impossible to pull off. In a
ECB’s Knot Says Markets Risk Underplaying September Hike Chances – Bloomberg
Investors largely betting against a European Central Bank interest-rate increase next week are “maybe” underestimating the likelihood of it happening, according to Governing Council member Klaas Knot.
Interest rate rises heap pressure on hedge funds to perform – The Financial Times
Investors are warning hedge funds that they will face redemptions and further pressure to cut their fees unless they can improve their performance, highlighting the
Bank of Canada Expected to Keep Rates Unchanged on Weak GDP Data – WSJ
Economists believe the Bank of Canada is likely to keep its main interest rate unchanged on Wednesday, as data suggest the economy has shifted into
Money Laundering Poses a Risk to Financial Sector Stability
Cross-border financial crime is here to stay. While people everywhere enjoy the convenience of a globally connected financial system, criminals exploit this intricate network to
The UK economy is bigger than we thought. It still has ‘a growth problem’ – CNN
The UK economy recovered from the Covid-19 pandemic much faster than previously thought, according to major revisions of official statistics that have erased Britain’s laggard