Over the years, European policymakers have expressed a desire for larger banks across the continent. Italy, in particular, has been a focal point for potential mergers and acquisitions in the banking sector. Following a sovereign debt crisis and a government rescue of Banca Monte dei Paschi (BMPS), there is a renewed interest in the Italian
Finance
Despite recent weaker-than-expected economic data, Claudia Sahm, chief economist at New Century Advisors, believes that the U.S. Federal Reserve does not need to resort to an emergency rate cut. In her opinion, the current circumstances do not warrant such drastic measures. Rather, Sahm suggests that a 50-basis-point cut may be more appropriate given the need
In the current market environment, where volatility has become the new norm, investors are looking for ways to protect and grow their wealth. Bonds have emerged as a popular choice for investors seeking stability and income in their portfolios. According to Joanna Gallegos, co-founder and CEO of BondBloxx, prioritizing income and high-yield bonds can be
Berkshire Hathaway, under the leadership of CEO Warren Buffett, is set to announce a record cash pile exceeding $200 billion, highlighting Buffett’s recent sale of some of his favorite stocks like Apple and Bank of America. This drastic move has raised concerns among investors and analysts, who believe that Buffett may be trying to de-risk
The upcoming Federal Reserve meeting is stirring up a lot of anticipation for potential changes in interest rates. It is expected that policymakers will keep short-term interest rates steady, but the groundwork for interest rate cuts in September is likely to be laid out. The big question on everyone’s minds is how aggressive the Fed
Berkshire Hathaway, led by Warren Buffett, is facing a dilemma as its cash pile swelled to a record $276.9 billion last quarter. This significant increase from the previous record of $189 billion set in the first quarter of 2024 has raised concerns about the management of the conglomerate’s vast reserves. The Oracle of Omaha made
In an effort to enhance the vibrancy of Singapore’s stock market, the Monetary Authority of Singapore has established a task force to review and evaluate measures aimed at addressing market challenges. The goal is to foster listings, facilitate market revitalization, and enhance regulations to promote market growth and increase investor confidence. The task force will
In extended trading, Apple saw its shares inch higher after beating analysts’ estimates on both the top and bottom lines. With fiscal third-quarter earnings of $1.40 per share, surpassing the expected $1.35, and revenue totaling $85.78 billion, Apple proved to be a winner in this round of trading. On the other end of the spectrum,
The recent decision by Federal Reserve officials to keep short-term interest rates steady has sparked conversations about the possibility of future interest rate cuts. While maintaining language in the post-meeting statement that indicates ongoing concerns about economic conditions, the Federal Open Market Committee hinted at progress being made towards achieving its employment and inflation goals.
The recent approval of the new law in Russia allowing the use of cryptocurrency for international payments marks a significant shift in the country’s financial landscape. The State Duma’s decision to greenlight legislation enabling businesses to utilize cryptocurrencies in cross-border trade is a clear indication of Russia’s willingness to adapt to changing global financial trends.