European policymakers have been eagerly anticipating larger, more robust banks across the continent, and Italy seems poised to fulfill this desire with a potential influx of mergers and acquisitions (M&A) in the banking sector. Following a tumultuous period marked by a sovereign debt crisis and the government bailout of Banca Monte dei Paschi (BMPS), Italy’s
Finance
The U.S. Federal Reserve is currently facing a decision regarding a potential rate cut in light of recent economic data that has been weaker than expected. Chief economist at New Century Advisors, Claudia Sahm, believes that while an emergency rate cut may not be necessary, there is a strong case for a 50-basis-point cut to
In today’s volatile market, investors are looking for ways to navigate uncertainty and manage risks. Bond investments have become increasingly attractive, with experts like Joanna Gallegos, co-founder and CEO of BondBloxx, advocating for their importance. Gallegos emphasizes the significance of prioritizing income and high-yield bonds as part of a diversified investment strategy. With fixed income
Berkshire Hathaway, the conglomerate led by legendary investor Warren Buffett, is facing scrutiny over its cash reserves, which are expected to surpass $200 billion in the upcoming quarter. This substantial amount exceeds the entire annual GDP of Hungary, emphasizing the magnitude of Berkshire’s cash holdings. This cash hoard is on track to exceed the previous
As the Federal Reserve gets ready for its upcoming meeting, market expectations are focused on the future rather than the present. It is widely anticipated that the central bank will maintain short-term interest rates at their current levels, with the possibility of interest rate cuts starting in September. The key question on everyone’s mind is
In the last quarter, Berkshire Hathaway’s cash pile reached an all-time high of $276.9 billion, breaking the previous record of $189 billion set earlier in 2024. This increase was fueled by Warren Buffett’s decision to sell off a substantial portion of his stock holdings, including a significant chunk of Apple, one of his key investments.
Singapore’s stock market has faced numerous challenges over the years, including thin trading volumes and a higher number of delistings compared to listings. Despite the Straits Times Index rising in three of the last four years, the market has been described as “boring,” “unexciting,” and even a “zombie” bourse in 2021. This lack of vibrancy
Apple managed to exceed expectations in the fiscal third quarter, reporting earnings of $1.40 per share, surpassing the expected $1.35 per share. The company’s revenue of $85.78 billion also outperformed analysts’ estimates. Shares of the iPhone maker inched higher following the positive results. On the contrary, Intel saw a sharp decline in its stock price
The Federal Reserve officials have recently announced that they are maintaining short-term interest rates for now, but there are signals that inflation is moving closer to the target rate. The FOMC statement after the meeting indicated that there has been some progress towards the 2 percent inflation goal, although inflation still remains somewhat elevated. This
On Tuesday, Russian lawmakers made a significant move by approving a new law that allows businesses to use cryptocurrency for international payments. The State Duma, the lower house of the Russian Parliament, gave the initial green light to the legislation, marking a historic decision in the financial sphere. Anatoly Aksakov, the head of the Duma,