As inflation continues to drive up costs in New York City, coffee prices have never been higher. The average price for a cup of coffee in the city now ranges from $6 to $7 after add-ons, tax, and a tip, according to Eater. Rising rent, increased merchandise costs, and unpredictable weather affecting coffee harvests are … Read more
According to the Capgemini Research Institute’s World Wealth Report 2024, the United States significantly outpaced the rest of the world in creating millionaires last year, adding 500,000 new ones and setting records for wealth accumulation. This information technology company collaborates with businesses to “unlock the power of technology” and offers insights into global wealth trends. … Read more
Neuberger Berman’s managing director, Steve Eisman, shorted collateralised debt obligations to profit from the fall of the US real estate market in 2008. His bets against the housing market made him a legend on Wall Street. Actor Steve Carrell depicted Eisman’s journey during the global financial crisis in the movie “The Big Short.” Movie producers … Read more
Despite the downward inflation trend, JPMorgan CEO Jamie Dimon, 68, isn’t ruling out a “hard landing” for the US economy. On the prospects of a “hard landing,” Dimon said in a CNBC recent interview at the JPMorgan Global China Summit in Shanghai: “Could we actually see one? Of course, how could anyone who reads history … Read more
According to the latest Quarterly Report on Household Debt and Credit released yesterday by the Federal Reserve Bank of New York, total US household debt increased by $184 billion or 1.1% quarter-over-quarter in Q1 2024 to reach $17.69 trillion. While mortgage balances also jumped by $190 billion to $12.44 trillion, credit card balances declined in … Read more
After President Xi Jinping visited the US in November, both countries resumed cooperation on issues including curbing the spread of fentanyl, as well as military-to-military communication. 12:56 Fighting fentanyl: the drug from China destroying American lives Fighting fentanyl: the drug from China destroying American lives The two sides have also held meetings of financial and … Read more
