Betting Against Pundits Is Even Worse Than Listening to Them
Picks by stock market gurus are no better than a coin flip, but investment products that wager against them are a lousy idea.Read More
Apollo Global to Buy Univar in $8.1 Billion Deal, Including Debt
Apollo Global Management agreed to acquire chemical company Univar Solutions for $8.1 billion including debt, in one of the biggest recent leveraged buyouts.Read More
Credit Suisse Finds Material Weaknesses in Financial Reporting
The bank’s management concluded that internal controls were ineffective, but said financial results for 2022 and previous years were unaffected by the finding.Read More
Silicon Valley Bank Closure Rattles Some Nonprofits
Certain nonprofits are worried about the hole that SVB leaves as a dependable lender for affordable housing projects and a partner for community programming.Read More
OPEC Sees Weaker Western Oil Demand Countering Growing Chinese Appetite
The cartel left its forecasts for global oil-demand growth this year steady as growing optimism about China’s demand for crude oil was countered by concerns about the economic picture in the U.S. and Europe.Read More
Stock Futures Rise After CPI Data
Regional bank stocks rallied premarket after a sharp selloff in recent days.Read More
Tech Investors in Southeast Asia Want to See the Money—Now
Focusing on profits at all costs might hurt in the long term if competition intensifies.Read More
Japan Bank Shares Get Hit in Wake of SVB Collapse
Japanese banks piled up investments in U.S. government bonds in search of higher returns, but analysts see differences between SVB and Japan’s big banks.Read More
Swift Makes Strides in Interoperability Testing of CBDCs Across 200 Countries
As countries evaluate potential use cases and economic effects of central bank digital currencies (CBDCs) in pilot projects, many have questioned how interoperability between them could exist. In answer to this, Swift has revealed progress as it tests the potential for international transfers across over 200 countries. As increasing numbers of CBDC pilots worldwide are […]
How Soon Until the Mainstream Adoption of Web3? With KPMG, XYO Network, ipushpull, Ultra and Centi
We have the invention and evolution of technology to thank for some of humanity’s most significant advances. The invention of the aeroplane in 1903, the computer in 1937, and the internet in 1974 all completely changed how we live our everyday lives. As technology advances, how can the likes of Web3, the metaverse, blockchain and […]
