by SmartTipsConsultants | Jan 31, 2022 | Economic News
A gauge the Federal Reserve prefers to measure inflation rose 4.9% from a year ago, the biggest gain going back to September 1983, the Commerce Department reported Friday. The core personal consumption expenditures price index excluding food and energy was slightly...
by SmartTipsConsultants | Dec 15, 2021 | Economic News
The semiconductor industry is on track to record exponential growth over the next decade, according to the CEO of Abu Dhabi sovereign wealth fund Mubadala, who said chipmakers are poised to play a “crucial” role in the global economy. “It took 50 years for the...
by SmartTipsConsultants | Oct 26, 2021 | Economic News
The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year. Huw Pill told the Financial Times that the Bank would have a “live” decision to make at its next interest rate-setting meeting...
by SmartTipsConsultants | Oct 25, 2021 | Economic News, Expo2020
Dubai Expo 2020 recorded nearly 1.5 million visits since its opening on October 1, organisers said, on Monday. “A total of 1,471,314 visits were recorded in the first 24 days since the Expo opened,” said Sconaid McGeachin, the senior vice president of...
by SmartTipsConsultants | Jul 13, 2021 | Economic News
Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from the central bank’s New York district. The June Survey of Consumer Expectations showed that median inflation...
by SmartTipsConsultants | Jul 12, 2021 | Economic News
LONDON — Top financial institutions are calling for global cooperation on central bank digital currencies. The Bank for International Settlements, the global body for central banks, issued a report Friday saying that central banks should work to achieve...
by SmartTipsConsultants | Jul 6, 2021 | Economic News
LONDON — There’s a new fintech unicorn in town. Danish start-up Pleo, which sells corporate expense management software and linked “smart” payment cards, has boosted its valuation to $1.7 billion in a $150 million equity financing round. The investment, led by Bain...
by SmartTipsConsultants | Jul 5, 2021 | Economic News
WASHINGTON — President Joe Biden responded to the June jobs numbers on Friday, saying the strong growth in employment reflects the success of his American Rescue Plan relief bill this spring and his administration’s nationwide vaccination campaigns. “We’re proving to...
by SmartTipsConsultants | Jun 30, 2021 | Economic News
Big banks – Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), JPMorgan Chase (JPM) and Wells Fargo (WFC) all announced dividend increases after passing the Fed’s latest stress tests. Morgan Stanley and Wells Fargo both doubled their dividends, while...
by SmartTipsConsultants | Jun 30, 2021 | Economic News
Binance, the world’s biggest cryptocurrency exchange, has been issued a warning by the UK’s financial regulator. The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct any “regulated activity” in the UK. It also advised...
