Finance/Venture

US Credit Card Debt Is Rising, With Borrowers Owing an Average of Over $6,000

The average consumer has $6,218 in credit card debt, and the number of borrowers who are unable to make their payments is on the rise.


IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes

The IMF is urging the US to maintain its open trade system instead of imposing new punitive duties on goods from China...

US Seniors: What You Need to Know About Retirement Abroad

With a growing number of people in the US choosing to retire elsewhere, those doing so are advised to research thoroughly on where to retire and enjoy their Social Security payments as much as possibl..

JPMorgan Chase CEO Jamie Dimon Sounds Alarm on Ballooning US Fiscal Deficit Due to High Government Spending

JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil...


Latest News

Currency swings cost U.S. corporates $18.66 billion in fourth quarter: study
Foreign exchange swings cost North American corporates $18.66 billion in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps.
Activist investor Elliott seeks boardroom shakeup at Alliance Trust
Activist Elliott Advisors, the largest individual shareholder in Alliance Trust PLC (ATST.L), is seeking support from fellow investors for a boardroom reshuffle following a phase of unsatisfactory eng
KKR, Varde, Deutsche seek to securitize $5.3 billion of GE Capital debt
A group comprising KKR & Co, Varde Partners and Deutsche Bank are looking to securitize about A$7 billion ($5.33 billion) of debt they acquired from a unit of GE, three sources with knowledge of the m
Authorities closing in on hackers who stole JPMorgan data
Federal authorities investigating the data breach at JPMorgan Chase & Co (JPM.N) are increasingly confident that a criminal case will be filed against the hackers in the coming months, the New York Ti
Big problem for fund managers: liking Apple too much
At more than 15 percent of his fund's assets, John Burnham, manager of the $136 million Burnham Fund, has a larger stake in Apple Inc than any other diversified fund.
Bitcoin Price 2015 hits $518?
How high could bitcoin climb?
Dubai's Mashreq interested in Citigroup's Egypt retail business
Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday.
StanChart eyes bank stake sales as it tries to slim down
Standard Chartered's (STAN.L) abrupt move to shut its global equities business last week could be a prelude to the lender selling off stakes in a number of Asian banks as it looks to boost capital, pe
Ten banks bid for Citigroup's Egyptian retail operations
Citigroup has received 10 bids for its consumer banking business in Egypt, three sources with knowledge of the matter said on Tuesday, with banks from the United Arab Emirates prominent among potentia
Malaysia's $20 billion bank merger headed for collapse: sources
Malaysia's proposed $20 billion merger to create the world's biggest Islamic bank is likely to be scrapped after CIMB Holdings and RHB Capital failed to agree on new deal terms, people familiar with t
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