Source link The combined wealth of the richest people in the US has grown to $44.6 trillion, according to the Federal Reserve The wealthiest Americans got even richer last year and now possess $44.6 trillion in combined assets, thanks to the skyrocketing stock market, CNBC reported on Thursday, citing new data from the Federal Reserve. […]
Source link An aging population and higher interest expenses have been pushing the country’s indebtedness higher The US national debt could surge by $19 trillion over the next decade to surpass the $54 trillion mark, owing to the mounting costs of an aging population and higher interest expenses, according to the latest report by the […]
Source link The number of millionaires in the bloc is expected to see a massive surge over the next decade, according to a newly released report Total investable wealth currently held by the BRICS member states amounts to $45 trillion, according to Henley & Partners’ inaugural BRICS Wealth Report. The BRICS group of emerging economies, […]
Source link Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday. In December alone, […]
Source link US national debt has continued to mount, jumping by $2.6 trillion in the six months through December to reach $33.8 trillion, according to the Treasury Department. The Treasury indicated that factors such as tax cuts, stimulus programs, increased government spending, and decreased tax revenues have been driving up debt. “The national debt just […]
Source link Prime Minister Mia Mottley has called for global talks on reparations for countries affected by the slave trade Barbados Prime Minister Mia Mottley has urged the UK to pay $4.9 trillion in reparations for the transatlantic slave trade, in a speech in London on Wednesday. She added that talks over how this debt […]
Source link ESG funds, once champions of environmental causes, have raised ethical concerns after investing heavily in defense stocks Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews In the cutthroat world of asset management, my gig as an investment banker at Zurich’s top […]