video Bank of America still forecasting a 2023 recession: Keith Banks Bank of America Vice Chairman Keith Banks provides his outlook on upcoming earnings and other macroeconomy factors. As markets await big earnings data this week and more commentary from Federal Reserve Chair Jerome Powell, Bank of America Vice Chairman Keith Banks detailed the best way to invest your money […]

China’s service sector expanded for the first time in five months at the start of the year with the rollback of pandemic related restrictions, survey results from S&P Global showed on Friday. The Caixin services Purchasing Managers’ Index climbed to 52.9 in January from 48.0 in December. The reading was also above economists’ forecast of 51.6. The score exceeded the […]

The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 28th. The report said initial jobless claims edged down to 183,000, a decrease of 3,000 from the previous week’s unrevised level of 186,000. The dip surprised economists, who had expected jobless claims to climb to […]

President Xi Jinping’s decision to dismantle COVID travel restrictions is accelerating an exodus by wealthy Chinese, who could fuel billions in capital outflows as they plow cash into property and assets abroad. Since the end of COVID zero in December, many rich Chinese have begun travelling overseas to check out real estate or firm up plans to emigrate, immigration consultants […]

video Why are Americans flocking to Florida? Business owner, police officer weigh in FOX Business’ Ashley Webster reports from Clearwater, Florida, where he’s talking to former blue state residents about why they moved south. Florida's economic boom has pushed the Sunshine State above New York in the number of employed workers for the first time. According to data released this […]

Switching to an ethical super fund is the third most effective thing people can do to fight climate change according to new research, coming in after installing solar panels and switching to a green energy plan. And while solar panels are becoming increasingly popular and many pay careful attention to the green credentials of their energy retailer, comparatively few of […]

“This needs to be taught in schools!” If financial literacy had a catchcry, this would be it. Whenever the topic comes up, someone will exasperatedly question why their school didn’t teach them more about taxes. It’s an understandable frustration. Met with an endless barrage of financial products and paperwork, it is natural to wonder why your education didn’t prepare you […]

China’s reopening is set to provide a welcome boost to global growth, offsetting weakness in Europe and a looming recession in the US. But unlike in 2009, when China’s four-trillion-yuan stimulus helped kickstart a recovery from the Lehman slump, in 2023 there’s a catch — a boost to inflation at exactly the moment the Federal Reserve and other central banks […]

video Kevin O’Leary: Under Elizabeth Warren, businesses are ‘punished for success’ Millionaire businessman and television personality Kevin O’Leary, a.k.a. Mr. Wonderful, predicts more bankruptcies after the FTX fallout, and discusses his $45 million investment in North Dakota. Mr. Wonderful has his finger on the pulse of small business innovation – and is claiming that states like New York, Massachusetts and […]