Challenger and Specialist banks have offered more competition, greater selection, and improved customer service during the last decade. According to MoneyTransfers.com, the two types of banks have provided 51% of bank lending to small businesses in the U.K. The two types of banks have different lending philosophies. Challenger banks tend to focus on digital-only platforms, […]
Indian tycoon Gautam Adani just ousted Jeff Bezos as the second-richest person in the world. He has been climbing the ranks of Bloomberg’s Billionaire Index rapidly, CNN wrote. While Elon Musk remains the richest hectobillionaire with $260 billion, he’s facing tough competition from Adani, who started 2022 as the 14th richest, but is already the […]
Elon Musk sold Tesla worth approx. $6.88 billion between August 5 and 9, a series of SEC filings published Tuesday night showed, CNBC reported. The transactions took place after Tesla’s annual shareholder meeting on August 4 in Austin, Texas. 7.92 million shares were sold. He sold Tesla shares for almost $9b in April Previously, the […]
Investors shouldn’t chase recent stock and bond rallies considering the current economic uncertainty according to Francois Savary, chief investment officer at Swiss asset manager Prime Partners. He told CNBC in an interview that factors like the Ukraine war and pandemic recovery are making it very hard to have clear economic visibility. Savary told CNBC’s “Street […]
When you invest in a stock, you essentially buy a piece of a company. You become a shareholder, and your goal is to make money by selling your shares for more than you paid. Individual stocks are just one of the many different types of investments that you can make with your money. According to […]
On Friday, Elon Musk filed a countersuit against the social media giant, exacerbating the conflict. The details aren’t publicly available. The CEO of Tesla and Space X has been outspokenly critical of Twitter in recent months, but has now been asked to keep details of his countersuit confidential, CNBC wrote. A tale that wasn’t […]
According to a MoneyTransfers analysis, the number of American companies filing for bankruptcy has declined since 2020. The site has presented data showing the number of American companies filing for chapter 11 in Q1 2020 was 23,114. These have shrunk to 13,160 by the end of Q1 2022. That’s a 43.1% decrease in the number […]
On Monday, July 18, British pharmaceuticals company GSK spun off its consumer health business in what is Europe’s most prominent listing in more than a decade, CNBC reported. Haleon, the new company, has become the biggest standalone consumer health business in the world. It’s home to leading brands like Advil painkillers, Sensodyne toothpaste, and more. […]
Twitter shares lost 7% in US premarket trade after Elon Musk announced he would terminate his $44 billion takeover of the company. Tesla shares also dropped, albeit by far less. Twitter’s loss implies a decline in the company’s market value of almost $2 billion compared to Friday’s closing price, CNBC wrote. Musk: Twitter was lying […]
UBS bank is the highest-performing European bank in terms of return on equity. According to a MoneyTransfers analysis, the bank’s ROE was 12.96% for Q1 2022. That figure is almost 3% higher than the second-best bank, BBVA. UBS owes this high performance to its strategy of focusing on its core competencies and selective expansion into […]