The median monthly rent in the US fell below $2,000 in December 2022 but remains high compared to 2020, Yahoo Finance wrote, citing a report by real estate platform Rent. It dropped to $1,978 in December, constituting the lowest level since April and a 1.41% drop from November according to Rent’s January 2023 report. Rents […]
The Adani Group, owned and founded by Gautam Adani, the richest man in Asia and the fourth-richest in the world, struck back at a report accusing the group of accounting fraud and “brazen” stock manipulation, BBC wrote. The group called the report “selective misinformation” and “malicious.” They lost just under $11 billion (£8.7 billion) of […]
Elon Musk went on trial in a San Francisco federal court for securities fraud on Friday. The Tesla CEO took the stand to defend some tweets he posted in August 2018, which reached tens of millions of people, CNBC wrote. According to the tweets, he had secured funding to take Tesla private for $420 per […]
Bank of America CEO Brian Moynihan told investors in a call on Friday that the bank was getting ready for a potential recession this year, including a situation where one could see unemployment rates skyrocket. He said: Our baseline scenario contemplates a mild recession. … But we also add to that a downside scenario, and […]
Goldman Sachs Group will start eliminating thousands of employment positions company-wide from Wednesday, Reuters reported, citing two insiders. The bank is preparing for a tough economic situation in the coming year. Just over 3,000 job cuts are expected according to one of the sources. No final number has been decided on yet. At the end […]
Energy stocks are becoming more and more appealing to the world’s super-rich. That’s according to a MoneyTransfers.com report citing data from a UBS Group AG survey. The survey indicated that 44% of the bank’s billionaire clients are bullish about investing in energy stocks in the upcoming five years. Jonathan Merry, the CEO of MoneyTransfers, has […]
Global real estate funding has declined in 2022. According to MoneyTransfers.com, only 50 billion dollars were raised by real estate funds in 2022, about one-third of the amount raised in 2021. The main reasons for this decline are due to global issues, including supply-chain obstructions and high inflation, which are negatively affecting planned construction projects. […]
Sustainable investments are investments that have a positive impact on the environment and society. According to data from MoneyTransfers.com, most US millennials (73%) are now choosing sustainable investments over traditional options. This is a stark contrast to previous generations, with only 21% of the older generation. Commenting on the report, Jonathan Merry, CEO of MoneyTransfers, […]
Retail investors have been turning to energy stocks this year as the sector has rebounded from the pandemic-induced sell-off. The energy sector was the most demanded by retail investors in the second quarter of this year. According to MoneyTransfers.com, 20% of retail investors were most interested in energy stocks in Q2’22. Other sectors, such as […]
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, […]