global economy

The U.S. Securities and Exchange Commission has announced that it charged BlackRock, the world’s largest money manager, with failing to disclose $75 million in investments it made in the entertainment industry. The investments were made by a BlackRock manager who had a personal connection to the film company, making the situation all the more intriguing. […]

Big Tech Sees Rebound in Ad Revenue While many companies have been cutting back on their marketing budgets, Big Tech companies like Alphabet, Meta, and Snap have reported rebounds in ad revenue. Snap saw a growth in ad sales after two declining quarters, Google experienced growth in YouTube ad revenue after three quarters of declines,

China Plans to Establish Central Financial Commission to Regulate Financial Sector: China’s Financial Woes: China has been grappling with a range of financial issues, including a lack of rebound from the pandemic, unemployment among young workers, declining exports, and sanctions on its tech sector.However, the biggest challenge lies in the real estate industry. Formerly a

Goldman Sachs has launched a new division called the Goldman Sachs Global Institute. This division aims to provide geopolitics and technology research to assist clients who become anxious when exposed to news events. This move suggests that Goldman Sachs is shifting away from its consumer banking division and refocusing on its core elite clientele. All

America’s Debt Crisis: A Ticking Time Bomb with No Clear Solution In case you didn’t know, America’s national debt is skyrocketing, currently sitting at around $33.7 trillion with a deficit of $1.7 trillion. This exponential rise in debt has become a significant concern, with little consensus on how to address the issue. The causes of

Amazon Launches European Sovereign Cloud Amazon Web Services’ AWS cloud division recently unveiled plans to introduce a European Sovereign Cloud, intended to appease European regulators and secure government contracts. While separate from AWS core business operations, European cloud business will remain part of AWS as opposed to becoming its own entity. Addressing Regulatory Concerns Amazon’s

Apple announced on March 13th that their streaming service Apple TV+ will increase from $6.99 per month to $9.99, following other companies such as Netflix, Disney and HBOMax in raising their prices accordingly. Apple originally introduced its service at $4.99 per month making it one of the more economical offerings among competitors. Apples to Oranges

General Motors (GM) reported its third-quarter earnings on Tuesday, and while there was some good news, the overall report painted a bleak picture for the automaker. Detroit Flop City GM’s net income and revenue beat analyst expectations, but profits were still down 7% from last year. The ongoing United Auto Workers (UAW) strike has also

“Greed is good again in the UK” The UK’s Financial Conduct Authority said Tuesday that it’s ending a cap on bonuses for bankers that’s been in place since 2014. The cap was originally an EU rule that Britain held onto post-Brexit and born out of the economic rubble of the 2008 financial crisis. As Their

The attorney generals of 41 states and the District of Columbia have filed a lawsuit against Meta, the parent company of Facebook and Instagram, alleging that the company intentionally designed its platforms with features that are harmful to young users. The lawsuit is based on evidence found in the “Facebook Files,” a collection of leaked