The United States saw a remarkable increase in millionaires last year, standing out among other countries by adding 600,000 new millionaires. According to a report by Capgemini, the millionaire population in America grew by 7.3% in 2023, reaching a total of 7.5 million individuals. Their combined wealth surged to $26.1 trillion, up by 7% from
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Warner Bros. Discovery’s Max recently announced price increases for its ad-free options, raising concerns among subscribers of the popular streaming service. The news comes at a time when several other streaming platforms are also hiking their membership fees, making it more expensive for consumers to access their favorite content online. Max currently offers three pricing
The leadership team at Paramount Global recently presented a detailed go-forward plan at the company’s annual shareholder meeting. This plan serves as a backup in case the proposed sale of the company does not go through. The presentation highlighted strategic priorities, cost reduction initiatives, and plans to divest noncore assets. One of the key strategic
Recent documents submitted to a U.S. federal court have brought to light some shocking allegations against the major British bank, Standard Chartered. It is alleged that the bank helped finance sanctioned Iranian entities and terrorist groups, and that relevant evidence was ignored by American authorities. Standard Chartered, which primarily serves clients in emerging markets, has
Monzo, a prominent British digital challenger bank, recently made headlines by announcing its first full year of profitability. The fintech startup revealed in its annual financial report that it had achieved pre-tax profits amounting to £15.4 million ($19.6 million) during the 2023-2024 fiscal year. This marked a significant turnaround from the previous year, where Monzo
When Adam Moelis co-founded a fintech startup named Yotta in 2019, he had noble intentions. Unfortunately, the company has become a source of distress for thousands of customers due to a dispute between Yotta’s banking partners, Synapse and Evolve Bank & Trust. The fallout has left 85,000 Yotta customers locked out of their accounts, totaling
The picturesque town of Bellagio, located on Lake Como in Italy, is grappling with the negative consequences of overtourism. Boat drivers, who rely on tourists for their livelihood, have been vocal about the challenges posed by the massive influx of visitors. The narrow two-lane roads are unable to accommodate the heavy traffic, resulting in significant
In recent times, U.S. consumers and businesses have taken a more cautious approach towards spending due to the rise in inflation and interest rates, as pointed out by Bank of America CEO Brian Moynihan. Whether it is families or small to medium-sized businesses, Bank of America’s clientele is scaling back their purchases across various categories,
Despite higher profits and lower costs, Best Buy missed Wall Street’s quarterly sales expectations. The retailer saw a drop in revenue from the previous year, with sales ranging from flat to a 3% decline. The company blamed softer demand for consumer electronics as a contributing factor to these lackluster results. Best Buy has been struggling
Nissan has recently issued a warning to owners of older vehicles, advising them to refrain from driving cars that are equipped with recalled Takata airbags. The National Highway Traffic Safety Administration (NHTSA) revealed that approximately 83,920 vehicles are affected by this alert. These vehicles include models such as the 2002-2006 Nissan Sentra, 2002-2004 Nissan Pathfinder,