In an era characterized by financial unpredictability, DBS Group Holdings, Singapore’s largest bank by assets, has demonstrated remarkable resilience and impressive growth. The CEO, Piyush Gupta, has revealed the bank’s exceptional performance for the financial year ending December 31, 2024, where net profit soared to 11.4 billion Singapore dollars (approximately $8.4 billion), an 11% increase
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Tax season can induce a sense of dread in many individuals, particularly those with lower income levels who may feel overwhelmed by the complexities of the tax system. However, there exists a silver lining: many taxpayers are eligible for significant credits that can amount to hundreds or thousands of dollars, irrespective of whether they are
In recent weeks, the spring housing market has emerged, but surprisingly, many potential buyers are hesitant to engage. The past few weeks have demonstrated that while the number of homes on the market is gradually increasing, other critical factors such as mortgage rates and rising home prices are dissuading new entrants. With mortgage applications reflecting
General Motors (GM) has recently made headlines for its significant restructuring within the Cruise division, the autonomous vehicle subsidiary that the company has heavily invested in. Following the decision to halt funding this ambitious project after a staggering investment of over $10 billion since its acquisition in 2016, GM is now setting a new course
In the world of financial technology, the emergence and evolution of startups often come with a rollercoaster of financial turns, and GoCardless is a prime example. Recently, this London-based unicorn has been making headlines with a significant reduction in losses and a strategy focused on achieving profitability within the next few years. As GoCardless advances
As we enter a new year, renters may find themselves in a more favorable position within the housing market. A recent report from Realtor.com highlights a decrease in median asking rents across the United States, with prices falling to an average of $1,695 in December—reflecting a slight decrease of 0.5% from the previous month. This
Starbucks, the globally recognized leader in the coffee industry, recently unveiled its quarterly financial results amid an ongoing struggle with same-store sales decline. Despite a drop in these sales for the fourth consecutive quarter, the company exceeded Wall Street’s expectations in terms of earnings and revenue, marking a potential turning point as it endeavors to
In a significant shift that has caught the attention of stakeholders, Target Corporation announced on Friday that it will be winding down its diversity, equity, and inclusion (DEI) programs. This move has raised eyebrows and sparked discussions about the future of corporate responsibility in promoting diversity and inclusion, especially in an era marked by heightened
In a disheartening report released on Thursday, Boeing indicated that it anticipates a staggering $4 billion loss for the fourth quarter of 2024. This forecast paints a grim picture for a company that has long embodied the ethos of American engineering. Recognizing that its revenue for the quarter is expected to be around $15.2 billion—below
Credit reporting agencies play a crucial role in the financial ecosystem, influencing everything from loan approval to rental agreements. In the U.S., three major players dominate this field: Equifax, Experian, and TransUnion. However, when these institutions fail to uphold their responsibilities, the repercussions can be substantial for consumers. Recently, the Consumer Financial Protection Bureau (CFPB)