Financial Industry News
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Opinion | AI has been known to hallucinate. So have financial markets
We've never had it so good. The S&P 500 and Nikkei 225 have hit record highs this month. SpaceX had its spectacular initial public offering, the largest in history. The company raised an eye-popping US$75 billion and saw a sharp rise in its share…
The Seven-Headed Hydra at the End of Finance
SpaceX had its initial public offering last week. Now Elon Musk is a trillionaire on paper. But what is SpaceX? On one level, of course, SpaceX is a company that builds rockets and spacecraft and launches them into space. (Occasionally the rockets…
Financial analyst teams up with former CBS News head to share surprising family finance tips
Matthew Ankrum knew he wanted to build generational wealth for his daughters while teaching them about financial stability. He just didn't know a coffee can would be the key to those lessons. Ankrum, a financial analyst from Kansas City, Missouri…
Sun Life Financial Inc. stock falls Friday, underperforms market
Shares of Sun Life Financial Inc. SLF shed 1.96% to C$109.43 Friday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.32% to 34,857.34. Sun Life Financial Inc.
Spain Weighs Financial Aid to Struggling Solar Power Industry
The Spanish government is weighing whether to offer financial support to a domestic solar industry that's grappling with oversupply and negative wholesale power prices. The government has started reviewing the state of the industry after being…
From Kolkata, This Founder Is Building a Financial Literacy Movement for Women
As India's wealth management industry races to capture the country's growing affluent population, a new player is taking a markedly different approach. Instead of competing for the same investor base concentrated in Mumbai and Delhi, Dhanvesttor is…
Asset-Based Finance: A Different Approach To Income, Diversification And Risk
ABF is relatively short-term private financing that is secured by a diverse range of financial and hard assets that typically generate contractual cash flows. ABF's defensive qualities stem from both how assets are selected and how deals are…
A millennial hit financial independence by 25 using the 'fast version' of FIRE and focusing on cash flow
When Cody Berman first started pursuing financial independence, his plan looked a lot like the traditional FIRE playbook: save and invest aggressively, build up a large stock-market portfolio, and eventually live off a small percentage of that nest…
Mizuho Financial Group (MFG): Top Value Stocks to Buy Under $10
Mizuho Financial Group Inc. (NYSE: MFG) is one of the top value stocks to buy under $10. On May 20, Mizuho Bank and Rakuten Bank entered into a strategic capital and business alliance to create a new credit model that bridges megabank corporate…
Inside new company Landseed's goal to 'create a financial market' for conservation projects
Healthy conservation land does a vast deal more than store carbon, says Holdfast Collective executive director Greg Curtis, who has cofounded a new company to make the full value of nature “visible, verifiable and financially useful.”…
Finance expert warns Brits over supermarket prices after Bank of England update
A weekly shop could get pricier in the coming months The inflation rate has stayed the same for the past few months, according to a recent Bank of England inflation update. However, that doesn't mean that supermarket prices are in the clear, as…
When Juhi Chawla's in-laws loaned money to Gujarat government amid financial crisis
In 1960, the erstwhile bilingual Bombay State was officially divided into two separate states—Maharashtra and Gujarat. While the political reorganisation was historic, the newly formed Gujarat faced significant economic and administrative…
AI Is Replacing Sustainability As The Latest Business Trend
The decline of sustainability reporting requirements and the rise of AI is causing a drastic shift in the business and sustainability industries. In 2023, one of the top concerns of the business industry was sustainability and climate change.
Iran is finished': Trump vows zero financial relief during 60-day talks
Trump contended that the peace deal did not stem from US vulnerability, but rather from Iranian necessity as he maintained a hardline stance on financial relief. Following the signing of a 14-point Memorandum of Understanding (MoU) with Iran, US…
World Bank approves $1.5 billion financing to support India's reform programmes
The World Bank's Board of Executive Directors Friday approved $1.5 billion financing to India to support their structural reforms aimed to boost private sector-led job creation and economic growth, it said in a statement. It added that the…
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