As Japan Prime Minister Shinzo Abe looked to double down on the country’s stimulus package, the cabinet members approved a $1.1 trillion (¥117 trillion) fresh funding last Wednesday, May 27, 2020, to help keep businesses and households afloat amidst...
While millions struggle with massive job losses, the top 1% have witnessed a soar in their net worth during the COVID-19 pandemic. In a report published by The Institute for Policy Studies and Americans for Tax Fairness on Thursday,...
Saudi Arabia’s sovereign wealth fund has recently bought numerous minority stakes in major United States companies. This brings the sovereign wealth fund to a portfolio valued at approximately $10 billion, notes Reuters. The Saudi Arabia Public Investment Fund (PIF) clocks...
Canadian households can emerge from the pandemic wealthy given their high-value properties, according to a study by TD Economics. The paper titled ‘Impact of the Pandemic on Key Canadian Household Financial Indicators’ was written by Ksenia Bushmeneva. The study indicates...
Wealth and portfolio management platform Vise announced Tuesday, May 12, 2020, its successful Series A funding round led by Sequoia Capital. The investment round was reportedly led by Sequoia partner, Shaun Maguire, notes Tech Crunch. Besides Sequoia Capital, who led...
The virus pandemic has been lining the pockets of healthcare billionaires as they see a sudden spike in the stock prices of companies developing outbreak-related solutions, said Forbes. This surge made one person a billionaire while increasing the riches...
A report by the Institute for Policy Studies revealed how the richest people in America have seen a wealth surge by $280 billion in just 23 days, despite pandemic. Between March 18 and April 23, the combined wealth of America’s...
CI Financial, a diversified wealth management firm based in Toronto, announced Tuesday it is set to acquire a strategic interest in the RIA and sub-advisory firm, The Cabana Group. In a press release, the Toronto-based company said that the transaction...
Singer-actress Britney Spears is being hailed as a “comrade” after sharing a photo in Instagram calling for the redistribution of wealth amid the government’s call for self-isolation and social distancing, according to a report by The Guardian. Her post...
In an unprecedented landmark agreement, United States senators and the Trump administration via the White House have come to an agreement regarding the $2.2 trillion emergency stimulus package on Wednesday, March 25, 2020. The deal aims to provide immediate...

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