United States Senator Bernie Sanders just announced another proposal which he calls “income inequality tax,” which seeks to increase the tax imposed on corporates that perpetuate the wage gap, says The Washington Post. This comes after the announcement of...
The Board Of Directors of tech startup WeWork ousts former co-founder and chief executive officer Adam Neumann from his position. The decision comes after numerous reports and findings revealing the company’s valuation have dwindled by more than 70 percent....
The wealth gap in the US is at an all-time high in a span of more than 50 years, says the Census Bureau. According to Fox Business, the measurement of income inequality has been climbing within a few decades.
In...
A Shenzhen-based smartphone maker Transsion sold $80 million worth of shares in the stock market, raising its valuation to nearly $4 billion.
The company has been dominating the African market, offering a rush among investors. Only one in 20 online...
Democratic presidential candidate Bernie Sanders recently propositioned a wealth tax that will tax the rich by a great deal. The New York Times said that Sanders’ proposal would significantly reduce the fortunes of ultra-rich households in half within 15...
Wealth management and private banking company Boston Private confirmed Monday, Sept 23, the formal integration of its subsidiary KLS Professional Advisors Group with its wealth management unit, Boston Private Wealth. This marks Boston Private’s rise as one of the...
Pepsi-Cola Products Philippines gains its company’s board approval to stop production for its line of snacks. The decision to discontinue its snack range follows after it continued to lose profits from its shares.
Last Friday, September 20, 2019, the soft...
An emergency repurchasing operation was carried out by the New York Federal Reserve, as a move to protect the interest rates for the lending market.
The borrowing rates skyrocketed on Tuesday, Sept. 17, a critical issue that can lead to...
College graduates of the class 2018 owe the government an average of $29,000 student debt, according to a report by The Institute for College Access & Success.
The class 2018 are in deeper debt compared to previous classes because the...
Banking group DBS Bank announced Wednesday, Sept. 18, it plans to bolster its wealth assets under management from S$4 billion to S$8 billion in Thailand by 2023.
According to a report from Bangkok Post, the Singapore-based bank’s brokage unit, DBS Vickers,...
