Wednesday, February 19, 2020
For the first time ever, Alphabet Inc. revealed Google business units’ revenue for the fourth quarter of 2019. The parent company of Google disclosed a 5 percent drop in its stock revenue of $46.08 billion, versus Wall Streets’s expectation...
2020 Democratic candidate Michael Bloomberg becomes the latest presidential hopeful to propose a tax plan targeting the wealthy. On Saturday, Feb 2, the former New York City mayor unveiled a plan that would raise taxes on the wealthy, repeal President...
William G. Gale, a Senior Fellow in the Economic Studies Program at the Brookings Institution, published a paper suggesting that the United States government can increase its revenue by imposing a “progressive value-added tax.” In the plan proposed in...
Wealth management group Goldman Sachs launched its very first investor day last Wednesday, January 29, 2020. Through this event, Goldman Sachs executives were given the chance to present their plans about growing deposit balances over the next five years,...
The immigrant wealth test proposed by United States President Donald Trump was recently favored by the Supreme Court, said Bloomberg. The proposal, which will require immigrants to undergo an evaluation of their financial status, garnered a 5-4 vote from...
Amid the Lunar New Year holiday, more businesses in China are temporarily closing their operations due to the Coronavirus outbreak. Among the huge companies that recently closed its doors for customers are McDonald's, Starbucks Coffee, and Shanghai Disneyland. McDonald's stopped its operations...
An insider confirms that Saudi Arabia’s wealth fund, Public Investment Fund, is in talks in buying UK premier soccer league team Newcastle United F.C. for a $445 million deal. The go signal came from the Crown Prince Mohammed bin Salman,...
A study conducted by Wharton School of the University of Pennsylvania showed that the wealth tax proposal by presidential candidate Bernie Sanders will be gathering at least $1 trillion compared to campaign estimates. CNBC reported that this could have...
Tokyo-based wealth management group Nomura announced its plans to hire more private bankers in its Hong Kong and Singapore offices. Nomura’s decision comes as the group pushes its Asia wealth management drive throughout Asia, notes Bloomberg. Nomura is a wealth...
American multinational investment bank Morgan Stanley plans to add 30 to 35 private bankers this year at Hong Kong and Singapore wealth units. The bank cites Asia expansion as part of its growth strategies for this year. According to...

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