Thursday, September 17, 2020
Warren Buffet-backed Snowflake announced Wednesday, September 16, 2020, that its valuation more than doubled on the first trading day of its initial public offering (IPO) trading day. Following its successful trading day, the cloud data warehousing company raised nearly...
Following a massive lost of shares amounting to over a fifth of its value in just a month, the Securities and Exchange Organization is reportedly looking into tapping into Iran’s sovereign wealth fund. The move towards allocating 1% of...
The richest people across the globe just made new wealth records during the last week of August. Bloomberg reported that the world billionaires earned billions amounting to a total of $209B added to the fortunes of 500 of the...
Considered the world’s largest sovereign wealth fund, Norway admits to losing a massive 188-billion-kroner (roughly equivalent to $21 billion) loss following a turbulent first half of the year. The country is expected to experience further challenges with the global...
China-based TikTok parent company ByteDance is set to move back into the Hong Kong market as its trademark registration documents show that the firm is gearing up to enter the online stock brokerage and wealth management market, reports Reuters. The...
Shanghai-based Hywin Wealth Management Co. is planning to expand its offices to Singapore. According to Bloomberg, the move comes after more Chinese clients are moving their businesses to the country and to provide its services to Southeast Asian individuals. Hywin...
Data from Forbes revealed that Colorado’s wealthiest individuals increased their fortunes during the virus pandemic and the recession that came with it, said The Denver Post. The combined amount of their additional wealth is in billions. Colorado’s top 10 richest...
UK-based Barclays bank has expanded its service portfolio with the launch of a new hybrid digital wealth management service. On Tuesday, July 14, the British banking giant introduced Barclays Plan & Invest, a new digital wealth service offering financial...
The Parliamentary Budget Officer’s (PBO) report revealed that Canada’s annual revenue can peak at $5.6 billion for the wealth tax alone. The projection was requested by the NDP finance critic Peter Julian if the wealthiest families would be taxed 1%...
In a move to strengthen economic relations with Hong Kong and Macau, Mainland China is allowing the purchase of wealth products to and from the two territories, said Inquirer. The initiative will primarily involve residents in the Guangdong-Hong Kong-Macau...

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