Government figures show that there is a surge in consumer spending last March 2019, reaching an index of 0.9 per cent in the first quarter of the year. For over a decade, this reported increase in figure is the largest...
Trustees of the Fyre Festival are officially suing big names in the entertainment industry. Some of the stars being sued by the event’s trustee include Kendall Jenner, Emily Ratajkowski, Migos, Blink-182, and many others. Founded and organized by Billy McFarland,...
In light of the recently passed The Civil Asset Recovery and management and Unexplained Wealth Bill, the Trinidad and Tobago Chamber of Industry and Commerce released an announcement expressing its support of the legislation. According to TV6, the Chamber...
As Citigroup gears up to expand its wealth management and investment banking business, the company reportedly aims to add approximately 2,300 people to its roster for both its Hong Kong and Singapore hubs. According to the Wall Street Journal, of...
Famous French economist Thomas Piketty remarked that billionaires are detrimental to the growth of the economy. CNBC reported that Piketty proposes a tax plan that “would effectively abolish” billionaires. Piketty told L’Obs in an interview that his graduated wealth tax...
Stock-market trader and billionaire Charles Schwab recently decried the potentially negative effects of the wealth tax proposed by presidential candidates Elizabeth Warren and Bernie Sanders. Bloomberg reported that Schwab believes such taxes to be a “negative reward for success.” In...
Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF), has responded to the U.S. claim that China’s Huawei presents a national security threat. On a report published by CNBC on Friday, June 7, the Russian Direct Investment...
The multinational financial services provider, HSBC, is planning to cut off 10,000 jobs in its move to drive more savings as investment banking revenues weaken. The bank, which has roughly 238,000 employees, is implementing a new cost-cutting plan headed by...
Bloomberg reports that the age of wealthy individuals in America is declining. Investors who have at least $25 million to their name have an average age of 47 years old, an 11-point drop from 2014’s average age. However, Bloomberg...
Jordyn Woods, Kylie Jenner’s long-time BFF, has reportedly gained the attention of numerous brands and companies after the cheating allegations thrown against her. Following this, the model-influencer appears to be bringing in a wealth of business deals under her...

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