Anti-poverty group Oxfam publishes a report citing how steep the income inequality has been at the time of the pandemic, with billionaires’ combined wealth could save the world from falling into poverty. According to the report, the collective wealth of...
U.S. multinational bank Morgan Stanley reported a profit jump of 51 percent in its fourth-quarter report, rounding up an excellent performance in all three businesses. The bank’s revenue hits $13.64 billion, a $2 billion ahead of wealth analysts’ estimate of...
Tesla co-founder and billionaire Elon Musk once again takes over the top spot as the richest person in the world. The news comes as Tesla stocks regain footing on Tuesday, January 12, 2021. Prior to this, Musk’s net worth...
In the past year, in which economic decline became an overarching theme, billionaires Jeff Bezos and Elon Musk were able to break profit world records, said Entrepreneur. Both showed an incredible increase in wealth during the pandemic. Amazon founder and...
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) has launched a new company that will expand the security sector in the Kingdom. Driving more job opportunities to transform the economy of the kingdom, the National Security Services Co....
Wealth management group Credit Suisse announced Tuesday, December 15, 2020, its plans to increase its profits within the next three years by at least a 10 percent growth. According to Reuters, the decision comes after the company struggled with...
Following the successful and massive Airbnb initial public offering (IPO), its chief executive officer Brian Chesky is now said to be valued well over $11 billion, reports Fortune. This comes after the CEO sold 517,241 shares valued at $68...
Global investment banking leader Goldman Sachs Group Inc. names two co-heads for global private wealth management, to intensify revenue streams. John Mallory and Meena Flynn were put in the spotlight, leading the bank’s initiative to diversify its profits beyond existing...
The United States’ regulators at the Office of the Comptroller of the Currency (OCC) revealed that JPMorgan Chase has a pattern of misconduct in its asset and wealth management division. In addition to the weak control framework and wealth management,...
Following a successful preliminary trial data of COVID-19 vaccine by Moderna, the U.S. stocks jumped to a 30,000 record, indicating a long haul investing. Drugmaker Moderna announced the vaccine proved to be 94.5 percent effective, enticing more investors to inject...

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