President Joe Biden recently highlighted the progress made in the fight against inflation during his State of the Union address. He emphasized the fact that wages are increasing while inflation is coming down. However, the reality on the ground tells a different story. While inflation has indeed cooled off from its peak during the pandemic,
Terran Orbital, a prominent satellite manufacturer, is currently facing a crucial decision regarding its future amidst Lockheed Martin’s acquisition offer. CEO Marc Bell has highlighted the company’s proactive approach in considering all available options, expressing a willingness to explore various paths forward. The sudden revelation of Lockheed’s takeover bid has prompted Terran Orbital to engage
China has recently raised the transaction limit for foreign visitors using the mobile app Alipay to $2,000 per year without needing to register their ID. This significant increase from the previous limit of $500 will have a major impact on international tourists, making it easier for them to pay for daily purchases during their stay
California is notorious for having some of the highest gas prices in the United States. According to AAA, the national average for a gallon of regular unleaded is $3.40, while in California, it is a staggering $4.87. This significant difference in prices can be attributed to a myriad of factors that contribute to the state’s
The financial landscape is rapidly changing, with the number of family offices around the world tripling since 2019. According to a recent report from Preqin, there are now over 4,500 family offices globally, with North America leading the way with 1,682 offices. These family offices, the private investing arms of wealthy families, are estimated to
Civet cat coffee, also known as kopi luwak, has been gaining popularity among tourists in Bali. However, a recent investigation by People for the Ethical Treatment of Animals (PETA) has shed light on the dark truth behind this seemingly exotic drink. Undercover footage revealed that Asian palm civets, the animals responsible for producing the coffee
New York Community Bank recently announced a significant loss of 7% of its deposits in the month leading up to a capital injection of over $1 billion from investors, including former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. This decline in deposits, from $83 billion to $77.2 billion, came just a day before Moody’s Investors
United Airlines will be implementing a pause in its pilot hiring this spring due to issues related to aircraft deliveries from Boeing. This decision comes as a result of the ongoing problems that Boeing has been facing with one of its major customers, United Airlines. It has been reported that new hire classes will be
Sonali Pier, the ambitious daughter of Indian immigrants, embarked on her journey towards excellence in the financial industry after graduating from Princeton University in 2003. Starting her career as a credit trader at JPMorgan in New York, Pier ventured into a male-dominated field that presented its own set of challenges. However, she persevered and eventually
Recent reports have shown that New York Community Bank (NYCB) has faced challenges in retaining deposits, losing 7% of funds over a turbulent month. This has raised concerns among customers who have chosen to withdraw their money from the regional commercial bank. However, a new capital infusion of over $1 billion has helped NYCB avoid
