Tag Archives: money

World’s 400 Richest Add $92 Billion in 2014 as Alibaba Jumps

The richest people on Earth got richer in 2014, adding $92 billion to their collective fortune in the face of falling energy prices and geopolitical turmoil incited by Russian President Vladimir Putin. Read more FULL REPORT Advertisements

Fiscal Cliff Talks Heat Up This Week

Economists have issued dire warnings about a possible recession and a new slump for the jobs market if the cliff isn’t averted before the January 1 deadline. FULL STORY

Bank Of America Still World’s Biggest Wealth Manager

According to a report out today ranking the world’s 20 biggest wealth managers. BofA took the top spot with $1.944 trillion in assets in private banking followed by Morgan Stanley with $1.628 trillion and UBS AG with $1.559 trillion. The increase in AUM for the private banking industry was helped primarily by market gains which […]

Bloomberg: The Fiscal Cliff Will Drive the U.S. Into Recession

House Speaker John Boehner says he was “flabbergasted” when Treasury Secretary Tim Geithner pitched the White House plan to save the nation from the “fiscal cliff.” FULL STORY

6 Ways The Fiscal Cliff Could Affect You

Federal Reserve chairman Ben Bernanke used the term “fiscal cliff,” it quickly became the newest Washington buzzphrase. As the deadline to avert the cliff nears, it has overtaken the European debt crisis as the most talked-about story in the financial media. The fiscal cliff refers to the enactment of a number of laws that would, […]

Fiscal cliff would drive the U.S. economy back into recession.

Fiscal cliff would drive the U.S. economy back into recession before end of 2013, a new report from the Congressional Budget Office said. Congressional Budget Office released a report showing that the most harmful consequences of the fiscal cliff, a fully armed and operational fiscal cliff would cost us 3.4 million jobs. Obama Fiscal Cliff […]

What’s Next for the Son of Asia’s Richest Man?

Richard Li, the son of Asia’s richest man, Li Ka-shing, is known for straying from the family business and venturing into sectors on his own. The WSJ’s Deborah Kan speaks to Dow Jones’ Jeffery Ng about what the younger Mr. Li could be up to next. Source: http://live.wsj.com