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Larry Fink, Chairman and CEO of BlackRock, has added his voice to the chorus advocating for an increase in the Social Security retirement age. In his annual letter to investors, Fink expressed his belief that while individuals should not be compelled to work longer than desired, the notion of retirement at age 65, originating from the era of the Ot…

The renowned "Buffett Indicator," devised by billionaire investor Warren Buffett in 2001, is sounding the alarm as it reaches a two-year high. This measure, hailed by Buffett himself as one of the most reliable gauges of stock market valuation, compares the total market capitalization of publicly traded companies to the country's gross domestic pro…

On Wednesday morning, the Japanese yen plummeted to its lowest level against the US dollar in 34 years, sparking concerns among Japanese finance officials. This decline in the yen's value is attributed to a currency situation rather than an outright crisis, with the root cause lying in the differing interest rate policies between Japan and the Unit…

Former customers of the cryptocurrency exchange FTX Customers expressed dismay and frustration on Thursday following the sentencing of Sam Bankman-Fried, the exchange's former billionaire CEO, to 25 years in prison. The verdict was delivered by a New York judge, sparking outrage among those who had suffered significant losses due to FTX's sudden co…

Federal Reserve officials reaffirmed their commitment to cutting interest rates three times in 2024, despite ongoing concerns about elevated inflation levels. At their latest meeting, the officials opted to maintain the benchmark rate unchanged for the fifth consecutive time, fueling optimism in financial markets. The Fed's decision to maintain its…

The U.S. Federal Trade Commission (FTC) has issued recommendations urging policymakers to investigate stores Grocery Profits which have remained notably high since the onset of the pandemic. Additionally, the FTC has filed a lawsuit aimed at blocking Kroger's proposed acquisition of smaller rival Albertsons, citing concerns over potential price hi…

As Israel navigates through its current Economy challenges, the anticipation of the "day after" unveils a complex social and economic landscape that demands attention. Moody's recent announcement of downgrading Israel's credit rating to 2A, a first-time occurrence, along with a negative rating forecast, amplifies the economic hurdles ahead. This ec…

After a rigorous three-year fundraising effort, World Fund has successfully closed its first fund, securing €300 Million Climate Tech in capital. While this falls €50 million short of its initial target, the achievement remains significant, particularly against a backdrop of geopolitical tensions and economic uncertainty. The venture capital firm, …

On Thursday, the Bank of England announced its decision to keep its main interest rate unchanged at 5.25%, maintaining it at a 16-year high. This move diverges from recent actions taken by other central banks, such as the Swiss National Bank's surprising quarter-point rate cut, marking a distinct approach amidst global economic uncertainty. The dec…

In a remarkable debut on Thursday, Reddit, the popular online forum platform, saw its shares soar by a staggering 48% during its initial public offering Reddit IPO . This marks the first major IPO for a social media company since Pinterest's debut in 2019. The 19-year-old website, known for hosting diverse online forums, set its IPO price at $34 pe…